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<pre>
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BIP: 999*
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BIP: TBD
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Layer: Applications
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Title: Pay to Contract Protocol
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Author: Omar Shibli <omar@commerceblock.com>
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Nicholas Gregory <nicholas@commerceblock.com>
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Comments-Summary: No comments yet.
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Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0999
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Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-TBD
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Status: Draft
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Type: Informational Track
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Created: 2017-07-17
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License: BSD-2-Clause
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</pre>
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* 999 is a temporary BIP number.
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==Abstract==
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Utilizing hierarchical deterministic wallets as described in BIP-0032 and the "Purpose Field" in BIP-0043, this document specifies the multiparty pay-to-contract key derivation scheme outlined by Ilja Gerhardt and Timo Hanke.[0]
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===Purpose===
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Purpose is a constant set to <code>999'</code> (or <code>0x800003E7</code>) following the BIP-0043 recommendation. It indicates that the subtree of this node is used according to this specification.
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Purpose is a constant set to <code>TBD'</code> (or <code>TBD</code>) following the BIP-0043 recommendation. It indicates that the subtree of this node is used according to this specification.
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<code>
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m / 999' / *
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m / TBD' / *
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</code>
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Hardened derivation is used at this level.
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