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updated descriptions for miniscript templates
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Max Gravitt
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Oct 5, 2023
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# Hold Template | ||
- use case description | ||
- screenshot of vault editor | ||
- miniscript template code | ||
## Description | ||
Hodl time locks let’s user set specific time intervals, with a maximum of 24 months, during which their bitcoin remains locked. | ||
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The hodl time lock feature prevents impulsive selling during market fluctuations and allows users to stick to their investment strategy. | ||
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## Vault Configuration Example | ||
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## Inputs | ||
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## Miniscript | ||
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## Output Descriptor | ||
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### Example | ||
Example Output Descriptor | ||
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``` |
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# M-of-N Template | ||
- use case description | ||
- screenshot of vault editor | ||
- miniscript template code | ||
# Collaborative Custody Template | ||
## Description | ||
Collaborative custody allows users to configure the number of co-signers and the threshold required to access the vault’s bitcoin. | ||
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Users can choose a 2 of 3, 3 of 5, or a custom configuration, this feature ensures that multiple trusted parties agree before a transaction takes place. It's an ideal solution for shared ownership and collaborative arrangements. | ||
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## Vault Configuration Example | ||
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## Inputs | ||
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## Miniscript | ||
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``` | ||
``` | ||
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## Output Descriptor | ||
``` | ||
``` | ||
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### Example | ||
Example Output Descriptor | ||
``` | ||
``` |
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# Social Recovery Template | ||
- use case description | ||
- screenshot of vault editor | ||
- miniscript template code | ||
## Description | ||
Social recovery keeps you in full and exclusive control of your bitcoin while enabling a recovery path in case you lose your keys. After a predefined number of months set by the user, an m of n multisig of trusted co-signers is able to move the user funds | ||
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Between 20%-25% of all bitcoin has been lost forever by owners who lost their keys. This security feature helps you have a plan B, leveraging trusted connections like friends, family, or colleagues to regain access to your Bitcoin | ||
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## Vault Configuration Example | ||
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## Inputs | ||
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## Miniscript | ||
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``` | ||
``` | ||
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## Output Descriptor | ||
``` | ||
``` | ||
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### Example | ||
Example Output Descriptor | ||
``` | ||
``` |