3
I'd like to create a multi-sig wallet where I can freely create transactions, but I want to give keys to trusted friends/family + a safety deposit box so that if I hit my head and forget my password, or I die, then the trusted people can recover my coins.
Is this something Bitcoin currently supports or plans to support?
2
Yes, this is possible. You can construct a script such as:
OP_IF
<key1>
OP_CHECKSIG
OP_ELSE
OP_3
<key2>
<key3>
<key4>
<key5>
<key6>
OP_5
OP_CHECKMULTISIG
OP_ENDIF
This will allow key1 to freely spend the coins, but if a signature from key1 is not present it also allows any 3 of the keys2-6 to spend the coins.
Awesome! Are there any wallets that support creating a structure like that? – B T – 2019-08-05T01:09:39.923
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself – Raghav Sood – 2019-08-05T01:24:26.617