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trezor-firmware/docs/misc/purpose48.md

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# Purpose48 derivation scheme
Per [BIP-43], the first level of the derivation path is used as a "purpose". The purpose
number is usually selected to match the BIP number: e.g., BIP-49 uses purpose `49'`.
There is no officially proposed **BIP-48** standard. Despite that, a de-facto standard
for the purpose `48'` exists in the wild and is implemented by several HD wallets, most
notably [Electrum]. This standard was never before formally
specified, and this document aims to rectify the situation.
## Motivation
Purpose48 is intended for multisig scenarios. It allows using multiple script types from
a single logical account or root key, while keeping multisig keys separate from
single-sig keys.
## Specification
The following BIP-32 path levels are defined:
```
m / 48' / coin_type' / account' / script_type' / change / address_index
```
Meaning of all fields except `script_type` is defined in [BIP-44]
`script_type` can have the following values:
* `0`: raw [BIP-11] (p2ms) multisig
* `1`: p2sh-wrapped segwit multisig (p2wsh-p2sh)
* `2`: native segwit multisig (p2wsh)
The path derivation is hardened up to and including the `script_type` field.
## Trezor implementation
`script_type` value `0` corresponds to `SPENDMULTISIG`/`PAYTOMULTISIG`.
Value `1` corresponds to `SPENDP2SHWITNESS`/`PAYTOP2SHWITNESS`.
Value `2` corresponds to `SPENDWITNESS`/`PAYTOWITNESS`.
## References
Electrum implementation: https://github.com/spesmilo/electrum/blob/9931df9f254e49eb929723be62af61971b3032c8/electrum/keystore.py#L862-L889
Trezor implementation: TBD
[Electrum]: https://electrum.org/
[BIP-11]: https://github.com/bitcoin/bips/blob/master/bip-0011.mediawiki
[BIP-43]: https://github.com/bitcoin/bips/blob/master/bip-0043.mediawiki
[BIP-44]: https://github.com/bitcoin/bips/blob/master/bip-0044.mediawiki