A non-deterministic wallet is a type of cryptocurrency wallet that generates a new private key each time a transaction is made. This adds an extra layer of security, as the private keys are not reused, making it harder for hackers to gain access to the wallet.
When a user creates a non-deterministic wallet, a random number generator is used to generate private keys. Each time a new transaction is initiated, a new private key is created, providing additional security for the user’s funds.
Non-deterministic wallets are popular among users who prioritize security and are willing to sacrifice convenience for added protection. However, they can be more cumbersome to use compared to deterministic wallets, which use a single seed phrase to generate multiple private keys.
Overall, non-deterministic wallets provide an extra layer of security for cryptocurrency users who want to minimize the risk of unauthorized access to their funds.
