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It is not possible to maintain one single (mnemonic) seed backup for all keychains used across various wallets because there are a variety of incompatible standards. Sharing of seeds across multiple wallets is not desirable for security reasons. Physical storage of multiple seeds is difficult depending on the security and redundancy required.
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As HD keychains are essentially derived from initial entropy, this proposal provides a way to derive entropy from the keychain which can be fed into whatever method a wallet uses to derive the initial mnemonic seed or root key.
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Version History:
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bip-0085@v1
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commit 96927344e7a50116aceab6c0f648362cc3bab296
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Author: Ethan Kosakovsky <[email protected]>
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Date: Sat Apr 11 11:29:51 2020 +0000
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Initial commit of entropy BIP

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