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authorMichael Grønager <gronager@ceptacle.com>2012-02-20 12:17:01 +0100
committerbitcoindev <bitcoindev@gnusha.org>2012-02-20 11:17:13 +0000
commit934c56d40750b07ddcbba5892a7b925c0f9b86ff (patch)
treea69192e58bad851b79725856950b32009c9537af
parent36a2caf001bb1693afef5cfadbf7275d4fd75014 (diff)
downloadpi-bitcoindev-934c56d40750b07ddcbba5892a7b925c0f9b86ff.tar.gz
pi-bitcoindev-934c56d40750b07ddcbba5892a7b925c0f9b86ff.zip
[Bitcoin-development] BIP-13
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+Subject: [Bitcoin-development] BIP-13
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+
+Just posted this on the wiki BIP-13 discussion - should I make it into a =
+BIP of its own ?
+
+---
+The "version" portion of the address has so far been labeled "network =
+id", and indicates from which network and which chain the address can be =
+used for. I think that this change from network id to version is much =
+more fundamental and should not just be squeezed in along with bip16/17. =
+The right way to do this is to structure the bitcoin address into:
+
+base58-encode: [one-byte network ID][20-byte hash][one-byte address =
+class][3-byte checksum]
+
+This will move the possibility of using a faulty address from 1 to 4bill =
+to 1 to 24mio. Recall that for most other payment systems this checksum =
+is 1 to 9! So it should be sufficient. An old client will then render =
+the new addresses as useless and they will still maintain their old =
+familiar 1xxx look - the whole point in multisig is that it should not =
+be a matter of the paying party to worry about securing wallet of the =
+receiver, hence he should not be bothered with a new "3" kind of address =
+now... --Michael Gronager/libcoin 10:49, 20 February 2012 (GMT)
+
+
+
+