@ -279,7 +279,7 @@ where +<now {plus} 3 months>+ is a block height or time value estimated 3 months
When Bob tries to spend this UTXO, he constructs a transaction that references the UTXO as an input. He uses his signature and public key in the unlocking script of that input and sets the transaction +nLocktime+ to be equal or greater to the timelock in the +CHECKLOCKTIMEVERIFY+ Alice set. Bob then broadcasts the transaction on the bitcoin network.
Bob's transaction is evaluated as follows. If the +CHECKLOCKTIMEVERIFY+ parameter Alice set is less than or equal the spending transaction's +nLocktime+, script execution continues (acts as if a NOP opcode was executed). Otherwise, script execution halts and the transaction is deemed invalid.
Bob's transaction is evaluated as follows. If the +CHECKLOCKTIMEVERIFY+ parameter Alice set is less than or equal the spending transaction's +nLocktime+, script execution continues (acts as if a “no operation” or NOP opcode was executed). Otherwise, script execution halts and the transaction is deemed invalid.
More precisely, +CHECKLOCKTIMEVERIFY+ fails and halts execution, marking the transaction invalid if (source: BIP-65):