KIP-0026: Key Derivation and Mnemonic encoding methods

[Takadenoshi]

Introduces a standard for key derivation and encoding mnemonic phrases.

Summary from abstract:

• Derivation: SLIP-10 with derivation path m/44'/626'/a'.
• Mnemonics: BIP-39, 24 words, English wordlist, empty passphrase.

Pending: test cases, backwards compatibility section

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[dfordivam]

@Takadenoshi here is my resposne to your queries
using m/44'/626'/a' is ok from the Ledger wallet point of view. Using SLIP-0100 is not the default in Ledger, but is supported. You may also see my prior response on this topic here obsidiansystems/ledger-app-kadena#33

[Takadenoshi]

Using SLIP-0100 is not the default in Ledger, but is supported.

@dfordivam Thanks!

Q: The not-default part is regarding Ledger not enforcing hardened child keys/segments, right? Is the derivation algorithm is still identical to SLIP-0010 for hardened keys?

[dfordivam]

Is the derivation algorithm is still identical to SLIP-0010 for hardened keys?

No, the algorithm is different and incompatible with the default algorithm (currently in use in ledger-app-kadena)

[edmundnoble]

The KIP council resolves to accept this KIP as it consists of standard technology that is adopted by wallets across blockchain ecosystems, and so that future wallets can be interoperable as well. In addition, it has already been adopted by the Kadena's Chainweaver 3.