manipulating raw transactions is not acceptable if your buddies are not tech savvy
but thanks nevertheless
Topic: Easy way to make m-of-n Wallet? (Read 652 times)
manipulating raw transactions is not acceptable if your buddies are not tech savvy
but thanks nevertheless
Bitcoin-qt doesn't currently support the creation nor the redemption of multisignature addresses. Creating multisignature addresses is pretty straightforward with bitcoind using the "createmultisig" command. You just specify m and n, and a list of public keys, and it gives you a multisig address. The difficult part is sending a payment from that address at a later time. Bitcoin-qt doesn't allow you to specify the address you send coins from; you have to create a raw transaction in order to do that.
The commands you'll have to use are:
createmultisig
createrawtransaction
signrawtransaction
decoderawtransaction
sendrawtransaction
Gavin Andresen's TwoOfThree.sh is an example script that shows you how to create a multisig address and send coins from it, step by step. That would probably be the best place to start.
Warning: Be careful when using the raw transaction API. You can easily create invalid transactions or transactions that will never be confirmed, resulting in the destruction of your coins.
Edit: blockchain.info's web wallet allows easy creation and redemption of multisig addresses in a graphical fashion. Although not the most secure way, that would probably be the easiest way of creating a multisig address.
The commands you'll have to use are:
createmultisig
createrawtransaction
signrawtransaction
decoderawtransaction
sendrawtransaction
Gavin Andresen's TwoOfThree.sh is an example script that shows you how to create a multisig address and send coins from it, step by step. That would probably be the best place to start.
Warning: Be careful when using the raw transaction API. You can easily create invalid transactions or transactions that will never be confirmed, resulting in the destruction of your coins.
Edit: blockchain.info's web wallet allows easy creation and redemption of multisig addresses in a graphical fashion. Although not the most secure way, that would probably be the easiest way of creating a multisig address.
Hi
I would like to share a Bitcoin wallet with my friends (to prevent loss of coins in case someones parachute malfunctions etc.).
Is there a convenient way to create a k-of-n wallet where k out of n owners are required to make a transaction?
Whats the most user friendly way to achieve that?
thanks in advance
Petra
I would like to share a Bitcoin wallet with my friends (to prevent loss of coins in case someones parachute malfunctions etc.).
Is there a convenient way to create a k-of-n wallet where k out of n owners are required to make a transaction?
Whats the most user friendly way to achieve that?
thanks in advance
Petra
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