From 4f4d1049a288592079443fda6dbdf74bd272f48d Mon Sep 17 00:00:00 2001 From: "drusselloctal@gmail.com" Date: Sat, 1 Nov 2014 11:33:15 -0700 Subject: [PATCH] Made changes to ch04.asciidoc --- ch04.asciidoc | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/ch04.asciidoc b/ch04.asciidoc index 5c8f2e0a..d4d73f4a 100644 --- a/ch04.asciidoc +++ b/ch04.asciidoc @@ -763,11 +763,11 @@ Two Bitcoin Improvement Proposals (BIPs) offer a solution to this complexity, by Extending that specification, BIP0044 proposes a multiaccount structure as "purpose" number +44'+ under BIP0043. All HD wallets following the BIP0044 structure are identified by the fact that they only used one branch of the tree: m/44'/. -BIP0044 specifies the structure as consisting of five pre-defined tree levels: +BIP0044 specifies the structure as consisting of five predefined tree levels: +m / purpose' / coin_type' / account' / change / address_index+ -The first level "purpose" is always set to +44'+. The second level "coin_type" specifies the type of crypto-currency coin, allowing for multicurrency HD wallets where each currency has its own subtree under the second level. There are three currencies defined for now: Bitcoin is m/44'/0', Bitcoin Testnet is m/44'/1' and Litecoin is m/44'/2'. +The first level "purpose" is always set to +44'+. The second level "coin_type" specifies the type of crypto-currency coin, allowing for multicurrency HD wallets where each currency has its own subtree under the second level. There are three currencies defined for now: Bitcoin is m/44'/0', Bitcoin Testnet is m/44'/1′ and Litecoin is m/44'/2′. The third level of the tree is "account," which allows users to subdivide their wallets into separate logical subaccounts, for accounting or organizational purposes. For example, an HD wallet might contain two bitcoin "accounts": m/44'/0'/0' and m/44'/0'/1'. Each account is the root of its own subtree.