Why do most multisig wallets use m/48'/0'/0'/2 as a derivation path ?

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Bitcoin Wallet hardware-wallet wallet-service Blockchain

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  • slips

    SatoshiLabs Improvement Proposals

    • Couldnt quite find the answer myself, but perhaps this can help: https://github.com/satoshilabs/slips/blob/master/slip-0048.md

  • bips

    Bitcoin Improvement Proposals

    • An old pull-request for BIP-44 for multisig, never accepted: https://github.com/bitcoin/bips/pull/253/files

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  • wallet

    Bitpay Wallet (formerly Copay) is a secure Bitcoin and other crypto currencies wallet platform for both desktop and mobile devices.

    • https://github.com/bitpay/wallet#wallet-export-format copay wallet previously used BIP-45 and switched to m48' based derivation very similar to BIP-44.

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