Can I use an extended public key to monitor the balance and transactions of multiple cryptocurrency addresses?

3 answers

• Dec 25, 2021 · 3 years ago
  Yes, you can use an extended public key (xpub) to monitor the balance and transactions of multiple cryptocurrency addresses. An xpub is derived from a master public key and can generate a series of child public keys. By using the xpub, you can generate all the public keys associated with your cryptocurrency addresses without revealing the corresponding private keys. This allows you to keep track of the balance and transactions without the risk of exposing your private keys. It provides a convenient way to monitor multiple addresses with a single key.
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• Dec 25, 2021 · 3 years ago
  Definitely! An extended public key (xpub) is a powerful tool for monitoring multiple cryptocurrency addresses. It allows you to generate a series of public keys without revealing the private keys. By using the xpub, you can easily keep track of the balance and transactions of all the addresses associated with it. This is particularly useful for businesses or individuals who have multiple addresses and want to have a comprehensive view of their cryptocurrency holdings. It simplifies the process of monitoring and managing multiple addresses.
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• Dec 25, 2021 · 3 years ago
  Absolutely! Using an extended public key (xpub) is a great way to monitor the balance and transactions of multiple cryptocurrency addresses. With an xpub, you can generate all the public keys associated with your addresses and keep track of their balances and transactions. It's like having a master key that gives you access to all the relevant information without the need to manage multiple private keys. This can save you time and effort, especially if you have a large number of addresses to monitor. It's a convenient and efficient solution for balance and transaction tracking.
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