What are miniscripts and what problem do they solve?
Miniscripts simplify complex Bitcoin conditions, enabling secure setups and custom recovery paths
Miniscripts are simplified, structured versions of Bitcoin’s scripting language designed to make complex spending conditions more secure and easier to implement. They allow users to define advanced logic for how and when Bitcoin can be spent, such as timelocks, multi-signature requirements, and hierarchical conditions for inheritance planning. This added flexibility is crucial for creating secure vault setups.
How Miniscripts Are Used in 21st Capital’s Smart Vault
In 21st Capital’s Smart Vault, Miniscripts are used in conjunction with timelocks to design structured, layered recovery paths that activate based on periods of inactivity. This allows users to create custom scenarios, such as giving a spouse access after 6 months of inactivity or enabling full fund recovery with 21st Capital’s help after 15 months. By combining multi-signature setups and Bitcoin’s native scripting features, the Smart Vault provides robust security and ensures that funds are passed on securely according to your specified conditions.
Miniscripts thus enable a more transparent and auditable way to structure complex Bitcoin transactions, reducing risk and enhancing control.