Validate a BIP-44 derivation path string to ensure it meets the required format.
This function checks if the provided path adheres to the BIP-44 standard for Secp256k1.
Parse and validate a path that is compliant to BIP-44 in form m/44'/637'/{account_index}'/{change_index}/{address_index}
for Secp256k1
Note that for Secp256k1, the last two components must be non-hardened.
Parameters
path: string
The path string to validate (e.g. m/44'/637'/0'/0/0).
Validate a BIP-44 derivation path string to ensure it meets the required format. This function checks if the provided path adheres to the BIP-44 standard for Secp256k1. Parse and validate a path that is compliant to BIP-44 in form m/44'/637'/{account_index}'/{change_index}/{address_index} for Secp256k1
Note that for Secp256k1, the last two components must be non-hardened.