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drusselloctal@gmail.com 2014-11-01 13:05:24 -07:00
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@ -63,7 +63,7 @@ A transaction contains a number of fields, as shown in <<tx_data_structure>>.
.Transaction Locktime
****
Locktime defines the earliest time that a transaction can be added to the blockchain. It is set to zero in most transactions to indicate immediate execution. If locktime is non-zero and below 500 million, it is interpreted as a block height, meaning the transaction is not included in the blockchain prior to the specified block height. If it is above 500 million, it is interpreted as a Unix Epoch timestamp (seconds since Jan-1-1970) and the transaction is not included in the blockchain prior to the specified time. The use of locktime is equivalent to postdating a paper check.
Locktime defines the earliest time that a transaction can be added to the blockchain. It is set to zero in most transactions to indicate immediate execution. If locktime is nonzero and below 500 million, it is interpreted as a block height, meaning the transaction is not included in the blockchain prior to the specified block height. If it is above 500 million, it is interpreted as a Unix Epoch timestamp (seconds since Jan-1-1970) and the transaction is not included in the blockchain prior to the specified time. The use of locktime is equivalent to postdating a paper check.
****
[[tx_inputs_outputs]]