BIPs bitcoin improvement proposals

124 - Hierarchical Deterministic Script Templates

BIP: 124 source Layer: Applications Title: Hierarchical Deterministic Script Templates Author: Eric Lombrozo William Swanson Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0124 Status: Rejected Type: Informational Created: 2015-11-20 License: PD Post-History: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-November/011795.html Table of ContentsAbstractMotivationSpecificationKeysKey GroupsSortingScript TemplatesOperations on KeysEncodingExamples2-of-3 Multisig1-of-1 or 2-of-3Timelocked ContractReferencesCopyright Abstract This BIP defines a script template format that can be used by wallets to deterministically generate scripts with specific authorization policies using the key derivation mechanism defined in BIP32. Motivation Currently existing wallets typically issue scripts in only a tiny handful of widely used formats. The most popular formats are pay-to-pubkey-hash and m-of-n pay-to-sc...