Description: The ‘Output Script’ in Bitcoin is a fundamental component that defines the conditions under which a Bitcoin output can be spent. This script is used in the Bitcoin network to establish the rules that must be met for a user to access the funds associated with a transaction. In technical terms, the script is a simple programming language that allows specifying conditions such as the digital signature of the owner, the need for multiple signatures, or even time-based conditions. Each output of a Bitcoin transaction includes an output script that is evaluated when attempting to spend that output in a future transaction. If the conditions of the script are met, the transaction is valid; otherwise, it is rejected. This provides a level of security and control over the funds, allowing users to define how and when they can be used. The flexibility of the output script is one of the features that has enabled the creation of various applications and functionalities within blockchain ecosystems, from simple transactions to more complex contracts.
