@ -530,7 +530,7 @@ Using this construct, we can build redeem scripts with tens or hundreds of execu
((("import/export applications")))((("use cases", "import/export")))((("transactions", "use cases", "import/export")))Our example uses the story of Mohammed, the company owner in Dubai who is operating an import/export business.
In this example, Mohammed wishes to construct a company capital account with flexible rules. The scheme he creates requires different levels of authorization depending on timelocks. The participants in the multisig scheme are Mohammed, his two partners Saeed and Zaira, and their company lawyer Abdul. The three partners make decisions based on a majority rule, so two of three must agree. However, in the case of a problem with their keys, they want their lawyer to be able to recover the funds with one of the three partner signatures. Finally, if all partners are unavailable or incapacitated for a while, they want the lawyer to be able to manage the account directly.
((("transactions", "advanced", "multisignature scripts")))((("scripting", "multisignature scripts", "import/export example")))((("multisignature scripts")))In this example, Mohammed wishes to construct a company capital account with flexible rules. The scheme he creates requires different levels of authorization depending on timelocks. The participants in the multisig scheme are Mohammed, his two partners Saeed and Zaira, and their company lawyer Abdul. The three partners make decisions based on a majority rule, so two of three must agree. However, in the case of a problem with their keys, they want their lawyer to be able to recover the funds with one of the three partner signatures. Finally, if all partners are unavailable or incapacitated for a while, they want the lawyer to be able to manage the account directly.
Here's the script that Mohammed designs to achieve this:
judymcconville@roadrunner.com
7 years ago