Is it possible for multisig wallets to have trusted addresses? (Dynamic amount of permissions required)

I've been wondering if it is by design possible to have a multi-signature wallet which has a set of trusted addresses which require less signatures.

Let's say I have a 3-of-5 wallet, but all address holders agree there is a certain address which is trusted and should only require 2-of-5 or even 1-of-5 signatures.

Is it possible to implement such a wallet? If so, do any mainstream wallets currently have this feature?

Thanks

J. Schneider

Posted 2017-11-01T13:54:18.183

Reputation: 103

Answers

This is not a wallet function. This can be done with m-of-n multisig script.

for example Alice, Bob, Charley, David and Eva want to have 3-of-5 multisig address, but David is manager and it is enough to have 2 signatures for spending if one signer is David. Eva is bigboss and can spend funds alone.

So, the redeem script can be

OP_3 pubA pubB pubC pubD OP_DUP pubE OP_DUP OP_DUP OP_8 OP_CHECKMULTISIG

amaclin

Posted 2017-11-01T13:54:18.183

Reputation: 5 763

Asked: 2017-11-01T13:54:18.183

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Active: 2017-11-01T14:18:52.103