Paul,

The current BIP-49 / 84 use the purpose field of the derivation path to specify
the address format.

​I think sticking with the one-BIP-one-format method works. Otherwise, you
would need to modify this proposed BIP each time a new format comes along.
In that case, existing wallets that claim BIP-XXXX compliance will be
incomplete.


-Clark

On Thu, Apr 26, 2018 at 9:05 AM, Paul Brown <paul@345.systems> wrote:

> Hi
>
> I realised after I sent my previous response that the encoding was wrong
> and that my smiley face at the end of the BIP number comment got turned
> into a ? and the tongue in cheek context was lost :-(
>
> Anyway, back onto subject.  I've been thinking some more on the SLIP-0032
> adoption in this proposal and specifically the address format to use when
> generating addresses.
>
> My proposal states bech32 serialized addresses (P2WPKH or P2WSH), however,
> I wonder whether there is some merit in extending the derivation path with
> an additional level below coin type to represent the address format, with
> the value determined by the context of the coin type value in the
> derivation path (0x00 for P2WPKH bech32, 0x01 for P2PKH base58 if coin type
> is Bitcoin, 0x00 for Ethereum account format if coin type is Ether, etc).
> A separate spec similar to SLIP-0044 could be created that defines the list
> of address formats and the derivation path values.
>
> When importing root master seeds or distributing the xpub's for each
> cosigner to each party the discovery process in the proposal would need
> extending to try each address format in turn to determine whether there is
> a 'hit' when checking balances.  It does mean that the import process is
> slower however the additional flexibility of supporting multiple address
> formats possibly outweighs this.  I'm just thinking that having a rule to
> follow during discovery, particularly where non-Bitcoin coins are
> concerned, is more explicit than leaving it open to the wallet implementer
> to figure out (for altcoins, what address format to use?).
>
> It also means that future address formats are supported as they are simply
> added to the new spec list for the coin type (can be done by anyone,
> similar to the way SLIP-0044 works now) - it doesn't require a new BIP to
> support.  For example, if address format was a derivation level in BIP44,
> would BIP49 and BIP84 be needed?
>
> I'm somewhat musing out loud here, but I like the idea of being able to
> mostly self-discover as much as possible and reducing or eliminating the
> need for proprietary metadata attached to the wallet.
>
> Cheers
> Paul
>
> From: clarkmo...@gmail.com <clarkmo...@gmail.com> On Behalf Of Clark Moody
> Sent: 25 April 2018 15:36
> To: Paul Brown <paul@345.systems>; Bitcoin Protocol Discussion <
> bitcoin-dev@lists.linuxfoundation.org>
> Subject: Re: [bitcoin-dev] Multi-signature and multi-coin HD wallet in one
> BIP32 derivation path (new BIP)
>
> Thanks for the proposal, Paul.
>
> > - What address format is expected when discovering balances and creating
> transactions?
>
> Your solution does not solve your first bullet point, since the xpub
> encoding looks no different than any other xpub (BIP 44, 45, 49, etc). At
> the least, you should propose new version bytes to change the "xpub" in the
> encoding to some other string.
>
> Alternatively, I would suggest that you use the xpub serialization format
> described in SLIP-0032 (
> https://github.com/satoshilabs/slips/blob/master/slip-0032.md). It
> includes the derivation path within the xpub itself and uses Bech32 for
> encoding.
>
> Given a normal xpub with no additional information, a wallet must scan the
> address space for the various formats. SLIP-0032 solves this bootstrapping
> problem and avoids the UX nightmare of users being required to know to
> which BIP number the xpub conforms.
>
> Also, @luke-jr will give you a hard time to self-assigning a BIP number ;-)
>
> Thanks
>
>
>
>
> -Clark
>
> On Wed, Apr 25, 2018 at 4:35 AM, Paul Brown via bitcoin-dev <mailto:
> bitcoin-dev@lists.linuxfoundation.org> wrote:
> Hi
>
> I have written a new BIP describing a BIP32 derivation path that supports
> a single or multi-signature and multi-coin wallet from a single master
> seed.  It combines BIP44 and BIP45 and adds in a self-describing structure
> in the derivation path for multiple multi-sig combinations within the
> single wallet along with an extended public key export file format for
> public key distribution between parties.  I can particularly see this being
> useful for multiple Lightning Network 2of2 accounts for different payment
> channels.
>
> The BIP can be found here:
> https://github.com/gluexchange/bip/blob/master/bip-0046.mediawiki
>
> I appreciate that this might be re-hashing old ground as BIP44 in
> particular has been widely adopted, however, BIP44 does leave itself open
> to a lot of interpretation from a wallet portability perspective such as:
>
> - What address format is expected when discovering balances and creating
> transactions?
> - Does the master seed represent a single-sig or multi-sig wallet?
> - If multi-sig, how many cosigners and what are their extended public keys
> (so that the wallet can generate the correctly formatted redeem script with
> public keys in the right order)?
> - If multi-sig, how do you prevent collisions on the same address index
> (in a wallet that is occasionally connected)?
>
> BIP45 solves the collision that occurs when the individual parties in a
> multi-sig group each give out a new address from a wallet, where the wallet
> hasn’t been able to sync to mark the address as ‘used’ (this could happen
> if they gave out addresses independently at the same time).  It uses a
> cosigner index in the derivation path so that each party has their own path
> to their addresses.  However, BIP45 drops the multi-coin support that BIP44
> has.
>
> This is a useful discussion on the problems of a collision and the merits
> of separating cosigners in the derivation path:
> https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg05188.html
>
> For the purposes of the BIP text (and the example paths used to generate
> keys) I’ve temporarily assigned it the number 46.  It looks like that is
> available and seemed somewhat appropriate given that it builds on the good
> work of BIP44 and BIP45.
>
> Paul Brown
>
>
>
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