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Generation of a New Extensive Public Key (XPUB) on Ethereum
As an individual cryptocurrency user or developer, it may be necessary to generate a new extensive public key (xpub) for varous reasons. This article will guide you through the process of creating an xpub.
What is an xpub?
An XPUB is a type of digital signature that combines the characteristics of Ethereum Public and Private Keys. It allows you to secure private keys safely while Allowing Others to Verify Your Identity and Access Certain Transactions or Services on the Network.
How to generate an xpub:
To create a new xpub, follow thesis steps:
Passage 1: Create A Wallet
First, make sure you have a digital wallet installed on your computer or mobile device. Popular Options Include Metamask, MyeTherwallet and Electrum.
Step 2: Deposit funds on the portfolio
Deposit some ether (ETH) in your wallet using the favorite method.
Step 3: Use the Command Line Tool ETH.Accounts
Open a Terminal or Control Prompt and Go to the Portfolio Directory. Then, use the following command to generate an xpub:
`Bash
ETH Generated ETH Account -xpub
Replace With the address of your ethereum portfolio.
For Example:
`Bash
ETH generated account -xpub cugruronzsq4wtmwtmdtypwkikrho4egpimzbpiaql2jkwsb1icyh2cfvxdx4df189olknc5fswqpgygyhooxujyzaDVMZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Alternative method: Using a Json File
Alternatively, you can store the private key and xpub in a json file. This is useful if you plan to use the same portfolio for multiple accounts or services.
- Create a new file called
private_key.json 'with the following content:
Json
{
"Key": "", // Replace with the Actual Private Key
"Xpub": ""
}
Replace With Your Actual Private Key and ‘With the Address of Your Ethereum Portfolio.
- Generate an xpub using the control row tool
ETH.Accounts:
`Bash
ETH Generated ETH Account -xpub
Important Notes:
- The generated xpub will be in hexadecimal format, which is a string or 64 hexadecimal digits.
- You can use this xpub to access your wallet and authorize transactions or services on the Ethereum Network.
- Be Cautious when it generates an xpub, as it provides a public representation of your private key. If you lose or compromise your private key, you will lose access to your wallet.
Following thesis steps, you should be able to generate a new extensive public key (xpub) for your ethereum account.