From be23e23bd730870b62b52fac0566df36fdeb3c3c Mon Sep 17 00:00:00 2001 From: "Minh T. Nguyen" Date: Wed, 25 Jun 2014 22:40:59 -0700 Subject: [PATCH] Changing Winter 2012 to late 2012, since Winter has a different time implications in other countries such as Australia --- ch05.asciidoc | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ch05.asciidoc b/ch05.asciidoc index 0b2e5308..0d16d16e 100644 --- a/ch05.asciidoc +++ b/ch05.asciidoc @@ -382,7 +382,7 @@ A valid transaction can have only one OP_RETURN output. However, a single OP_RET [[p2sh]] ==== Pay to Script Hash (P2SH) -Pay-to-Script-Hash (P2SH) was introduced in the winter of 2012 as a powerful new type of transaction that greatly simplifies the use of complex transaction scripts. To explain the need for P2SH, let's look at a practical example. +Pay-to-Script-Hash (P2SH) was introduced late 2012 as a powerful new type of transaction that greatly simplifies the use of complex transaction scripts. To explain the need for P2SH, let's look at a practical example. In chapter 1 we introduced Mohammed, an electronics importer based in Dubai. Mohammed's company uses bitcoin's multi-signature feature extensively for its corporate accounts. Multi-signature scripts are one of the most common uses of bitcoin's advanced scripting capabilities and are a very powerful feature. Mohammed's company uses a multi-signature script for all customer payments, known in accounting terms as "accounts receivable" or AR. With the multi-signature scheme, any payments made by customers are locked in such a way that they require at least two signatures to release, from Mohammed and one of his partners or from his attorney who has a backup key. A multi-signature scheme like that offers corporate governance controls and protects against theft, embezzlement or loss.