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nadams 2017-05-10 13:46:10 -07:00
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@ -298,7 +298,7 @@ After execution, if +CLTV+ is satisfied, the time parameter that preceded it rem
By using nLocktime in conjunction with +CLTV+, the scenario described in <<locktime_limitations>> changes. Because Alice locked the UTXO itself, it is now impossible for either Bob or Alice to spend it before the 3-month locktime has expired. By using nLocktime in conjunction with +CLTV+, the scenario described in <<locktime_limitations>> changes. Because Alice locked the UTXO itself, it is now impossible for either Bob or Alice to spend it before the 3-month locktime has expired.
By introducing timelock functionality directly in to the scripting language, +CLTV+ allows us to develop some very interesting complex scripts.((("", startref="cltv07"))) By introducing timelock functionality directly into the scripting language, +CLTV+ allows us to develop some very interesting complex scripts.((("", startref="cltv07")))
The standard is defined in https://github.com/bitcoin/bips/blob/master/bip-0065.mediawiki[BIP-65 (CHECKLOCKTIMEVERIFY)]. The standard is defined in https://github.com/bitcoin/bips/blob/master/bip-0065.mediawiki[BIP-65 (CHECKLOCKTIMEVERIFY)].