% using the PGF/TikZ package with pdflatex
\documentclass{standalone}
\usepackage[utf8]{inputenc}
\usepackage[T1]{fontenc}
%~ \usepackage[english]{babel}
\usepackage[none]{hyphenat}% prevent hyphenation
\usepackage{lmodern}
\renewcommand*\familydefault{\sfdefault}
\usepackage{tikz}
\usetikzlibrary{shapes,arrows}
\tikzset{>=latex}
%\pgfdeclarelayer{bg}    % declare background layer
%\pgfsetlayers{bg,main}  % set order of layers
\newcommand{\h}{\hspace{1em}}
\begin{document}
%  \sffamily{}
  \tikzstyle{block_center}	=
	[rectangle, draw=black, thick, fill=white,
	  text width=10.5em, text centered,
	  minimum height=1em]
  \tikzstyle{block_rounded}	= [rectangle,
      draw=black, thick, fill=white,
      text width=8em, text centered,
      minimum height=5em,
      rounded corners]
  \begin{tikzpicture}[auto]
    % outlining the flowchart on a grid
    \matrix[column sep=3ex,row sep=2.5ex]{
      \h &
      \node [block_center] (R1)
      {Alice, Bob and Carol
      wish to spend from a
      2-of-3 Multisig.};
      & \h \\
      \h &
      \node [block_center] (R2)
      {Alice uses a full node
      to create a PSBT with
      all input UTXOs filled in.};
      & \h \\
      \h &
      \node [block_center] (R3)
      {PSBT distributed.};
      & \h \\
      \node [block_center] (R4C1)
      {Alice signs the
      PSBT with her wallet.};
      &
      \node [block_center] (R4C2)
      {Bob signs the PSBT
      with his SPV wallet.};
      &
      \node [block_center] (R4C3)
      {Carol signs the PSBT
      with a completely
      offline signing machine.};
      \\
      %~ \h & \node (blind) & \h \\
      \h &
	  \node [block_center] (R5)
      {PSBTs are returned
      to Alice.};
      & \h \\
      \h &
	  \node [block_center] (R6)
      {Alices combines the
      PSBTs. All inputs now
      have 3 signatures.};
      & \h \\
      \h &
	  \node [block_center] (R7)
      {Alice finalizes the PSBT
      by creating each input's
      final scriptSig. One signature
      for each input is dropped.};
      & \h \\
	  \h &
      \node [block_rounded] (stop)
      {Alice extracts the network
      serialized transaction and
      broadcasts it to the network.};
      & \h \\
    };% end matrix
    % connecting nodes with paths
%    \begin{pgfonlayer}{bg}
    \draw[line width = 1pt, ->]
      (R1) edge (R2)
      (R2) edge (R3)
      (R3) -| (R4C1)
      (R3) edge (R4C2)
      (R5) edge (R6)
      (R6) edge (R7)
      (R7) edge (stop);
      % circumvent missing arrow
      \draw[line width = 1pt, ->]
      (R4C1) |-+(0,-2.2em)-| (R5)
      (R4C2) edge (R5)
      (R4C3) |-+(0,-2.2em)-| (R5)
      (R3) -| (R4C3);
%      \end{pgfonlayer}
  \end{tikzpicture}
\end{document}