The Cryptonomics™
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Reading: Presign transaction with unconfirmed outputs
Share
Please enter CoinGecko Free Api Key to get this plugin works.
The Cryptonomics™The Cryptonomics™
Font ResizerAa
Search
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Follow US
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Copyright © MetaMedia™ Capital Inc, All right reserved
The Cryptonomics™ > Bitcoin > Presign transaction with unconfirmed outputs
Bitcoin

Presign transaction with unconfirmed outputs

admin
Last updated: June 4, 2024 9:25 am
admin Published June 4, 2024
Share
Presign transaction with unconfirmed outputs


I’m questioning whether or not the next situation is feasible. Any assist could be very appreciated.

Alice and Bob are making a (taproot) 2-of-2 multisig collectively. They don’t belief one another. They intend to fund the multisig handle with 1 BTC every however earlier than they ship their Bitcoin to the multisig handle, they presign a transaction (the redeem transaction) that spends 1 BTC again from the multisig to every of them. Solely when each of them have a duplicate of this unbroadcasted transaction, will they proceed to fund the multisig.

Is that this doable? As a way to presign the redeem transaction they would want to know the TXID of the outputs they intend to ship to the multisig, appropriate? In order that they would want to create their separate funding transactions that go into the multisig and share the TXID with one another (however don’t broadcast it but). Then they assemble and signal the redeem transaction. Then they broadcast the funding transactions. Is that this doable or am I pondering too difficult?

Additionally, what if the price surroundings modifications throughout this course of and one of many funding transactions doesn’t get confirmed? Then the presigned redeem transaction is nugatory since utilizing RBF on the funding transaction would change the TXID and thus invalidate the presigned redeem transaction? Is there a option to circumvent that?

Thanks rather a lot!

EDIT: Right here is an instance of a scenario that describes what I wish to obtain. Alice and Bob wish to create a enterprise fund. They have no idea wherein startup to speculate simply but. In fact, they’ll solely put money into a startup if each agree that it’s a good funding. In order that they create a 2-of-2 multisig for this goal. Earlier than funding it, nonetheless, they give thought to what would occur if the opposite occasion disappears or if they won’t come to an settlement about the place to speculate. They might block the others funds indefinitely. Due to this fact they wish to should choice to exit the multisig unliterally to predefined addresses.

You Might Also Like

Sonic Launches USSD Stablecoin With Institutional-Grade Backing

File-high Bitcoin Orderbook Asks Warn Of Worth Correction

20 million bitcoins mined: why Bitcoin’s mounted provide cap nonetheless issues

Trump’s Cyber Technique Indicators Assist for Crypto Infrastructure

Bitcoin’s 20 Millionth Coin Has Simply Been Mined

Share This Article
Facebook Twitter Email Copy Link Print
Previous Article Worth evaluation 6/3: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA Worth evaluation 6/3: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Next Article The way to construct with PayPal USD (PYUSD) on Solana The way to construct with PayPal USD (PYUSD) on Solana
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
The journey to a mature asset administration system
The journey to a mature asset administration system
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE
Preparing for synthetic basic intelligence with examples
Preparing for synthetic basic intelligence with examples

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Instagram Linkedin Pinterest Tiktok Twitter Youtube
The Cryptonomics™

Cryptonomics Magazine is your premier digital source for blockchain insights, offering cutting-edge research, news, interviews, and ICO updates for everyone from entrepreneurs to institutions. We drive blockchain knowledge and growth.

Subscribe to our newsletter

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

BTC Leads Restoration Whereas Altcoin Indicators Hit Cycle Lows
March 11, 2026
Liebherr Chile delivers PR 776 G8 mining dozers to SQM Nueva Victoria iodine mine
March 11, 2026
Solana (SOL) Rejected Close to $90, Downtrend Menace Reappears
March 11, 2026
Onchain RWAs Climb 66% in 2026 as Market Reaches $23.6B
March 11, 2026
Sonic Launches USSD Stablecoin With Institutional-Grade Backing
March 11, 2026
Copyright © The Cryptonomics™ , All right reserved
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Join Us!

Subscribe & Stay Ahead of the Curve with Cryptonomics !

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?