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To: Adam Back <adam@cypherspace.org>
From: Dr Maxim Orlovsky <orlovsky@protonmail.com>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIP32/43-based standard for Schnorr signatures &
decentralized identity
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Hi Adam,
Commenting on your question:
> With segWit vs pre-SegWit didn't wallets just select and standardize
> on a different HD derivation path?
>=20
> Is there something else needed than a Schnorr derivation path?
The general accepted practice (defined in BIP43) is to define a dedicated p=
urpose field for each kind of key derivation and address encoding. There is=
a dedicated purpose for pre-SegWit, SegWit, multisigs =E2=80=94 and now a =
purpose for Schnorr sigs/Taproot outputs is needed. That is why I brought f=
orward this proposal, which addresses exactly this need - and also will sup=
port at the same time multisigs and pre-Taproot outputs, making all previou=
sly used purpose fields redundant, simplifying future wallets.
Kind regards,
Maxim
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