Bitauth IDE now includes examples of 3 types of authentication schemes available for securing bitcoin: single signature (P2PKH), a 2-of-3 multi-signature vault, and a time-delayed recovery vault.
Bitcoin Script is the low-level programming language used to define the security requirements required to spend an amount of bitcoin.
While most users hold bitcoin in single-signature wallets, it’s possible to use Bitcoin Script for more advanced authentication schemes, requiring varying combinations of signatures, time delays, and fallbacks in order to spend.
You can experiment with the new templates in Bitauth IDE.
If you find this useful, please star the Bitauth IDE repo on GitHub. Thanks!