BIPs bitcoin improvement proposals

124 - Hierarchical Deterministic Script Templates

<pre> BIP: 124 Layer: Applications Title: Hierarchical Deterministic Script Templates Author: Eric Lombrozo <eric@ciphrex.com> William Swanson <swansontec@gmail.com> 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 </pre> ==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-script-hash (BIP16). However, different wallets tend to use mutually incompatible derivation schemes to generate signing keys and con...