BIPs bitcoin improvement proposals

345 - OP_VAULT

BIP: 345 source Layer: Consensus (soft fork) Title: OP_VAULT Author: James O'Beirne Greg Sanders Anthony Towns Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0345 Status: Draft Type: Standards Track Created: 2023-02-03 License: BSD-3-Clause Post-History: 2023-01-09: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-January/021318.html [bitcoin-dev] OP_VAULT announcment 2023-03-01: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-March/021510.html [bitcoin-dev] BIP for OP_VAULT Table of ContentsIntroductionCopyrightMotivationExample usesProvable timelocksGoalsDesignTransaction typesFee managementSpecificationOP_VAULT evaluationOP_VAULT_RECOVER evaluationDeferred check evaluationPolicy changesImplementationApplicationsCreating a vaultTriggering a withdrawalRecovery authorizationUnauthorized recoveryAuthorized recoveryRecommendation: use a simple, offline recovery authorization key seedAddres...