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Sunday, September 13, 2015

Bitcoin and Cryptocurrency Technologies - Quiz 3 Problem 4

Bitcoin micropayments require the use of: (check all that apply)

Multisignature transactionsCorrect
Proof of burnWrong
Time-locked transactionsCorrect
Pay-to-script-hashWrong

The key element here is that both Alice and Bob have to sign, and Alice need to time lock an escrow transaction.

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