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author | Robert Spigler <RobertSpigler@ProtonMail.ch> | 2021-03-18 18:00:39 -0400 |
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committer | GitHub <noreply@github.com> | 2021-03-18 18:00:39 -0400 |
commit | f4cea61a4edec51c72a965861c0cb63553adf68c (patch) | |
tree | 460e7d72dc65dee7c295589ea4e824691bdeac39 /Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki | |
parent | b4af07c8a7f10fb28e6c5233d603310cc9db072f (diff) | |
download | bips-f4cea61a4edec51c72a965861c0cb63553adf68c.tar.xz |
Clarifications
Diffstat (limited to 'Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki')
-rw-r--r-- | Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki | 5 |
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 |