15min chapter

Bitcoin Explained - The Technical Side of Bitcoin cover image

Episode 75: Multisig (And Musig)

Bitcoin Explained - The Technical Side of Bitcoin

CHAPTER

Understanding Multisig Addresses in Bitcoin

The chapter explores the concept of multisig addresses in Bitcoin, where funds can be secured by distributing them across multiple keys. It discusses the history, implementation, and functioning of multisig in Bitcoin, highlighting the challenges faced with the original model and the changes made to the protocol. The evolution of different types of multisig processes, limits set by Satoshi and Gavin, and the technical complexities involved in multisig transactions are also covered.

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