Glossary
RGlossary

Redeem Script

A RedeemScript is the script used to unlock bitcoin sent to a P2SH or P2WSH address.

A RedeemScript is the script used to unlock bitcoin sent to a P2SH or P2WSH address. In a P2SH or P2WSH transaction, bitcoin is locked to the hash of a RedeemScript, ensuring that only someone who can reproduce the RedeemScript and add any required signatures can spend the bitcoin. Redeem scripts most commonly entail multisig scripts or wrapped SegWit scripts.

Related Terms
Pay-to-Script-Hash (P2SH)Pay-to-Witness-Script-Hash (P2WSH)Bitcoin ScriptMultisig

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