124 - Hierarchical Deterministic Script Templates
BIP: 124 source Layer: Applications Title: Hierarchical Deterministic Script Templates Authors: Eric Lombrozo William Swanson Status: Closed Type: Informational Assigned: 2015-11-20 License: PD Discussion: 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-script-hash (BIP16). However, different wallets tend to use mutually incompatible derivation schemes to generat...