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| -rw-r--r-- | .DS_Store | bin | 0 -> 18436 bytes | |||
| -rw-r--r-- | bip-0048.mediawiki | 90 |
2 files changed, 55 insertions, 35 deletions
diff --git a/.DS_Store b/.DS_Store Binary files differnew file mode 100644 index 0000000..6f80a1e --- /dev/null +++ b/.DS_Store diff --git a/bip-0048.mediawiki b/bip-0048.mediawiki index 7c39823..386b410 100644 --- a/bip-0048.mediawiki +++ b/bip-0048.mediawiki @@ -3,7 +3,7 @@ Layer: Applications Title: Multi-Account/Multi-Script Hierarchy for Deterministic Multi Signature Wallets Author: Peter Denton <dentondevelopment@protonmail.com> - Comments-Summary: Mixed review (one person) + Comments-Summary: No comments Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0048 Status: Proposed Type: Standards Track @@ -27,7 +27,7 @@ millions of addresses per chain. ==Key sorting== Any wallet that supports BIP48 inherently supports deterministic key sorting as per BIP67 so that all possible -multi-signature addresses/scripts are derived from deterministically ordered public keys. +multi-signature addresses/scripts are derived from deterministically sorted public keys. ==Path levels== @@ -37,7 +37,7 @@ We define the following 6 levels in BIP32 path: m / purpose' / coin_type' / account' / script_type' / change / address_index </pre> -`h` in the path indicates that BIP32 hardened derivation is used. +<code>h</code> or <code>'</code> in the path indicates that BIP32 hardened derivation is used. Each level has a special meaning, described in the chapters below. @@ -55,7 +55,7 @@ Sharing the same space for various networks has some disadvantages. Avoiding reusing addresses across networks and improving privacy issues. -Coin type `0` for mainnet and `1` for testnet. +Coin type <code>0</code> for mainnet and <code>1</code> for testnet. Hardened derivation is used at this level. @@ -82,16 +82,18 @@ an external source. Such an algorithm is described in "Account discovery" chapte ===Script=== -This level splits the key space into three separate `script_type`(s). To provide +This level splits the key space into three separate <code>script_type</code>(s). To provide optimum backward compatibility. -The recommended default is pay to witness script hash `m/48'/0'/0'/2'`. +The recommended default is pay to witness script hash <code>m/48'/0'/0'/2'</code>. The following represent mainnet, account 0. -`1'`: Nested Segwit (p2sh-p2wsh) `m/48'/0'/0'/1'`</br> -`2'`: Native Segwit (p2wsh) `m/48'/0'/0'/2'`</br> -`3'`: Legacy (p2sh) `m/48'/0'/0'/3'`</br> +<code>1'</code>: Nested Segwit (p2sh-p2wsh) <code>m/48'/0'/0'/1'</code></br> +<code>2'</code>: Native Segwit (p2wsh) <code>m/48'/0'/0'/2'</code></br> +<code>3'</code>: Legacy (p2sh) <code>m/48'/0'/0'/3'</code></br> + +Easily expanded to account for new script types. ===Change=== @@ -142,109 +144,127 @@ an external chain by generating a new address. ==Examples== {| -!coin -!account -!script -!chain -!address -!path +|network +|account +|script +|chain +|address +|path |- -|Bitcoin +|mainnet |first +|p2wsh |external |first |m / 48' / 0' / 0' / 2' / 0 / 0 |- -|Bitcoin +|mainnet |first +|p2wsh |external |second |m / 48' / 0' / 0' / 2' / 0 / 1 |- -|Bitcoin +|mainnet |first +|p2wsh |change |first |m / 48' / 0' / 0' / 2' / 1 / 0 |- -|Bitcoin +|mainnet |first +|p2wsh |change |second |m / 48' / 0' / 0' / 2' / 1 / 1 |- -|Bitcoin +|mainnet |second +|p2wsh |external |first |m / 48' / 0' / 1' / 2' / 0 / 0 |- -|Bitcoin +|mainnet |second +|p2wsh |external |second |m / 48' / 0' / 1' / 2' / 0 / 1 |- -|Bitcoin +|mainnet |second +|p2sh |change |first -|m / 48' / 0' / 1' / 2' / 1 / 0 +|m / 48' / 0' / 1' / 3' / 1 / 0 |- -|Bitcoin +|mainnet |second +|p2sh |change |second -|m / 48' / 1' / 1' / 2' / 1 / 1 +|m / 48' / 1' / 1' / 3' / 1 / 1 |- -|Bitcoin Testnet +|testnet |first +|p2sh-p2wsh |external |first -|m / 48' / 1' / 0' / 2' / 0 / 0 +|m / 48' / 1' / 0' / 1' / 0 / 0 |- -|Bitcoin Testnet +|testnet |first +|p2wsh |external |second |m / 48' / 1' / 0' / 2' / 0 / 1 |- -|Bitcoin Testnet +|testnet |first +|p2wsh |change |first |m / 48' / 1' / 0' / 2' / 1 / 0 |- -|Bitcoin Testnet +|testnet |first +|p2wsh |change |second |m / 48' / 1' / 0' / 2' / 1 / 1 |- -|Bitcoin Testnet +|testnet |second +|p2wsh |external |first |m / 48' / 1' / 1' / 2' / 0 / 0 |- -|Bitcoin Testnet +|testnet |second +|p2wsh |external |second |m / 48' / 1' / 1' / 2' / 0 / 1 |- -|Bitcoin Testnet +|testnet |second +|p2wsh |change |first |m / 48' / 1' / 1' / 2' / 1 / 0 |- -|Bitcoin Testnet +|testnet |second +|p2wsh |change |second |m / 48 h / 1' / 1' / 2' / 1 / 1 -|} +|- +}| + ==Reference== |