Verady enables HD wallet support in cryptocurrency accounting app

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Verady, a provider of cryptocurrency accounting and audit services for the blockchain industry today announced support for HD (Hierarchical-Deterministic) wallets within the Ledgible Accounting suite.

HD wallets allow companies with high payment volumes to generate unique payment addresses for each transaction. Gathering, formatting, and uploading all of these addresses into Ledgible manually can be a time-consuming task.

Now, users can simply export the xpub or ypub from their wallet and upload that to Ledgible during wallet creation. The Ledgible system will automatically scan for any and all transactions associated with addresses derived from that root, and import all of their transactions seamlessly into the system.

Ledgible will continue to synchronize transactions from addresses derived from the root moving forward, as they are generated.

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