Luke-Jr [ARCHIVE] on Nostr: 📅 Original date posted:2011-12-10 🗒️ Summary of this message: A proposal ...

📅 Original date posted:2011-12-10
🗒️ Summary of this message: A proposal suggests using bits to define network class and network for compatibility with Namecoin addresses, leaving the rest up to the network.
📝 Original message:This should make it compatible with Namecoin addresses...

Here's a revised proposal:
* Bits 128/64 define network class
** 0 = main network
** 64,128 = reserved
** 192 = test network
* Bits 32/16 define network
** 0 = Bitcoin
** 16 = reserved
** 32 = OTHER (next octet)
** 48 = Namecoin

The rest is left up to the network to decide; for Bitcoin, it is:
* Bits 8/4/2 define data class
** 0 = Public key hash
** 2 = reserved
** 4 = Script hash
** 6 = Public key (raw)
** 8 = Signature
** 10 = reserved
** 12 = Private key (raw)
** 14 = OTHER (next octet)
* Bit 1 is freely chosen (for aesthetic assignment)