arno/bitcoinbook
1
0
Fork 0
mirror of https://github.com/bitcoinbook/bitcoinbook synced 2024-12-23 07:08:13 +00:00
Code Issues Releases Wiki Activity

Edited ch07.asciidoc with Atlas code editor

Browse Source
This commit is contained in:
judymcconville@roadrunner.com 2017-05-01 11:38:57 -07:00
parent dd0d2f8880
commit 75f8a6eeee
1 changed files with 1 additions and 1 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
ch07.asciidoc
View File

@ -353,7 +353,7 @@ The +CSV+ opcode when evaluated in a UTXO's redeem script, allows spending only
As with CLTV, the value in +CSV+ must match the format in the corresponding +nSequence+ value. If +CSV+ is specified in terms of blocks, then so must +nSequence+. If +CSV+ is specified in terms of seconds, then so must +nSequence+.
Relative timelocks with +CSV+ are especially useful when several (chained) transactions are created and signed, but not propagated, when they're kept "off-chain". A child transaction cannot be used until the parent transaction has been propagated, mined, and aged by the time specified in the relative timelock. One application of this use case can be seen in <<state_channels>> and <<lightning_network>>.
Relative timelocks with +CSV+ are especially useful when several (chained) transactions are created and signed, but not propagated, when they're kept "off-chain". A child transaction cannot be used until the parent transaction has been propagated, mined, and aged by the time specified in the relative timelock. One application of this use case can be seen in <<state_channels>> and <<lightning_network>>.((("", startref="relativetime07")))((("", startref="Trelative07")))
+CSV+ is defined in detail in BIP-112 https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki[CHECKSEQUENCEVERIFY].