diff options
Diffstat (limited to 'bip-0141.mediawiki')
| -rw-r--r-- | bip-0141.mediawiki | 2 |
1 files changed, 1 insertions, 1 deletions
diff --git a/bip-0141.mediawiki b/bip-0141.mediawiki index 21df5bb..adcf9a9 100644 --- a/bip-0141.mediawiki +++ b/bip-0141.mediawiki @@ -249,7 +249,7 @@ Segregated witness fixes the problem of transaction malleability fundamentally, Two parties, Alice and Bob, may agree to send certain amount of Bitcoin to a 2-of-2 multisig output (the "funding transaction"). Without signing the funding transaction, they may create another transaction, time-locked in the future, spending the 2-of-2 multisig output to third account(s) (the "spending transaction"). Alice and Bob will sign the spending transaction and exchange the signatures. After examining the signatures, they will sign and commit the funding transaction to the blockchain. Without further action, the spending transaction will be confirmed after the lock-time and release the funding according to the original contract. It also retains the flexibility of revoking the original contract before the lock-time, by another spending transaction with shorter lock-time, but only with mutual-agreement of both parties. -Such setups is not possible with BIP62 as the malleability fix, since the spending transaction could not be created without both parties first signing the funding transaction. If Alice reveals the funding transaction signature before Bob does, Bob is able to lock up the funding indefinitely without ever signing the spending transaction. +Such setups are not possible with BIP62 as the malleability fix, since the spending transaction could not be created without both parties first signing the funding transaction. If Alice reveals the funding transaction signature before Bob does, Bob is able to lock up the funding indefinitely without ever signing the spending transaction. Unconfirmed transaction dependency chain is a fundamental building block of more sophisticated payment networks, such as duplex micropayment channel and the Lightning Network, which have the potential to greatly improve the scalability and efficiency of the Bitcoin system. |