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judymcconville@roadrunner.com 2017-05-01 11:33:16 -07:00
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@ -310,7 +310,7 @@ Relative timelocks are useful because they allow a chain of two or more interdep
Relative timelocks, like absolute timelocks, are implemented with both a transaction-level feature and a script-level opcode. The transaction-level relative timelock is implemented as a consensus rule on the value of +nSequence+, a transaction field that is set in every transaction input. Script-level relative timelocks are implemented with the +CHECKSEQUENCEVERIFY+ (CSV) opcode.
Relative timelocks are implemented according to the specifications in https://github.com/bitcoin/bips/blob/master/bip-0068.mediawiki[BIP-68 Relative lock-time using consensus-enforced sequence numbers] and https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki[BIP-112 CHECKSEQUENCEVERIFY].
((("bitcoin improvement proposals", "Relative lock-time using consensus-enforced sequence numbers (BIP-68)")))((("bitcoin improvement proposals", "CHECKSEQUENCEVERIFY (BIP-112)")))Relative timelocks are implemented according to the specifications in https://github.com/bitcoin/bips/blob/master/bip-0068.mediawiki[BIP-68 Relative lock-time using consensus-enforced sequence numbers] and https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki[BIP-112 CHECKSEQUENCEVERIFY].
BIP-68 and BIP-112 were activated in May 2016 as a soft-fork upgrade to the consensus rules.