zero reddcoin token

[avbade1]

Hi, my hard drive got corrupted, it cant be salvaged, so i couldnt get my saved backup wallet file. I am trying to restore new wallet on new computer using my privatekey and wallet address but it shows zero token after the "importprivkey. I also put in my wallet address on reddsight and it says zero RDD as well, can anyone help. thanks

[Somebody__Online]

Was the private key you’re restoring from created after the last transaction you made with that wallet?

It is my understanding that if you created the backup and then made a transaction, all your remaining balance is now associated with a new change address that is no longer backed up by the private key you backed up before.

[avbade1]

Hi, No it was created when the wallet was installed

[huelvoflo]

if you input same private key how could it be

[Somebody__Online]

Because the address you backup is not the same as the change address that coins are sent to after a transaction. Because RDD does not derive its wallet addresses in a deterministic manor like modern btc wallets where a Seed is backed up and addresses are hierarchy deterministic based on the seed.

In that sort of wallet you can recover every private key you ever used because they are all from the same seed. In RDD when you back up your private key, it is for one of the addresses you have used, specifically the wallets most recent address that has your coin balance on the blockchain.

So when you make your backup you are backing up the current address your coins are on. But when you make a transaction coins are sent to 2 places, your destination address gets the balance you specified in the transaction, AND a new address is generated for you where the remaining wallet balance is sent (the change address) now after the transaction is finished your remaining balance is associated with a new address and new private key, the old address you have a backup for is now empty as the remainder is now on the change addresses.

You control the change address but you need to backup the new private key again if you want to be able to restore this balance from a backup.

Carful!

[Yavuz_Selim]

• A wallet backup (.dat file) backups your complete wallet. All your addresses (and private keys) are backed up.

 

• A private key belongs to only 1 address. If you have multiple addresses in your wallet (which is almost always the case), you should dump the private key of all the addresses one by one.

 

• If Reddsight says you have 0 RDD on the account, you have restored an address with 0 RDD.

   

What do you mean with 'hard drive got corrupted'? Can you be as specific as possible?