Post
Topic
Board Development & Technical Discussion
Re: BitIDE - TapScript IDE with Local Testnet, Explorer and Custom Op Codes (P2TR)
by
cmpeq
on 21/01/2024, 13:41:03 UTC
Quote
currently we just use a "Nothing Up My Sleeve" point which no one knows the private key of
You should not use that, unless it is strictly necessary. It is better to pick a public key, that is just N-of-N multisig of everyone involved. In this way, there is always a chance to spend by key (and make it cheaper) if everyone agrees.

In general, Taproot addresses should be "always spendable by key, and sometimes spendable by key, and by TapScript".


For situations where a multisig is appropriate Wink