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lines changed Original file line number Diff line number Diff line change 11<pre>
2- BIP: Number not assigned
2+ BIP: ?
33 Layer: Applications
4- Title: Multi-Account/Multi- Script Hierarchy for Deterministic Multi Signature Wallets
4+ Title: Multi-Script Hierarchy for Multi-Sig Wallets
55 Author: Peter Denton <
[email protected] >
66 Comments-Summary: No comments
7- Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0048
7+ Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-?
88 Status: Proposed
99 Type: Standards Track
1010 Created: 2020-12-16
11+ License: MIT License
1112</pre>
1213
1314==Abstract ==
@@ -19,6 +20,9 @@ BIP-0044 (BIP44 from now on).
1920
2021This BIP is a particular application of BIP43.
2122
23+ ==Copyright ==
24+ This BIP falls under the MIT License.
25+
2226==Motivation ==
2327
2428The motivation of this BIP is to define the existing industry wide practice of utilizing m/48'
@@ -32,12 +36,22 @@ millions of addresses per chain.
3236
3337This paper was inspired from BIP44.
3438
35- ==Key sorting ==
39+ ==Backwards compatibility ==
40+
41+ Currently a number of wallets already utilize this derivation scheme for HD multi-sig accounts.
42+ This BIP is intended to maintain the *existing* real world use of the `48'` derivation.
43+ No breaking changes are made so as to avoid "loss of funds" to existing users.
44+ Wallet's which currently support the `48'` derivation will not need to make any changes
45+ to comply with this BIP.
46+
47+ ==Specification ==
48+
49+ ===Key sorting ===
3650
3751Any wallet that supports BIP48 inherently supports deterministic key sorting as per BIP67 so that all possible
3852multi-signature addresses/scripts are derived from deterministically sorted public keys.
3953
40- ==Path levels ==
54+ === Path levels = ==
4155
4256We define the following 6 levels in BIP32 path:
4357
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