#StackBounty: #blockchain #ether #wallets #bitcoin #ledger-nano-s Recovery in new ledger nano s

Bounty: 100

Let us say that we create 3 bitcoin address and 4 ethereum address. This means that we have 3 public private key for bitcoin and 4 public private key for ether.

After recovery using the 24 word seed, How the new ledger nano s knows that I have used 3 address in bitcoin and 4 address in ethereum.

I wonder how this happens. Could you please help me to understand ?

Get this bounty!!!