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06_0_Expanding_Bitcoin_Transactions_Multisigs.md
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# Chapter Six: Expanding Bitcoin Transactions # Chapter Six: Expanding Bitcoin Transactions with Multisigs.
Basic bitcoin transactions: (1) send funds; (2) to a single P2PKH or SegWit recipient; (3) immediately. However, all three parts of this definition can be expanded using more complex Bitcoin transactions, which can alternatively send data, which can send to a group of recipients, or which can send at a later time. These three options represent further empowerment of Bitcoin and also the furthest boundaries of what you can do with the basic `bitcoin-cli` command. Basic bitcoin transactions: (1) send funds; (2) to a single P2PKH or SegWit recipient; (3) from a single machine; (4) immediately. However, all four parts of this definition can be expanded using more complex Bitcoin transactions. This first chapter on "Expansion" shows how to vary points (2) and (3), by sending money to an address that represents multiple recipients (or at least, multiple signers).
## Objectives for This Section ## Objectives for This Section
After working through this chapter, a developer will be able to: After working through this chapter, a developer will be able to:
* Create Multisignature Bitcoin Addresses * Create Multisignature Bitcoin Addresses Using Bitcoin Fundamentals
* Create Transactions with Locktimes * Create Multisignature Bitcoin Addresses Using Easiser Mechanisms
* Create Transactions with Data
Supporting objectives include the ability to: Supporting objectives include the ability to:
* Understand How to Spend Funds Sent to a Multisignature * Understand How to Spend Funds Sent to a Multisignature
* Plan for the Power of Multisignatures * Plan for the Power of Multisignatures
* Understand the Different Sorts of Timelocks
* Plan for the Power of Locktime
* Plan for the Power of OP_RETURN
## Table of Contents ## Table of Contents
* [Section One: Sending a Transaction with a Multsig](06_1_Sending_a_Transaction_to_a_Multisig.md) * [Section One: Sending a Transaction with a Multsig](06_1_Sending_a_Transaction_to_a_Multisig.md)
* [Section Two: Spending a Transaction with a Multsig](06_2_Spending_a_Transaction_to_a_Multisig.md) * [Section Two: Spending a Transaction with a Multsig](06_2_Spending_a_Transaction_to_a_Multisig.md)
* [Section Three: Sending & Spending an Automated Multisig](06_3_Sending_an_Automated_Multisig.md) * [Section Three: Sending & Spending an Automated Multisig](06_3_Sending_an_Automated_Multisig.md)
* [Section Four: Sending a Transaction with a Locktime](06_4_Sending_a_Transaction_with_a_Locktime.md)
* [Section Five: Sending a Transaction with Data](06_5_Sending_a_Transaction_with_Data.md)