Read a Bitcointalk thread by the legendary gmaxwell on new types of Bitcoin wallets. Answer the questions and post them below:
- What’s the advantage of using a Deterministic Wallet, as opposed to generating many different keypairs?
- What advantage does a Type-2 wallet have over Type-1?
- What is the anonymity set for a receiver using a Deterministic Wallet? (hint: to someone who knows another of Bob’s addresses, how many other unknown addresses on the blockchain might be Bob’s?)