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Title: Surprising Number of Recent Native Multisigs Post by: Bill White on March 31, 2015, 09:37:25 PM While taking a snapshot of the block chain through the first 350,000 blocks (the 2/3 distribution point), I was surprised to find that there have been over 15,000 new native multisig outputs in the last couple of weeks (block 348,000 to block 349,999). I was under the impression p2sh had essentially made native multisig obsolete.
Although the amount of new native multisig transaction outputs is large, the amount of bitcoins is small. 78 old native multisig outputs were spent (spending about 3 bitcoins) and the 15,000 new native multisig transaction outputs are worth about 6 bitcoins. (The total number of bitcoins held using native multisig is less than 25 as of block 350,000.) Over half (almost 9000) of the new native multisig transaction outputs are worth exactly 7800 satoshis. Here is an example: https://blockchain.info/tx/972270a3a882e567bdece8d8c9a160393e2b9f5a948cb17cb2232534e435a4e0 (https://blockchain.info/tx/972270a3a882e567bdece8d8c9a160393e2b9f5a948cb17cb2232534e435a4e0) Can any block chain watchers tell whether this is this unusual activity? Does anyone know of a service this is connected to? (I am simply curious.) Title: Re: Surprising Number of Recent Native Multisigs Post by: CryptKeeper on April 01, 2015, 05:57:03 AM I think the cause of this increase in multi-sig tx could be that escrow services are implementing this technology, see bitrated hee:
https://www.bitrated.com (https://www.bitrated.com) Rakuten announced multi-sig for their shopping portal, but I'm not sure if they are already using it: http://insidebitcoins.com/news/rakuten-announces-multi-sig-escrow-support-30-percent-bitcoin-discount/31221 (http://insidebitcoins.com/news/rakuten-announces-multi-sig-escrow-support-30-percent-bitcoin-discount/31221) |