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Update bip-0048.mediawiki
- Replace BIP number with ? - Reduce title to less then 44 characters - Add MIT Licence and copyright section - Add specification section - Add backwards compatibility section
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<pre>
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BIP: Number not assigned
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BIP: ?
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Layer: Applications
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Title: Multi-Account/Multi-Script Hierarchy for Deterministic Multi Signature Wallets
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Title: Multi-Script Hierarchy for Multi-Sig Wallets
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Author: Peter Denton <dentondevelopment@protonmail.com>
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Comments-Summary: No comments
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Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0048
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Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-?
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Status: Proposed
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Type: Standards Track
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Created: 2020-12-16
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License: MIT License
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</pre>
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==Abstract==
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@ -19,6 +20,9 @@ BIP-0044 (BIP44 from now on).
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This BIP is a particular application of BIP43.
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==Copyright==
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This BIP falls under the MIT License.
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==Motivation==
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The motivation of this BIP is to define the existing industry wide practice of utilizing m/48'
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@ -32,12 +36,22 @@ millions of addresses per chain.
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This paper was inspired from BIP44.
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==Key sorting==
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==Backwards compatibility==
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Currently a number of wallets already utilize this derivation scheme for HD multi-sig accounts.
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This BIP is intended to maintain the *existing* real world use of the `48'` derivation.
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No breaking changes are made so as to avoid "loss of funds" to existing users.
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Wallet's which currently support the `48'` derivation will not need to make any changes
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to comply with this BIP.
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==Specification==
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===Key sorting===
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Any wallet that supports BIP48 inherently supports deterministic key sorting as per BIP67 so that all possible
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multi-signature addresses/scripts are derived from deterministically sorted public keys.
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==Path levels==
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===Path levels===
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We define the following 6 levels in BIP32 path:
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