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Michael Folkson
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Murch
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XPRIV/XPUB type for P2TR

As far as I understand, there is a standard that describes what address types an extended private key or extended public key is intended to derive and it works as such:

  • xpriv/xpub => Legacy address (1...)
  • ypriv/ypub => nested SegWit address (3...)
  • zpriv/zpub => native SegWit address (bc1q...)

So regarding this, I have 2 questions:

  1. What is the name or BIP number of this standard?
  2. What does an extended public key look like, that is intended to be used for P2TR addresses (bc1p...)?