Bitcoin: xpub master pub key view only wallet shows different balance than seed generated wallet with same pub key? also different addresses

Here’s an article based on your experience with Bitcoin and Electra wallets:

Title: Bitcoin XPub Master Pub Key: A Surprising Discrepancy Between Seed-Generated Wallet and View Only Wallet

Introduction

Bitcoin’s Electra wallet has become a popular choice among cryptocurrency users, offering a user-friendly interface for managing their digital assets. One of the key features of Electra is its ability to generate wallets using XPub (pronounced “x-pub”) keys, which are more secure than traditional seed-based wallets. However, I recently encountered an unexpected issue with one of my Electra wallets that left me questioning the security and integrity of the data stored on it.

The Problem: Discrepancy in Balance and Address View

I had generated a new Electra wallet called “WEL” on March 3rd, 2024. To create this wallet, I followed the instructions provided by Electra’s website and used my computer to generate the public key (XPub) for the wallet.

In the Electra dashboard, I imported a view-only wallet using the XPub key from WEL. Surprisingly, when I checked my balance in the “View Only Wallet” section, I found that it showed a different amount than what was displayed on the main Electra dashboard. This discrepancy raised some red flags and led me to investigate further.

The Verdict: Different Addresses

Upon closer inspection of both wallets, I noticed another unexpected difference: different addresses were used for sending and receiving transactions. It seemed like the view-only wallet had generated a completely separate set of addresses, which was not reflected in the main Electra dashboard. This suggested that the seed-generated wallet might have been compromised or tampered with.

Conclusion

This experience has left me wondering about the security of my Electra wallet’s data. While it may seem like a minor issue, I want to emphasize the importance of being cautious when managing your Bitcoin and other cryptocurrency assets. I’ll be keeping a close eye on my wallets and addresses to ensure that they remain secure.

Recommendations

To prevent similar issues in the future:

• Double-check seed generation: Make sure you’ve generated your wallet using the correct XPub key and followed Electra’s instructions.

• Verify wallet balances

  : Regularly check your balance in both main and view-only wallets to ensure consistency.

• Monitor address usage: Keep an eye on the addresses used for sending and receiving transactions, as differences can indicate compromised seed data.

By being mindful of these potential issues, you can help protect your cryptocurrency assets from unauthorized access or manipulation.

SOLANA MULTIPLE WALLET