trezor-firmware/docs/misc/coins-bip44-paths.md

BIP-44 derivation paths

Each coin uses BIP-44 derivation path scheme. If the coin is UTXO-based the path should have all five parts, precisely as defined in BIP-32. If it is account-based we follow Stellar's SEP-0005 - paths have only three parts 44'/c'/a'. Unfortunately, lot of exceptions occur due to compatibility reasons.

Keys are derived according to SLIP-10, which is a superset of the BIP-32 derivation algorithm, extended to work on other curves.

List of used derivation paths

coin	curve	path	public node	note
Bitcoin	secp256k1	44'/c'/a'/y/i	yes	1
Ethereum	secp256k1	44'/c'/0'/0/a	yes	2
Ethereum	secp256k1	44'/c'/0'/a	yes	2
Ripple	secp256k1	44'/144'/a'/0/0		3
EOS	secp256k1	44'/194'/a'/0/0		3
Binance	secp256k1	44'/714'/a'/0/0		3
Tron	secp256k1	TODO		TODO
Ontology	nist256p1	TODO		TODO
Cardano	ed25519	44'/1815'/a'/y/i	yes	4
Stellar	ed25519	44'/148'/a'
NEM	ed25519	44'/43'/a'		5
Monero	ed25519	44'/128'/a'
Tezos	ed25519	44'/1729'/a'		6

c stands for the SLIP-44 id of the currency, when multiple currencies are handled by the same code. a is an account number, y is change address indicator (must be 0 or 1), and i is address index.

Paths that do not conform to this table are allowed, but user needs to confirm a warning on Trezor.

Public nodes

Some currencies allow exporting a public node, which lets the client derive all non-hardened paths below it. In that case, the conforming path is equal to the hardened prefix.

I.e., for Bitcoin's path 44'/c'/a'/y/i, the allowed public node path is 44'/c'/a'.

Trezor does not check if the path is followed by other non-hardened items (anyone can derive those anyway). This is beneficial for Ethereum and its MEW compatibility, which sends 44'/60'/0'/0 for getPublicKey.

Notes

1. For Bitcoin and its derivatives it is a little bit more complicated. p is decided based on the following table:

   p	type	input script type
   44	legacy	SPENDADDRESS
   48	legacy multisig	SPENDMULTISIG
   49	p2sh segwit	SPENDP2SHWITNESS
   84	native segwit	SPENDWITNESS

   Other p are disallowed.

2. We believe this should be 44'/c'/a', because Ethereum is account-based, rather than UTXO-based. Unfortunately, lot of Ethereum tools (MEW, Metamask) do not use such scheme and set a = 0 and then iterate the address index i. Therefore for compatibility reasons we use the same scheme. Also to support "Ledger Live" legacy paths we allow 44'/60'/0'/a paths.

3. Similar to Ethereum this should be 44'/c'/a'. But for compatibility with other HW vendors we use 44'/c'/a'/0/0.

4. Cardano has CIP-0003 algorithm that allows non-hardened derivation on ed25519.

5. NEM's path should be 44'/43'/a' as per SEP-0005, but we allow 44'/43'/a'/0'/0' as well for compatibility reasons with NanoWallet.

6. Tezos supports multiple curves, but Trezor currently supports ed25519 only.

Sign message paths are validated in the same way as the sign tx paths are.

Allowed values

For UTXO-based currencies, account number a needs to be in the interval [0, 20] and address index i in the interval [0, 1 000 000].

For account-based currencies (i.e., those that do not use address indexes), account number a needs to be in the interval [0, 1 000 000]