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  #23002 changed the default wallet type to descriptors, so this doc was out of date.

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  achow101:
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Andrew Chow 2022-02-17 17:05:50 -05:00
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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`.
```
$ 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.
| 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:
```
$ 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.