You’re probably excited for the release of the new HD wallet feature, and for good reason!
Manage your keys with a single mnemonic phrase? Yes please!
You’ve also probably seen this post urging you to back up your keys in advance. Do that.
However, that post also mentioned a November 16th release date.
I hate to play with your emotions, but that date has been pushed back.
Why the delay?
Developers noticed some errors in the word list, such as including incorrect words and certain entries including punctuation marks, which would make the list incompatible with the global norm (BIP0032/BIP0044, and the BIP39 word list, for those in the know).
This makes things tougher on builders, as they would be using a list incompatible with other platforms, making integration impossible.
So, we need to take our time to review the work that’s been done, and ensure it’s free of errors. With a properly functioning HD wallet feature, builders will simply need the mnemonic phrase to begin their work, and they can integrate their platforms with other HD wallets. It will be a great boon to the builder community.
Incognito devs have been developing BIP-standard protocols, and will continue to do so as they revisit what’s been done so far. In preparation for the feature, they’ll also need to rebuild the app SDK, extending the process somewhat.
Because key generation will be different with the HD wallet feature, you won’t be able to generate seeds for your existing keychains. You will still be able to recover them using backed up private keys, but for ease, you may want to transfer funds to new keychains once the HD wallet is live.
HD Wallet - coming December 2020
With all the work ahead, it’s important we take ample time to execute well.
As such, the new release date for the feature is the end of December.
While I want the update as much as you do, taking the time to build better now makes things easier on you in the future. And just think, what a great way it will be to kick off the new year!