updated compatibility section

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Omar Shibli 2017-09-18 15:58:21 +03:00
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Utilizing hierarchical deterministic wallets as described in BIP-0032 and the "Purpose Field" in BIP-0043, this document specifies the multiparty pay-to-contract key derivation scheme outlined by Ilja Gerhardt and Timo Hanke.[0]
This BIP is a particular application of BIP-0043 and is based on BIP-0044.
The key words "MUST", "MUST NOT", "REQUIRED", "SHALL", "SHALL NOT", "SHOULD", "SHOULD NOT", "RECOMMENDED", "MAY", and "OPTIONAL" in this document are to be interpreted as described in RFC 2119.
==Motivation==
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==Compatibility==
This specification is BIP-0043 compliant. Communication between payor and payee as well as hashing the contract and generating the path requires significant modification to the wallet.
This specification is not backward compatibile with BIP32 specification, the proposed derivation scheme in this BIP is a BIP32 compliant.
Communication between payor and payee as well as hashing the contract and generating the path requires significant modification to the wallet.
==Reference implementations==