BIPs bitcoin improvement proposals

48 - Multi-Script Hierarchy for Multi-Sig Wallets

<pre> BIP: 48 Layer: Applications Title: Multi-Script Hierarchy for Multi-Sig Wallets Author: Fontaine <dentondevelopment@protonmail.com> Comments-Summary: No comments Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0048 Status: Proposed Type: Standards Track Created: 2020-12-16 License: MIT </pre> ==Abstract== This BIP defines a logical hierarchy for deterministic multi-sig wallets based on an algorithm described in BIP-0067 (BIP67 from now on), BIP-0032 (BIP32 from now on), purpose scheme described in BIP-0043 (BIP43 from now on), and multi-account hierarchy described in 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' derivation paths in hierarchical deterministic multi-sig wallets so that other developers may benefit from a standard. This BIP allows fo...