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On BitQ&A you can get your questions answered by setting up a bounty or you can get paid by answering the community's questions.

How do Bitcoin payment channels work?

I would like to know how payment channel mechanic works in practice. What do the involved parties need to do, which information they exchange and how is the security ensured.

Bonus question: What different types of payment channels exist?

Only answers that actually explain channels will qualify for the bounty. While linking to 3rd party sources is encouraged and desired, answers that solely do that won’t count.

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Best solution for backend BSV hot-wallet

I am looking for a solution to implement a backend hot wallet. It needs to be able to spend pretty much instantly upon API call. The refilling of the wallet can happen manually, but it needs a way to generate a new address and output it somehow so I can refill it. Bonus points if the backend wallet has a way to resolve paymail addresses. Bonus points for links to the respective library. Also helpful to know which proprietary systems exist which could be contacted to see if their system could be leveraged.

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What is Miner ID, how it works and what can it be used for?

There has been a lot of discussion going on about Miner ID lately. What is Miner ID and how does it work? Is it optional for miners to use and what would be their incentive for or against it?

Which cool new possibilities does it enable?

Note: Only answers that properly answer questions on BitQ&A will qualify for the bounty. Links to external resources are more than welcome, while answers with links only won’t qualify.

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How do I create a counter like bitqa.app uses that increases the “Answer: 0” count and stays?

I’m a programming noob trying to build a website using Money Button and BSV blockchain. I need help (or a visual of code) writing code that increases a number on the page after the Money Button is swiped. Just how “Answers: 0” gets increased by +1 on bitqa.app after paying. I hope $5 bounty for best answer is enough. Thanks in advance!

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Provide examples of multi-sig scripts

What are the possible Bitcoin scripts to create a multi-sig transaction? Please provide the script code with explanations.

I would like to see at least two types of such scripts explained (OP_CHECKMULTISIG and the one with conditional OP_IF statements that Steve Shadders showed at this CoinGeek Seoul presentation). If there are more options, please list them as well.

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What is the most interesting/exciting script that was made possible by the Genesis upgrade?

Non-standard scripts can finally be used without limits on the Bitcoin SV blockchain thanks to the Genesis upgrade. We think that this will accelerate the innovation and we will soon see a variety of new scripts being used on a regular basis.

What is the one that is the most exciting, interesting and/or powerful in your opinion? Which new use cases will it enable?

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