escrow

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2 entries

Event April 20, 2011 Added March 1, 2026 Updated March 1, 2026 Private Correspondence

Satoshi to Mike Hearn on a multisig contract pattern for time-locked deposits (April 20, 2011)

Satoshi Nakamoto ↔ Mike Hearn

Satoshi explains why stateful script opcodes would enable chain-forking attacks, then presents a step-by-step multisig contract pattern using nLockTime for safe time-locked deposits without trust.

Event April 27, 2009 Added March 1, 2026 Updated March 1, 2026 Private Correspondence

Satoshi to Mike Hearn on escrow transactions and non-reversibility (April 27, 2009)

Satoshi Nakamoto ↔ Mike Hearn

Satoshi explains that Bitcoin is designed for non-reversible transactions between two parties without intermediaries, and describes planned escrow transactions using a predicate language.