Bitcoin wallets use a seed phrase, also known as a mnemonic phrase, to generate a sequence of private keys that can be used to sign transactions. A seed phrase typically consists of 12 or 24 words, generated using a specific algorithm and designed to be random and difficult to guess.
In this article, we will explore how to convert a seed phrase into bitcoin addresses using the python-bitcoinlib library. python-bitcoinlib is a Python library that provides a convenient interface for working with the bitcoin network.
What is Python bitcoinlib?
python bitcoinlib is a popular Python library for working with bitcoin and other cryptocurrencies. It provides a wide range of functions and tools for working with bitcoin, including creating addresses, generating keys, signing transactions, and more.
What are the 12 words used for in bitcoin?
The 12 words (sometimes referred to as the “12-word seed” or “recovery phrase”) are used to generate a deterministic key pair for a bitcoin wallet. This means that if you have the 12 words, you can always regenerate the same wallet and access your funds.
Why do the BTC addresses generated by python bitcoinlib not match those displayed by other wallets?
There could be many reasons for this, such as differences in the derivation paths used by each wallet, or bugs in the code used to generate the addresses. It’s important to double check that you are using the same derivation path and that your address generation code is correct.
How can I check if a BTC address is valid?
You can use the bitcoinlib library to validate BTC addresses in Python. Here’s some sample code to validate a BTC address: