Author: Kefkius 2015-04-08 07:05:43
Published on: 2015-04-08T07:05:43+00:00
The author of the potential BIP "Multi-Currency Hierarchy For Use In Multisignature Deterministic Wallets" is requesting discussion and a possible assignment of a BIP number. The proposal can be found on a Github gist provided by the author. The purpose of the BIP is to create a hierarchy for multiple currencies in multisignature deterministic wallets. The author discusses how current systems do not support multiple currencies in a single wallet, causing issues for those who use more than one currency. The proposed solution involves creating a hierarchical structure that allows for the use of multiple currencies in a single wallet. The author goes on to explain the technical aspects of the proposed system, including how it would work with existing wallets and how it would handle transactions. They also discuss potential benefits of the system, such as increased security and flexibility for users who hold multiple currencies. The author acknowledges that there may be challenges in implementing this system, but believes that it could have significant benefits for the cryptocurrency community. Overall, the author is seeking feedback and discussion on their proposal, as well as consideration for assigning a BIP number. This proposal addresses a current issue in the cryptocurrency community and proposes a potential solution that could offer increased security and flexibility for users who hold multiple currencies in a single wallet.
Updated on: 2023-06-09T19:01:56.956910+00:00