Author: Justus Ranvier 2015-07-02 15:45:05
Published on: 2015-07-02T15:45:05+00:00
The Monetas company has developed a Bitmessage address derivation method from an HD seed based on BIP-43. This method allows Bitmessage users to generate their addresses from a seed, providing eternal key backups. The same seed can also be used for a Bitcoin wallet and a Bitmessage client. Furthermore, this method enables future use cases where senders calculate Bitmessage addresses based on a recipient's extended public key and some other index value. Monetas is proposing this as a BIP per the BIP-43 recommendation in order to reserve a purpose code.
Updated on: 2023-06-10T01:46:17.496702+00:00