@ -12,7 +12,7 @@ First, we will look at _multisignature_ scripts. Next we will examine the second
[[multisig]]
=== Multisignature
((("transactions", "advanced", "multisignature scrips")))((("transactions", "advanced", id="Tadv07")))((("scripting", "multisgnature scripts", id="Smulti07")))Multisignature scripts set a condition where N public keys are recorded in the script and at least M of those must provide signatures to release the encumbrance. This is also known as an M-of-N scheme, where N is the total number of keys and M is the threshold of signatures required for validation. For example, a 2-of-3 multisignature is one where three public keys are listed as potential signers and at least two of those must be used to create signatures for a valid transaction to spend the funds. At this time, standard multisignature scripts are limited to at most 15 listed public keys, meaning you can do anything from a 1-of-1 to a 15-of-15 multisignature or any combination within that range. The limitation to 15 listed keys might be lifted by the time this book is published, so check the +isStandard()+ function to see what is currently accepted by the network.
((("transactions", "advanced", "multisignature scrips")))((("transactions", "advanced", id="Tadv07")))((("scripting", "multisignature scripts", id="Smulti07")))((("multisignature scripts")))Multisignature scripts set a condition where N public keys are recorded in the script and at least M of those must provide signatures to release the encumbrance. This is also known as an M-of-N scheme, where N is the total number of keys and M is the threshold of signatures required for validation. For example, a 2-of-3 multisignature is one where three public keys are listed as potential signers and at least two of those must be used to create signatures for a valid transaction to spend the funds. At this time, standard multisignature scripts are limited to at most 15 listed public keys, meaning you can do anything from a 1-of-1 to a 15-of-15 multisignature or any combination within that range. The limitation to 15 listed keys might be lifted by the time this book is published, so check the +isStandard()+ function to see what is currently accepted by the network.
The general form of a locking script setting an M-of-N multisignature condition is:
judymcconville@roadrunner.com
7 years ago