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The Bitcoin XPUB Conundrum: Increasing Concern
In recent years, the increasing use of bitcoin has led to an explosion in the number of wallets available. However, one of the specific questions that have come to light is the ability of some wallets to accept or generate bitcoin titles from a given path of origin, called « XPUB ». In this article we are immersed in the XPUB Conundrum and explore how to select the derivative route of your wallet.
What is XPUB?
Before we get into it, let us quickly determine what XPUB is. The XPUB (also known as P2PKH) is a Bitcoin public key used to receive bitcoins. This was introduced by Satoshi Nakamoto, a creator of Bitcoin, in order to enable the third party’s wallet to accept and verify transactions without having to know the private keys related to each wallet.
The problem: XPUB Running Path
Now things are interesting. Some wallets, especially those that do not support P2PKH (Public Key Hash), have experienced problems with the acceptance of XPUB addresses from other wallets. Specifically, these wallets do not seem to see or accept the XPUB addresses generated by this path of derivation.
The consequences:
This problem can lead to many questions, including:
- Walks don’t receive payments
- Wallets are unable to check transactions
- Wallets with incorrect equilibrium information
Select the appropriate derivative path
So, how can you choose which derivative path you need for your wallet? Here are some factors that need to be taken into account:
- Personal preferences : If you prefer a more private and safer way to treat bitcoin, you can use the P2PKH derivation (ie XPUB) to choose a better choice.
- Third Party Wallet Requirements : Check that the wallet used supports the P2PKH derivation route. Some popular third -party wallets support this opportunity.
- Bitcoin Protocol Version : Make sure your wallet is compatible with the bitcoin protocol version that uses the XPUB title format.
Alternatives to XPUB
If you have a hard time creating XPUB addresses or you need a safer method to handle bitcoin, consider using alternative derivation routes, for example:
- P2SH (Private Key on Public Hash): This option generates a private key for all transactions and is widely supported by wallets.
- SPX: This format allows you to produce specific subtransactions that can be useful in certain scenarios.
Conclusion
XPUB Conundrum highlights the importance of understanding Bitcoin’s derivative routes and those that affect the functionality of the wallet. By selecting the proper derivative of your wallet, you can ensure that you get a payment, check transactions and safely manage Bitcoin.
If you experience problems with XPUB addresses or need help with setting up a new wallet that supports this option, you can safely comment on the following, or ask us any tracking question!