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authorRobert Spigler <RobertSpigler@ProtonMail.ch>2021-03-18 18:00:39 -0400
committerGitHub <noreply@github.com>2021-03-18 18:00:39 -0400
commitf4cea61a4edec51c72a965861c0cb63553adf68c (patch)
tree460e7d72dc65dee7c295589ea4e824691bdeac39
parentb4af07c8a7f10fb28e6c5233d603310cc9db072f (diff)
downloadbips-f4cea61a4edec51c72a965861c0cb63553adf68c.tar.xz
Clarifications
-rw-r--r--Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki5
1 files changed, 3 insertions, 2 deletions
diff --git a/Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki b/Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki
index 8ac2888..e69f9cf 100644
--- a/Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki
+++ b/Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki
@@ -30,9 +30,10 @@ As background, BIP 44/49/84 specifies:
m / purpose' / coin_type' / account' / change / address_index
</pre>
-where the BIP43 <code>purpose'</code> path is separate for each script (P2PKH, P2WPKH-in-P2SH, and P2WPKH respectively). However, these per-script derivations are made redundant with descriptors, which describe a collection of output scripts. Note also that these are single sig derivations (which shouldn't be reused for multisig).
+where the BIP43 <code>purpose'</code> path is separate for each script (P2PKH, P2WPKH-in-P2SH, and P2WPKH respectively). Having a script-per-derivation for single sig wallets allows for easy backup and restore, with just the private key information.
-Standardization is needed for multisig derivation paths. There are some in existence, but all have issues. For example, BIP45 specifies:
+Multisignature wallets need more information to backup and restore, and these per-script derivations are made redundant with descriptors, which describe a collection of output scripts.
+A modern standardization is needed for multisig derivation paths. There are some in existence, but all have issues. For example, BIP45 specifies:
<pre>
m / purpose' / cosigner_index / change / address_index