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myarbrough@oreilly.com 2014-11-18 07:59:24 -08:00
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@ -351,7 +351,7 @@ The five standard types of transaction scripts are pay-to-public-key hash (P2PKH
[[p2pkh]]
==== Pay-to-Public-Key Hash (P2PKH)
((("pay-to-public-key hash (P2PKH)", id="ix_ch05-asciidoc15", range="startofrange")))((("transactions","pay-to-public-key hash", id="ix_ch05-asciidoc16", range="startofrange")))The vast majority of transactions processed on the bitcoin network are pay-to-public-key hash, also known as P2PKH transactions. These contain a locking script that encumbers the output with a public key hash, more commonly known as a bitcoin address. Transactions that pay a bitcoin address contain P2PKH scripts. An output locked by a P2PKH script can be unlocked (spent) by presenting a public key and a digital signature created by the corresponding private key.
((("pay-to-public-key hash (P2PKH)", id="ix_ch05-asciidoc15", range="startofrange")))((("transactions","pay-to-public-key hash", id="ix_ch05-asciidoc16", range="startofrange")))The vast majority of transactions processed on the bitcoin network are P2PKH transactions. These contain a locking script that encumbers the output with a public key hash, more commonly known as a bitcoin address. Transactions that pay a bitcoin address contain P2PKH scripts. An output locked by a P2PKH script can be unlocked (spent) by presenting a public key and a digital signature created by the corresponding private key.
For example, let's look at Alice's payment to Bob's Cafe again. Alice made a payment of 0.015 bitcoin to the cafe's bitcoin address. That transaction output would have a locking script of the form:
@ -379,11 +379,11 @@ When executed, this combined script will evaluate to TRUE if, and only if, the u
<<P2PubKHash1>> and <<P2PubKHash2>> show (in two parts) a step-by-step execution of the combined script, which will prove this is a valid transaction.(((range="endofrange", startref="ix_ch05-asciidoc16")))(((range="endofrange", startref="ix_ch05-asciidoc15")))
[[P2PubKHash1]]
.Evaluating a script for a Pay-to-Public-Key-Hash transaction (Part 1 of 2)
.Evaluating a script for a P2PKH transaction (Part 1 of 2)
image::images/msbt_0503.png["Tx_Script_P2PubKeyHash_1"]
[[P2PubKHash2]]
.Evaluating a script for a Pay-to-Public-Key-Hash transaction (Part 2 of 2)
.Evaluating a script for a P2PKH transaction (Part 2 of 2)
image::images/msbt_0504.png["Tx_Script_P2PubKeyHash_2"]
[[p2pk]]