flywithu/Learning-Bitcoin-from-the-Command-Line
1
1
Fork 0
mirror of https://github.com/ChristopherA/Learning-Bitcoin-from-the-Command-Line.git synced 2025-06-07 07:56:31 +00:00
Code Issues Releases Wiki Activity

Update 06_1_Sending_a_Transaction_to_a_Multisig.md

Browse Source
This commit is contained in:
Shannon Appelcline 2020-07-07 14:36:10 -10:00 committed by GitHub
parent 7c0cdf0b16
commit 0b61b00f64
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 1 additions and 1 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
06_1_Sending_a_Transaction_to_a_Multisig.md
View File

@ -10,7 +10,7 @@ In a typical P2PKH or SegWit transaction, bitcoins are sent to an address based
> :book: ***What is a multisignature?*** A multisignature is a methodology that allows more than one person to jointly create a digital signature. It's a general technique for the cryptographic use of keys that goes far beyond Bitcoin.
Technically, a multisignature cryptographic puzzle is created by Bitcoin using the OP_CHECKMULTISIG command, and typically that's encapsulated in a P2SH address. [§8.4: Scripting a Multisig](08_4_Scripting_a_Multisig.md) will detail how that works more precisely. For now, all you need to know is that you can use `bitcoin-cli` command to create multisignature addresses; funds can be mailed to these addresses just like any normal P2PKH address, but multiple private keys will be required for the redemption of the funds.
Technically, a multisignature cryptographic puzzle is created by Bitcoin using the OP_CHECKMULTISIG command, and typically that's encapsulated in a P2SH address. [§10.4: Scripting a Multisig](10_4_Scripting_a_Multisig.md) will detail how that works more precisely. For now, all you need to know is that you can use `bitcoin-cli` command to create multisignature addresses; funds can be mailed to these addresses just like any normal P2PKH address, but multiple private keys will be required for the redemption of the funds.
> :book: ***What is a multisignature transaction?*** A multisignature transaction is a Bitcoin transaction that has been sent to a multisignature address, thus requiring the signatures of certain people from the multisignature group to reuse the funds.