for the key vout, which should have a json array as its value. Setup: Wallet 1: Alice on her phone or computer (with backup). This private key will be important later in the explanation. Up until, bitcoin Core.10.0, P2SH multisig scripts were standard transactions, but most other P2SH scripts were not. Wallet 2: Bob on his phone or computer (with backup) Wallet 3: Emma on her phone or computer (with backup) How to do it: Emma could be a person or company. She can no longer take the money bitcoin tulppaanin sipuleita back after the goods have been shipped, as she only has one of the needed three signatures.
Bigger multi-signature transactions are possible for bigger organizations, such as 3-of-5, 5-of-9, etc. Copy, paste, and save the address and redeemScript values somewhere as well need them in a bit. So here the index is equal. Coinbase also offers 2-of-3 and 3-of-5 multisig, which they call. If something goes wrong, they can sign a transaction to refund the buyer. The most popular kinds of non-standard Bitcoin accounts are multisignature (multisig) accounts. Be sure to type the apostrophes and"s exactly as I have, and substitute for the public keys you got from validateaddress. Anyways, the value for hex we want is thus Remember when we created the multisig address one of the values that was returned was something called the redeemScript? The company, for security reasons, would not want a single one of its employees to have access to the company BTC wallet's password. Specific to Bitcoin, for example, has 2-of-2 and 2-of-3 accounts (requiring at least two keys to authorize a transaction).
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