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BIP-11

M-of-N Standard Transactions.

In use

Makes payments that need M of N signatures, such as 2 of 3, a standard type that nodes pass on and miners include.

It supports set-ups where spending needs more than one signature, such as a wallet guarded by a second signing service, or escrow where any two of a buyer, seller and trusted referee can release the coins. It covers up to three keys.

Read BIP-11 in full on GitHubAll BIPs