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dido:public:ra:xapend:xapend.b_stds:defact:bitcoin:bips:bip_0016
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BIP 0016 - Pay to Script Hash (soft fork)
return to the Bitcoin Improvement Proposals
Table 1: Data sheet for Pay to Script Hash
| 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 |
- Note: The following is an excerpt from the official 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 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.
dido/public/ra/xapend/xapend.b_stds/defact/bitcoin/bips/bip_0016.txt · Last modified: 2021/08/18 11:03 by murphy
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