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Robert Spigler
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Modern Hierarchy for Deterministic Multisignature Wallets.mediawiki

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@@ -30,9 +30,10 @@ As background, BIP 44/49/84 specifies:
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m / purpose' / coin_type' / account' / change / address_index
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</pre>
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where the BIP43 <code>purpose'</code> path is separate for each script (P2PKH, P2WPKH-in-P2SH, and P2WPKH respectively). However, these per-script derivations are made redundant with descriptors, which describe a collection of output scripts. Note also that these are single sig derivations (which shouldn't be reused for multisig).
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where the BIP43 <code>purpose'</code> path is separate for each script (P2PKH, P2WPKH-in-P2SH, and P2WPKH respectively). Having a script-per-derivation for single sig wallets allows for easy backup and restore, with just the private key information.
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Standardization is needed for multisig derivation paths. There are some in existence, but all have issues. For example, BIP45 specifies:
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Multisignature wallets need more information to backup and restore, and these per-script derivations are made redundant with descriptors, which describe a collection of output scripts.
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A modern standardization is needed for multisig derivation paths. There are some in existence, but all have issues. For example, BIP45 specifies:
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<pre>
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m / purpose' / cosigner_index / change / address_index

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