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Update 6_1_Sending_a_Transaction_to_a_Multisig.md

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Shannon Appelcline 2017-05-17 16:06:34 -07:00 committed by GitHub
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6_1_Sending_a_Transaction_to_a_Multisig.md

@ -86,6 +86,8 @@ The _redeemScript_ is what you need to redeem the funds, along with the private
_What is a P2SH address?_ P2SH stands for Pay-to-script. It's a different type of receipient than the standard P2PKH address, used for funds whose redemption are based on more complex Bitcoin Scripts. `bitcoin-cli` uses P2SH encapsulation to help standardize and simplify its multisigs.
> **WARNING:** P2SH multisig addresses, like the ones created by `bitcoin-cli`, have a limit for "m" and "n" in multisigs based on the maximum size of the redeem script, which is currently 520 bytes. Pratically, you won't hit this unless you're doing something excessive.
### Save Your Work
Here's an important caveat: nothing about your multisig is saved into your wallet using these basic techniques. In order to later redeem money sent to this multisignature address, you're going to need to retain two crucial bits of information: