Are Relay Addresses Possible?

Is it possible to create an address such that different parties can spend certain portions of any output spent to that address?

R: 1zaybxcrandrelayexampaddr 
A: 1xyzabcrandexampladdressa 97%
B: 1cbaxyzrandexampladdressb 3%

Such that ex.gr. A can spend 97% of any output that is spent to the relay address and B can spend 3% of any output that is spent to the relay address.

Would it be possible to do this transitively, to arbitrary depth? Where A or B could be relay addresses (and their component parties in turn also could be relay addresses)?

Would it be possible to do this with arbitrary breadth with an arbitrary number of parties composing a relay address?

Kinnard Hockenhull

Posted 2019-05-01T01:09:29.790

Reputation: 2 285

Answers

You cannot create your specified spend conditions with Bitcoin script directly, because you cannot specify the nature of a future output within an input's script. Put differently, an input's script cannot define the outputs created from it.

You could perhaps achieve a similar result using a multisig address, and a third party 'rule engine' signer or similar (credit to @RaghavSood in the answer I linked to above), but it is not possible to program a Bitcoin address to behave this way independently.

chytrik

Posted 2019-05-01T01:09:29.790

Reputation: 10 276