Bitcoin / own keys / Relationship map
Your signature spends an output. It does not book a block.
Protocol model · a simple Bitcoin output whose spending conditions the holder can satisfy alone. Not a test of your wallet.
Start here
01 / Holder
Signing key
Authorizes the spend.
Sign & broadcast
02 / Dependency
Valid transaction
Meets the output’s conditions; awaits inclusion.
Block inclusion & validation
03 / Outcome
New Bitcoin output
Spendable under its new conditions if confirmed.
Read in order. A dashed box marks a dependency, not a risk score. Arrows explain a relationship; they are not live transfers.
Signing authority is not a confirmation guarantee.
- 01 / Asset or claim
- BTC in unspent transaction outputs (UTXOs), not a balance owed by a custodian.
- 02 / Who signs?
- The holder controls the required signing key in this example. Different scripts may require other signatures or timelocks.
- 03 / Exit route
- Construct and sign a valid spend to a chosen Bitcoin address; broadcast it for possible inclusion.
- 04 / What must cooperate?
- Key access, valid spending conditions, transaction relay and block inclusion. No redemption desk in this model.
- 05 / What this map cannot establish
- No wallet, backup, device, key exclusivity or transaction has been checked here. Fees and inclusion time are not predicted by this map.