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removed temp BIP number
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omarshibli committed Sep 16, 2017
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<pre>
BIP: 999*
BIP: TBD
Layer: Applications
Title: Pay to Contract Protocol
Author: Omar Shibli <[email protected]>
Nicholas Gregory <[email protected]>
Comments-Summary: No comments yet.
Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0999
Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-TBD
Status: Draft
Type: Informational Track
Created: 2017-07-17
License: BSD-2-Clause
</pre>

&ast; 999 is a temporary BIP number.

==Abstract==

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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===Purpose===

Purpose is a constant set to <code>999'</code> (or <code>0x800003E7</code>) following the BIP-0043 recommendation. It indicates that the subtree of this node is used according to this specification.
Purpose is a constant set to <code>TBD'</code> (or <code>TBD</code>) following the BIP-0043 recommendation. It indicates that the subtree of this node is used according to this specification.

<code>
m / 999' / *
m / TBD' / *
</code>

Hardened derivation is used at this level.
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