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November 29, 2014, 08:58:37 PM
Last edit: November 29, 2014, 09:08:44 PM by odolvlobo |
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Innovating Legal Systems through Blockchain Technology
Smart contracts are self-executing or partially self-executing contracts.
Multi-sig and escrow:
anyone can be an escrow
the escrow does not take custody of the funds
the escrow does not need to be in the middle of the transaction
Mutli-sig good for escrow, governance and estate planning
Multi-sig address usage:
1. Create a signing plan.
2. Create the address: coinb.in
3. Test every signature combination to make sure it works.
4. Create transactions: paste redeem script, enter amount and destination
5. Sign the transaction: paste transaction, sign
6. Broadcast the transaction
empoweredlaw.com
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