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Diffstat (limited to 'bip-0137.mediawiki')
| -rw-r--r-- | bip-0137.mediawiki | 4 |
1 files changed, 2 insertions, 2 deletions
diff --git a/bip-0137.mediawiki b/bip-0137.mediawiki index 19dd536..575440b 100644 --- a/bip-0137.mediawiki +++ b/bip-0137.mediawiki @@ -25,7 +25,7 @@ This BIP is licensed under the 2-clause BSD license. ==Motivation== -Since Bitcoin private keys can not only be used to sign Bitcoin transactions, but also any other message, it has become customary to use them to sign various messages for differing purposes. Some applications of signing messages with a Bitcoin private key are as follows: proof of funds for collateral, credit worthiness, enterence to events, airdrops, audits as well as other applications. While there was no BIP written for how to digitally sign messages with Bitcoin private keys with P2PKH addresses it is a fairly well understood process, however with the introduction of Segwit (both in the form of P2SH and bech32) addresses, it is unclear how to distinguish a P2PKH, P2SH, or bech32 address from one another. This BIP proposes a standard signature format that will allow clients to distinguish between the different address formats. +Since Bitcoin private keys can not only be used to sign Bitcoin transactions, but also any other message, it has become customary to use them to sign various messages for differing purposes. Some applications of signing messages with a Bitcoin private key are as follows: proof of funds for collateral, credit worthiness, entrance to events, airdrops, audits as well as other applications. While there was no BIP written for how to digitally sign messages with Bitcoin private keys with P2PKH addresses it is a fairly well understood process, however with the introduction of Segwit (both in the form of P2SH and bech32) addresses, it is unclear how to distinguish a P2PKH, P2SH, or bech32 address from one another. This BIP proposes a standard signature format that will allow clients to distinguish between the different address formats. ==Specification== @@ -116,7 +116,7 @@ Since this format includes P2PKH keys, it is backwards compatible, but keep in m ==Implications== -Message signing is an important use case and potentially underused due to the fact that, up until now, there has not been a formal specification for how wallets can sign messages using Bitcoin private keys. Bitcoin wallets should be interoperable and use the same conventions for determing a signature's validity. This BIP can also be updated as new signature formats emerge. +Message signing is an important use case and potentially underused due to the fact that, up until now, there has not been a formal specification for how wallets can sign messages using Bitcoin private keys. Bitcoin wallets should be interoperable and use the same conventions for determining a signature's validity. This BIP can also be updated as new signature formats emerge. ==Acknowledgements== |