File: ep 13: How is bitcoin locked to an address – OP_CHECKSIG,

ep 13: How is bitcoin locked to an address – OP_CHECKSIG,

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I’ve been meaning to make this video for a long time. It follows on from episode 12 which talks about locking and unlocking scripts and here we finish off the explanation with a look into how digital signatures are used to ensure that only the intended recipient of UTXO (unspent transaction output) can actually spend that UTXO in new transactions.

Essentially the transaction is defined and then hashed and that hash is encrypted with the private key of the transaction creator (spender) – that

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