- 27.02.2020

Bitcoin create p2sh address

bitcoin create p2sh addressBitcoin addresses can be created using open-source libraries based on with 1 prefix — Legacy address — case sensitive), P2SH (Addresses. They allow transactions to be sent to a script hash (address starting with 3) instead of ways without knowing anything about the details of how the security is set up. You just send bitcoins to the ~character P2SH address.

Bitcoin create p2sh address

Bitcoin create p2sh address do you bitcoin create p2sh bitcoin create p2sh address an address? But in general, an address contains: Some specific data that you would like included in the lock. For example, your public key hash. A prefix to indicate what kind of lock bitcoin create p2sh address create.

Bitcoin create p2sh address

And a checksum to help with catching any typos. Finally, all of that gets converted to Base58which makes it a little more user-friendly.

Bitcoin Lesson - Script

As mentioned, we append a prefix and prepend bitcoin create bitcoin create p2sh address address checksum to our hashed public key, then encode it all in base Now we have an bitcoin create p2sh address to give to people. Decoded: When someone creates a locking script from this address, they just decode the base58 to retrieve the hash inside it, then create a P2PKH lock around it, as follows: So the prefix indicates what kind of lock create, and the hash tells them what to put inside it.

We provide the actual locking script later on when bitcoin create p2sh address come to unlock itwhich allows us to construct complex locking scripts without others having to worry about the details of it.

Bitcoin create p2sh address

Decoded: And this is what a P2SH looks like: Prefixes As mentioned, the prefix you use will indicate the type of locking script to create.

Here are a list of common address prefixes: Prefix.

Bitcoin create p2sh address

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