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Pieter Wuille
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S.O.S
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Based on my research the cost to transfer funds from a 2/3 MultiSig address to any other address (be it a standard or MultiSig address) is approx. 2 x the cost of transferring funds from a standard address to another address since it consumes approx. 2 x the amount of data (147 bytes vs. 295 bytes) (pretty costly!).

A single output is roughly 34 bytes per output regardless of whether the output represents a standard address or multisig address. Is this correct? In other words, the higher price for a MultiSig only matters when it's being used as the input of a transaction, not the output?

If so, does the data size grow linearly with each additional signature? (i.e, what would be the approx. number of bytes for a 2/2 and a 3/4 MultiSig addresstransaction)?

Thanks

Based on my research the cost to transfer funds from a 2/3 MultiSig address to any other address (be it a standard or MultiSig address) is approx. 2 x the cost of transferring funds from a standard address to another address since it consumes approx. 2 x the amount of data (147 bytes vs. 295 bytes) (pretty costly!).

A single output is roughly 34 bytes per output regardless of whether the output represents a standard address or multisig address. Is this correct? In other words, the higher price for a MultiSig only matters when it's being used as the input of a transaction, not the output?

If so, does the data size grow linearly with each additional signature? (i.e, what would be the approx. number of bytes for a 2/2 and a 3/4 MultiSig address)?

Thanks

Based on my research the cost to transfer funds from a 2/3 MultiSig address to any other address (be it a standard or MultiSig address) is approx. 2 x the cost of transferring funds from a standard address to another address since it consumes approx. 2 x the amount of data (147 bytes vs. 295 bytes) (pretty costly!).

A single output is roughly 34 bytes per output regardless of whether the output represents a standard address or multisig address. Is this correct? In other words, the higher price for a MultiSig only matters when it's being used as the input of a transaction, not the output?

If so, does the data size grow linearly with each additional signature? (i.e, what would be the approx. number of bytes for a 2/2 and a 3/4 MultiSig transaction)?

Thanks

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S.O.S
  • 419
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  • 12

Fees for Multisig Addreses Twice as High as Standard Address?

Based on my research the cost to transfer funds from a 2/3 MultiSig address to any other address (be it a standard or MultiSig address) is approx. 2 x the cost of transferring funds from a standard address to another address since it consumes approx. 2 x the amount of data (147 bytes vs. 295 bytes) (pretty costly!).

A single output is roughly 34 bytes per output regardless of whether the output represents a standard address or multisig address. Is this correct? In other words, the higher price for a MultiSig only matters when it's being used as the input of a transaction, not the output?

If so, does the data size grow linearly with each additional signature? (i.e, what would be the approx. number of bytes for a 2/2 and a 3/4 MultiSig address)?

Thanks