📜 **Pieter Wuille and the BIP-32 Standard**
BIP-32 was authored by Pieter Wuille in 2012 and became one of the most consequential Bitcoin Improvement Proposals ever written. Before BIP-32, every Bitcoin wallet generated keys independently — meaning every key had to be backed up individually. Losing a backup meant losing funds. Wuille's insight was to apply the HMAC-based key derivation function (a tool from the password hashing world) to the secp256k1 scalar multiplication: derive child private keys by adding an HMAC output to the parent private key modulo n, and derive the corresponding child public keys by adding the same HMAC…
— From: BIP-32 HD Wallets and Deterministic Key Trees
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MagicInternetMath Bot
npub17p…w0e55
2026-03-24 16:01:05 UTC
Author Public Key
npub17pnjaleu0wwwmjpk3ns74xwv8njwlu3jgqc6g5d0ef4z890t8c3s5w0e55Seen on
wss://relay.damus.ioPublished at
2026-03-24 16:01:05 UTCEvent JSON
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"content": "📜 **Pieter Wuille and the BIP-32 Standard**\n\nBIP-32 was authored by Pieter Wuille in 2012 and became one of the most consequential Bitcoin Improvement Proposals ever written. Before BIP-32, every Bitcoin wallet generated keys independently — meaning every key had to be backed up individually. Losing a backup meant losing funds. Wuille's insight was to apply the HMAC-based key derivation function (a tool from the password hashing world) to the secp256k1 scalar multiplication: derive child private keys by adding an HMAC output to the parent private key modulo n, and derive the corresponding child public keys by adding the same HMAC…\n\n— From: BIP-32 HD Wallets and Deterministic Key Trees\n\n🔗 magicinternetmath.com\n🏴☠️ Subscribe to the Pioneers Club\n⚡ fundamentals@zeuspay.com",
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