Merge pull request #443 from philippgille/patch-1

Add detail to a benefit of P2SH
pull/400/merge
Will Binns 6 years ago committed by GitHub
commit f0a57a71ff
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23

@ -172,7 +172,7 @@ P2SH addresses hide all of the complexity, so that the person making a payment d
* Complex scripts are replaced by shorter fingerprints in the transaction output, making the transaction smaller.
* Scripts can be coded as an address, so the sender and the sender's wallet don't need complex engineering to implement P2SH.
* P2SH shifts the burden of constructing the script to the recipient, not the sender.
* P2SH shifts the burden in data storage for the long script from the output (which is in the UTXO set) to the input (stored on the blockchain).
* P2SH shifts the burden in data storage for the long script from the output (which additionally to being stored on the blockchain is in the UTXO set) to the input (only stored on the blockchain).
* P2SH shifts the burden in data storage for the long script from the present time (payment) to a future time (when it is spent).
* P2SH shifts the transaction fee cost of a long script from the sender to the recipient, who has to include the long redeem script to spend it.

Loading…
Cancel
Save