BIPs bitcoin improvement proposals

176 - Bits Denomination

<pre> BIP: 176 Title: Bits Denomination Author: Jimmy Song <jaejoon@gmail.com> Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0176 Status: Draft Type: Informational Created: 2017-12-12 License: BSD-2-Clause </pre> == Abstract == Bits is presented here as the standard term for 100 (one hundred) satoshis or 1/1,000,000 (one one-millionth) of a bitcoin. == Motivation == The bitcoin price has grown over the years and once the price is past $10,000 USD or so, bitcoin amounts under $10 USD start having enough decimal places that it's difficult to tell whether the user is off by a factor of 10 or not. Switching the denomination to "bits" makes comprehension easier. For example, when BTC is $15,000 USD, $10.05 is a somewhat confusing 0.00067 BTC, versus 670 bits, which is a lot clearer. Additonally, reverse comparisons are easier as 59 bits being $1 is easier to comprehend for most people than 0.000059 BTC being $1. Simil...

81 - Hierarchy for Colored Voting Pool Deterministic Multisig Wallets

<pre> BIP: 81 Title: Hierarchy for Colored Voting Pool Deterministic Multisig Wallets Author: Justus Ranvier <justus@opentransactions.org> Jimmy Song <jimmy@monetas.net> Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0081 Status: Deferred Type: Informational Created: 2014-08-11 License: PD </pre> ==Abstract== This BIP defines a logical hierarchy for colored coin voting pool deterministic multisig wallets based on an algorithm described in BIP-0032 (BIP32 from now on) and purpose scheme described in BIP-0043 (BIP43 from now on). This BIP is a particular application of BIP43 and is based on BIP44. ==Motivation== The hierarchy proposed in this paper allows the handling of multiple color definitions from a single seed. ==Path levels== We define the following 8 levels in BIP32 path: <pre> m / purpose' / series' / (5 color definition levels) / address_index </pre> Apostrophe in the path indicates that BI...

80 - Hierarchy for Non-Colored Voting Pool Deterministic Multisig Wallets

<pre> BIP: 80 Title: Hierarchy for Non-Colored Voting Pool Deterministic Multisig Wallets Author: Justus Ranvier <justus@opentransactions.org> Jimmy Song <jimmy@monetas.net> Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0080 Status: Deferred Type: Informational Created: 2014-08-11 License: PD </pre> ==Abstract== This BIP defines a logical hierarchy for non-colored voting pool deterministic multisig wallets based on an algorithm described in BIP-0032 (BIP32 from now on) and purpose scheme described in BIP-0043 (BIP43 from now on). This BIP is a particular application of BIP43 and is based on BIP44. ==Motivation== The hierarchy proposed in this paper allows the handling of multiple coins and multiple series from a single seed. ==Path levels== We define the following 4 levels in BIP32 path: <pre> m / purpose' / coin_type' / series' / address_index </pre> Apostrophe in the path indicates that BIP32 ha...