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Merge pull request #444 from philippgille/patch-2

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Fix typo
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Will Binns 2018-01-25 00:12:14 +07:00 committed by GitHub
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@ -251,7 +251,7 @@ It is important to understand the limitations of transaction +nLocktime+. The on
==== Check Lock Time Verify (CLTV) ==== Check Lock Time Verify (CLTV)
((("Check Lock Time Verify (CLTV)", id="cltv07")))((("timelocks", "Check Lock Time Verify (CLTV)")))((("scripting", "timelocks", "Check Lock Time Verify (CLTV)")))((("bitcoin improvement proposals", "CHECKLOCKTIMEVERIFY (BIP-65)")))In December 2015, a new form of timelock was introduced to bitcoin as a soft fork upgrade. Based on a specifications in BIP-65, a new script operator called _CHECKLOCKTIMEVERIFY_ (_CLTV_) was added to the scripting language. +CLTV+ is a per-output timelock, rather than a per-transaction timelock as is the case with +nLocktime+. This allows for much greater flexibility in the way timelocks are applied. ((("Check Lock Time Verify (CLTV)", id="cltv07")))((("timelocks", "Check Lock Time Verify (CLTV)")))((("scripting", "timelocks", "Check Lock Time Verify (CLTV)")))((("bitcoin improvement proposals", "CHECKLOCKTIMEVERIFY (BIP-65)")))In December 2015, a new form of timelock was introduced to bitcoin as a soft fork upgrade. Based on a specification in BIP-65, a new script operator called _CHECKLOCKTIMEVERIFY_ (_CLTV_) was added to the scripting language. +CLTV+ is a per-output timelock, rather than a per-transaction timelock as is the case with +nLocktime+. This allows for much greater flexibility in the way timelocks are applied.
In simple terms, by adding the +CLTV+ opcode in the redeem script of an output it restricts the output, so that it can only be spent after the specified time has elapsed. In simple terms, by adding the +CLTV+ opcode in the redeem script of an output it restricts the output, so that it can only be spent after the specified time has elapsed.