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Edited ch07.asciidoc with Atlas code editor

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nadams 2017-05-18 06:38:32 -07:00
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@ -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 &#x201c;no operation&#x201d; 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):