Replace "wallet" with "address", in relation to hashcash's unilateral channel proposal. (#47)

* Update ch01.asciidoc

Propose to replace the comment regarding multi-sig wallet, with multi-sig transaction.

* Update ch01.asciidoc
pull/41/head^2
bitcoina 5 years ago committed by Rene Pickhardt
parent 370c77ff38
commit 073206e715

@ -40,7 +40,7 @@ Effectively the most recent update of the payment channel (encoded as a bitcoin
In July of 2011, on the bitcointalk.org forum, a pseudonomous user by the name of _hashcoin_ proposed the usage of Timelocks via the `nLockTime` function of the bitcoin network to solve the custody problem of exchanges.footnote:[Hashcoin on Bitcoin talk on July 4th 2011 - Instant TX for established business relationships (need replacements/nLockTime) http://web.archive.org/web/20190419103503/https://bitcointalk.org/index.php?topic=25786.0]
The idea was to be able to quickly trade / sell Bitcoin without the necessity to send all the bitcoins to the exchange in the first place.
Hashcoin effectively proposed what we would call an unidirectional payment channel today.
With this mechanism a user A could fund a multisig wallet between A and another user B together with a timelocked transaction sending all Bitcoin Back to A.
With this mechanism a user A could fund a multisig address between A and another user B together with a timelocked transaction sending all Bitcoin Back to A.
The funding tx would not be signed and broadcasted by A before B provided a signature for the spend.
Hashcoin imagined user B to be an exchange.
Whenever user A wanted to send Bitcoin to user B user A could create a newer spend of the funding transaction which would send less Bitcoin back to A and more bitcoin to B.

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