treasurykey

README

treasurykey

THIS TOOL IS FOR NETWORK OPERATORS ONLY.

DO NOT USE

The treasurykey utility is used to generate treasury keys that enable spending from the treasury account.

The tool takes a single flag to designate which network it is generating a key for.

It prints out three values:

1. A serialized private key
2. The serialized public key
3. The WIF (Wallet Interchange Format) version of the private key.

This information must be stored in a secure location.

The public key will be hardcoded inside dcrd and dcrwallet. Both daemons will use it to identify valid treasury spend transactions.

The WIF must be imported into the dcrwallet that will generate TSPEND transactions.

For example:

Generate key.

$ treasurykey -mainnet  
Private key: 9bcf82e4b267585b3f0c54632d7e8eef2fc13407dfdbf7a80398085f5851baa0
Public  key: 03f31aa7013b3c3e8568eb6415a895d8662b5ddceff12a62bf77c01e3e451a332f
WIF        : PmQeT3VmoxDRjgsfwVJLV13ioNyxmd9XuQmQu86UPiQQAn5XkRfLN

Import key into treasury wallet.

dcrctl --wallet importprivkey PmQeT3VmoxDRjgsfwVJLV13ioNyxmd9XuQmQu86UPiQQAn5XkRfLN imported false

It is suggested to repeat this process so that there are at least two valid keys.

Why?

This approach was chosen in order to generate independent random keys. If the treasury wallet machine were to be compromised the seed would be compromised as well.