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updated compatibility section
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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]
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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]
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This BIP is a particular application of BIP-0043 and is based on BIP-0044.
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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.
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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.
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==Motivation==
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==Motivation==
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@ -234,7 +232,8 @@ Verification operation will succeed only if we use identical documents to ones t
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==Compatibility==
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==Compatibility==
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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.
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This specification is not backward compatibile with BIP32 specification, the proposed derivation scheme in this BIP is a BIP32 compliant.
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Communication between payor and payee as well as hashing the contract and generating the path requires significant modification to the wallet.
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==Reference implementations==
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==Reference implementations==
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