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Diffstat (limited to 'bip-0048.mediawiki')
| -rw-r--r-- | bip-0048.mediawiki | 24 |
1 files changed, 19 insertions, 5 deletions
diff --git a/bip-0048.mediawiki b/bip-0048.mediawiki index 68c0190..313bfcf 100644 --- a/bip-0048.mediawiki +++ b/bip-0048.mediawiki @@ -1,13 +1,14 @@ <pre> - BIP: Number not assigned + BIP: ? Layer: Applications - Title: Multi-Account/Multi-Script Hierarchy for Deterministic Multi Signature Wallets + Title: Multi-Script Hierarchy for Multi-Sig Wallets Author: Peter Denton <dentondevelopment@protonmail.com> Comments-Summary: No comments - Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0048 + Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-? Status: Proposed Type: Standards Track Created: 2020-12-16 + License: MIT License </pre> ==Abstract== @@ -19,6 +20,9 @@ BIP-0044 (BIP44 from now on). This BIP is a particular application of BIP43. +==Copyright== +This BIP falls under the MIT License. + ==Motivation== The motivation of this BIP is to define the existing industry wide practice of utilizing m/48' @@ -32,12 +36,22 @@ millions of addresses per chain. This paper was inspired from BIP44. -==Key sorting== +==Backwards compatibility== + +Currently a number of wallets already utilize this derivation scheme for HD multi-sig accounts. +This BIP is intended to maintain the *existing* real world use of the `48'` derivation. +No breaking changes are made so as to avoid "loss of funds" to existing users. +Wallet's which currently support the `48'` derivation will not need to make any changes +to comply with this BIP. + +==Specification== + +===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 sorted public keys. -==Path levels== +===Path levels=== We define the following 6 levels in BIP32 path: |