the funds are unspendable until a set date and time has passed. Bitcoin protocol and constructing a Pay-to-PubKeyHash (P2PKH) transaction, so I won't cover things covered there in any great detail. One of the criticisms of our first products was the fact that our coins werent trustless. Then you continue as below: Choose I already have a seed: Enter your seed and click next when you are done: Electrum will show you your MPK again. Due to the nature of multisig wallets it is likely that the different co-signers will create their wallet at different times when it is most convenient to them.
Bitcoin, stack Exchange is a question and answer site for. Why is 20 the maximum public keys in a multisig transaction. Toggle navigation, bitcoin MultiSig.
A couple of important notes, especially for troubleshooting, on how this raw transaction is created: Ken talks in his post about how there is a temporary scriptSig when signing the raw transaction, before a signature (and hence final scriptSig) is available. If you are looking to buy some Bitcoin try. In many ways, this is a follow up to Ken's amazing explanation of the. We now have a scriptPubKey of the form: OP_hash160 redeemScriptHash OP_equal Remember that OP_hash160 in Bitcoin Script is just a ripemd160(SHA256 function. This means that it can take up more than the usual one byte length if needed. We must also provide the original redeem script. This has a number of advantages: The sender can fund any arbitrary redeem script without knowing what those spending conditions are. Communicate this to your co-signers to verify that they too get the same address in their wallet. Spending our multisig P2SH funds Now we want to be able to spend our P2SH multisig funds. Note: Multisig wallets are for advanced users only. RedeemScriptHash is added to the stack.
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