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arnabmitra/BIP specs

Created June 6, 2021 00:33
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BIP specs
BIP32 - is a method for generating a tree of private keys from a master private key.
BIP39 - is a method for encoding 128-256 bits of random data into 12-24 word phrases from a list of interchangeable 2018 words, and then turn those phrases into a 64-byte hash.
BIP44 - is a method for structuring a private key tree in a specific way that will facilitate usage/restoration/discovery of multiple accounts for multiple purposes.
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