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Pay to script hash (P2SH) is an advanced type of transaction used in Bitcoin and other similar cryptocurrencies. Unlike P2PKH, it allows sender to commit funds to a hash of an arbitrary valid script. Currently, P2SH is mainly used for MultiSig and non-native SegWit transactions (P2WPKH-in-P2SH).

See also BIP16, BIP49, Transaction types

Transaction scripts

An output that pays to a P2SH scriptPubKey is spent by an input with a scriptSig that provides the correct redeem script along with all the data (like signatures and corresponding public keys) necessary for the successfull script evaluation:

scriptPubKey: OP_HASH160 <redeemScriptHash> OP_EQUAL
scriptSig: <singatures> <publicKeys> <redeemScript>

For P2SH transaction examples, check P2WPKH-in-P2SH and P2SH-multisig.

To understand how transactions work on basic technical level, check blog post Types of Bitcoin transactions: Part I, Part 2. More detailed description can be found in Bitcoin Wiki or in Bitcoin.org Developer guide.

Address and version bytes

A P2SH address is an base58check-encoded form of a redeem script hash prefixed by corresponding version bytes:

P2SH address = Base58Check ( <versionBytes> <redeemScriptHash> )

Version bytes for P2SH addresses are listed in Trezor coins definitions under address_type_p2sh field of a particular JSON file. For example in Bitcoin, P2SH addresses start with "3" (version bytes 5), while in Litecoin they start with "M" (version bytes 50) etc.

Trezor support

Trezor supports P2SH transactions for the following forms of redeem scripts: P2WPKH-in-P2SH and multisig-in-P2SH. Other P2SH scripts are not supported.

In Trezor Wallet P2WPKH-in-P2SH transactions are supported and organized using BIP49. For P2SH-multisig other wallet interface has to be used with Trezor, see Apps.