How Are BlockSign transactions verified on the Bitcoin blockchain? – Bitcoints

bitcoin

Published on November 13th, 2017 | by bitcoin

0

How Are BlockSign transactions verified on the Bitcoin blockchain?

How Are BlockSign transactions verified on the Bitcoin blockchain?README.md

A BlockSign Transaction is a transaction on the bitcoin blockchain representing legally binding signatures on any document, contract, or agreement.
It can be any bitcoin transaction with at least one Pay-To-PubKey-Hash Input and at least one BlockSign Output.
Bitcoin Address) in the Pay-To-PubKey-Hash Input identifies the signer (or signers) while the hash digest embedded in the BlockSign Output identifies the document being signed.
Similarly a single transaction can contain multiple BlockSign Outputs, which simply means the signer(s) signed multiple documents.
OP_RETURN 42533fc4a2721876cec0389049f57c6c8fe8604129a0885368a713fdf94dd79a77e05acf07b5

Backward compatibility
BlockSign Outputs are embedded in the blockchain with the OP_RETURN opcode which means bitcoin clients not aware of BlockSign Outputs will simply ignore them.

Source: Github.com

Tags: , , , , , , , , , , , ,



Leave a Reply

Your email address will not be published.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

Back to Top ↑