Skip to content

Commit d20444a

Browse files
Add motivation for spendable tag
1 parent 1684344 commit d20444a

File tree

1 file changed

+2
-0
lines changed

1 file changed

+2
-0
lines changed

bip-0329.mediawiki

Lines changed: 2 additions & 0 deletions
Original file line numberDiff line numberDiff line change
@@ -26,8 +26,10 @@ These standards are well supported and allow users to move easily between differ
2626
There is, however, no defined standard to transfer any labels the user may have applied to the transactions, addresses, public keys, inputs, outputs or xpubs in their wallet.
2727
The UTXO model that Bitcoin uses makes these labels particularly valuable as they may indicate the source of funds, whether received externally or as a result of change from a prior transaction.
2828
In both cases, care must be taken when spending to avoid undesirable leaks of private information.
29+
2930
Labels provide valuable guidance in this regard, and have even become mandatory when spending in several Bitcoin wallets.
3031
Allowing users to import and export their labels in a standardized way ensures that they do not experience lock-in to a particular wallet application.
32+
In addition, many wallets allow unspent outputs to be frozen or made unspendable within the wallet. Since this wallet-related metadata is similar to labels and not captured elsewhere, it is also included in this format.
3133

3234
==Rationale==
3335

0 commit comments

Comments
 (0)