I would like to address a issue of logic here. If P2SH transactions take up more space because they use more inputs, and SW only offers advantageous discounts to P2SH (multisig), then where will the real savings come from? /r/Bitcoin
The P2SH script function is most commonly used for multisig addresses which can specify, for example, that multiple digital signatures are required to authorize the transaction. Pay to script hash (P2SH) transactions were standardised in BIP 16.They allow transactions to be sent to a script hash (address starting with 3) instead of a public key hash (addresses starting with 1).To spend bitcoins sent via P2SH, the recipient must provide a script matching the script hash and data which makes the script evaluate to true.. Using P2SH, you can send bitcoins to an address P2SH (Pay-To-Script Hash) is an easy way to represent a scriptPubKey as a simple BitcoinScriptAddress, no matter how complicated it is in terms of it's underlying m-of-n signature set up.. Using P2SH, you can send bitcoins to an address that is secured in various unusual ways without knowing anything about the details of how the security is set up. Bitcoin multisig the hard way: Understanding raw P2SH multisig transactions 20 December 2014 Recently, inspired by Ken Shirriff's and Bryce Neal's low level looks at the Bitcoin protocol, I set about constructing Bitcoin's much talked about multisignature transactions from scratch to understand their capabilities and limitations. Since early 2012, Bitcoin has had an alternative to single-key addresses. Around that time, a new type of address called pay-to-script-hash (P2SH) was defined and standardized. P2SH addresses can be recognized by the fact that they begin with a “3” instead of a “1.”
Use dogecoinmultisig.org to Withdraw from 1/2 Multisig
Demonstration of creating a new key for a multisig account without sharing that secret key with us. I used BIP32.org to make the key, and Brainwallet to sign the verification message. Read more ... This is useful if you want more than one person to be required to 'sign off' or 'authorize' any outgoing Bitcoin wallet transaction. This is also a great security measure for your own personal ... Slides: http://www.slideshare.net/bencxr/multisig-deep-dive Ben Chan from BitGo discusses P2SH and the concepts behind many different multi-sig models that a... Bitcoin SF Devs Multisig Transaction class with Andreas Antonopoulos covering simple transactions,simple multisig transactions and P2SH transactions in bitcoin A RAW PPT of this presentation can ... Bitcoin Multisig and P2SH Transactions with Andreas Antonopoulos 01 13 14 SF Bitcoin Developers. ... 🔴 [LIVE] Bitcoin Halving 2020 news, Altcoin trading, Global Crisis?