createnewaccount Command Guide

The createnewaccount command is used to create a new account within your existing Mintlayer wallet.

What is an Account?

In the context of Mintlayer and many other blockchain platforms, an account is not a separate wallet but rather a different set of addresses. It's derived from the same wallet seed phrase but follows a different derivation path. This allows users to manage multiple accounts (and therefore multiple address sets) under a single seed phrase, providing organizational flexibility and privacy.

Usage

To create a new account, use the following command:

createnewaccount [NAME]

Arguments

• [NAME]: An optional name for the new account. If not provided, the system will assign a default name.

Important Notes

• Each new account must have transaction history before another account can be created. If the last created account does not have any transaction history, the command will return an error.
• All accounts are derived from the same seed phrase but have different derivation paths, ensuring that they are distinct yet securely tied to your primary wallet.

Options

• -h, --help: Displays the help message for the createnewaccount command.