==== BIP 0016 - Pay to Script Hash (soft fork) ==== [[dido:public:ra:xapend:xapend.b_stds:defact:bitcoin:bips| return to the Bitcoin Improvement Proposals ]] | Title | Pay to Script Hash | | Layer | Consensus (soft fork) | | Author | Gavin Andresen | | Comments-Summary | No comments yet. | | Comments-URI | [[https://github.com/bitcoin/bips/wiki/Comments:BIP-0016]] | | Status | Final | | Type | Standards Track | | Created | 2012-01-03 | | Post History | | | Description | [[https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki]] |
Data sheet for Pay to Script Hash
: **Note**: The following is an excerpt from the official [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|Bitcoin]] site. It is provided here as a convenience and is not authoritative. Refer to the original document(s) as the authoritative reference. === Abstract === : //This BIP describes a new "standard" transaction type for the Bitcoin scripting system, and defines additional [[dido:public:ra:xapend:xapend.a_glossary:v:validation|validation]] rules that apply only to the new transactions.// === Motivation === : //The purpose of pay-to-script-hash is to move the responsibility for supplying the conditions to redeem a transaction from the sender of the funds to the redeemer.// : //The benefit is allowing a sender to fund any arbitrary transaction, no matter how complicated, using a fixed-length 20-byte hash that is short enough to scan from a QR code or easily copied and pasted.//