Re: [bitcoin-dev] Derivation Paths for Single Key Taproot Scripts

2021-07-02 Thread Andrew Chow via bitcoin-dev
This was assigned BIP number 86, so the purpose level path will be m/86' Andrew On 6/22/21 9:17 PM, Andrew Chow wrote: > Hi All, > > I would like to propose a simple derivation path scheme for keys to be > used in single key Taproot scripts. This is based on BIP 44 so it is > basically identical

Re: [bitcoin-dev] Derivation Paths for Single Key Taproot Scripts

2021-06-30 Thread Pavol Rusnak via bitcoin-dev
+1 from the author of BIP43, BIP44 and BIP84. The proposed BIP follows this pattern nicely. -- Best Regards / S pozdravom, Pavol "stick" Rusnak Co-founder and CTO, SatoshiLabs ___ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://l

Re: [bitcoin-dev] Derivation Paths for Single Key Taproot Scripts

2021-06-23 Thread Craig Raw via bitcoin-dev
+1 While other derivation schemes have been proposed, the simple "purpose per script type" based approach started with BIP44 is very widely used and has done much to improve recoverability of wallets. The products and understanding around this approach are now relatively mature, while backing up a

[bitcoin-dev] Derivation Paths for Single Key Taproot Scripts

2021-06-22 Thread Andrew Chow via bitcoin-dev
Hi All, I would like to propose a simple derivation path scheme for keys to be used in single key Taproot scripts. This is based on BIP 44 so it is basically identical to BIPs 49 and 84. Like with those BIPs, the actual value to be used in the purpose level will be set to the BIP number, once assi