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Merge bitcoin/bitcoin#24281: docs: Update to match new default wallet type

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8e9699cb10 Update doc to match new default wallet type (Bitcoin Hodler)

Pull request description:

  #23002 changed the default wallet type to descriptors, so this doc was out of date.

ACKs for top commit:
  achow101:
    ACK 8e9699cb10

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Andrew Chow 2022-02-17 17:05:50 -05:00
commit 3a618c1e3b
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doc/managing-wallets.md
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@ -12,11 +12,9 @@ In the GUI, the `Create a new wallet` button is displayed on the main screen whe
The following command, for example, creates a descriptor wallet. More information about this command may be found by running `bitcoin-cli help createwallet`. The following command, for example, creates a descriptor wallet. More information about this command may be found by running `bitcoin-cli help createwallet`.
``` ```
$ bitcoin-cli -named createwallet wallet_name="wallet-01" descriptors=true $ bitcoin-cli createwallet "wallet-01"
``` ```
The `descriptors` parameter can be omitted if the intention is to create a legacy wallet. For now, the default type is the legacy wallet, but that is expected to change in a future release.
By default, wallets are created in the `wallets` folder of the data directory, which varies by operating system, as shown below. The user can change the default by using the `-datadir` or `-walletdir` initialization parameters. By default, wallets are created in the `wallets` folder of the data directory, which varies by operating system, as shown below. The user can change the default by using the `-datadir` or `-walletdir` initialization parameters.
| Operating System | Default wallet directory | | Operating System | Default wallet directory |
@ -54,7 +52,7 @@ Only the wallet's private key is encrypted. All other wallet information, such a
The wallet's private key can also be encrypted in the `createwallet` command via the `passphrase` argument: The wallet's private key can also be encrypted in the `createwallet` command via the `passphrase` argument:
``` ```
$ bitcoin-cli -named createwallet wallet_name="wallet-01" descriptors=true passphrase="passphrase" $ bitcoin-cli -named createwallet wallet_name="wallet-01" passphrase="passphrase"
``` ```
Note that if the passphrase is lost, all the coins in the wallet will also be lost forever. Note that if the passphrase is lost, all the coins in the wallet will also be lost forever.