Questions tagged [locktime]
Defines the block number or timestamp until this transaction is locked, or 0 if the transaction is always locked.
64
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Best way to store fund on the lightning network
Suppose that someone want to store 0.1 bitcoin on the lightning network for a period of 1 year to use services such as buying and selling things but doesnt know which one and with who yet.
What would ...
4
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2answers
221 views
what if the timelock is in the past?
I just started learning about bitcoin scripting and wonder:
what if the timelock in CLTV is in the past?
what if the timelock in nLocktime is equal to 500.000?
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2answers
73 views
Should the nodes of a channel have the same Time Lock Delta?
Consider this channel https://1ml.com/channel/612829298476056576 :
Node 1: Caffeine
Time Lock Delta: 10
Node 2: HODLcat.com
Time Lock Delta: 144
How is an HTLC passing through this ...
0
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0answers
89 views
non-mandatory-script-verify-flag (Locktime requirement not satisfied) (code 64)
I'm attempting to redeem the following htlc ( the python script below ) via timeout, however the redemption tx errors out upon validation with the error below:
bitcoin.rpc.VerifyRejectedError: {'code'...
4
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1answer
60 views
At what block height may locktimed transactions get included?
Transactions with outputs whose sequence is smaller than UINT_MAX are interpreted as locked until the timestamp or block height specified in nLockTime is reached.
Specifically regarding the block ...
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1answer
37 views
Are both CSV and nLocktime unnecessary in Eltoo?
The Eltoo paper says "Notice that we could use nSequence for this purpose, but due to the interplay with OP_CSV we opted to use nLocktime". Now that Lau showed CSV not to be necessary, does that mean ...
2
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1answer
115 views
In Lightning commitment transactions, what do the upper 8 bits of sequence and locktime represent?
In Bolt 3 of the Lightning Network specs, for commitment transactions it states:
locktime: upper 8 bits are 0x20, lower 24 bits are the lower 24 bits of the obscured commitment number.
sequence: ...
5
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1answer
60 views
What does the 'n' in nLockTime and nSequence stand for?
I know what nLockTime and nSequence do, but I'm just curious about where the 'n' comes from. Thanks
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2answers
252 views
nLockTime in Bitcoin Core
Currently, the Bitcoin Wiki states:
A part of the original Bitcoin implementation, nLockTime is a field that specifies the earliest time a transaction may be added to a valid block. A later Bitcoin ...
4
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2answers
290 views
Strange LockTime values in Electrum transactions?
Electrum includes a locktime in all transactions by default.
Usually the value is equal to the current block height, eg 592918, however it sometimes drops perhaps 20 or so blocks.
What is going on ...
1
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1answer
217 views
How to make a transaction with locktime on testnet?
I tried to make transaction with nLocktime on bitcoin testnet. I am not able to broadcast it.
Can someone please help me to make a basic transaction with 1 input and 1 output, so that I can broadcast ...
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2answers
160 views
What is transaction “finality”?
bitcoind IsFinalTx() as seen here checks the properties of a transaction in this order:
Is nLockTime exactly 0? That's final. return.
If it's not 0, is it below the current block height / time? If so,...
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1answer
158 views
How can I make transaction output time locked?
Is it possible to submit some coins to some address and make them spendable after some period of time?
Like I want submit 1btc to address 1Kc24m... and make that output to be spendable after january ...
0
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1answer
43 views
The nlocktime parameter in createrawtransaction seems not work using Bitcoin Core Wallet GUI
If I add the CLocktime (e.g 20) at the end it always gives:
Error: Error parsing JSON:{"12CxqQHzhFxCm2TkGkKHdFFPyUerFXcSte":0.008,"1DBDDvpcHv66LD7sWz1mCitPALW1qfrga7":0.012},
If I delete the ...
1
vote
1answer
37 views
Where is a tx located before finalized with the sequence number or locktime?
My understand, for a tx, before it finalized with the locktime, it can not go into mempool. But, which specified location is the tx to stay for waiting the locktime come. Similiar, for before the ...
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1answer
39 views
How does one lock their own Bitcoins for X amount of blocks and prove that you locked it?
Is there a method of locking Bitcoins for X amount of blocks and also being able to prove its locked? How would one do this and with what wallet? Mobile wallet possible?
Reason why is I'd imagine one ...
1
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1answer
130 views
Create a transaction spendable in a specific block height
I am new in Bitcoin and I try to create an address in Bitcoind and send a transaction that the amount will be spendable in a specific height of the blockchain.
Here is what I have done:
privateKey = ...
3
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1answer
133 views
Why CHECKLOCKTIMEVERIFY and CHECKSEQUENCEVERIFY opcodes have to be succeeded with DROP Opcode?
Opcodes that end in VERIFY generally do not leave anything on the stack. What's so different and the reasoning when designing these opcodes that CHECKLOCKTIMEVERIFY and CHECKSEQUENCEVERIFY opcodes ...
2
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1answer
140 views
How to spend a multisignature, CLTV time-locked UTXO?
I am using this locking script with libbitcoin explorer to create a bitcoin testnet transaction:
bx script-to-address -v 196 "[efa716] checklocktimeverify drop 2 [...
0
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2answers
46 views
Reference an UTXO of a transaction that has not been yet mined
How to reference an UTXO that has not been yet mined? I want to prepare a transaction and, before spreading it, use its UTXO as input for another relative timelocked transaction. Then, spread the ...
3
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1answer
380 views
How does nSequence/Check Sequence Verify work?
How does relative timelock work? I mean, I know the theoretical description, but how to use nSequence concretely ? Can you do me a practical example with 2 sample transactions one of which locked with ...
4
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1answer
53 views
Is the bit encoding format for the graphic in BIP 68 implicitly little-endian?
CLTV (OP_CHECKLOCKTIMEVERIFY - absolute locktime) and CSV (OP_CHECKSEQUENCEVERIFY - relative locktime) utilize BIP 68. Is the locktime for those two operations implicitly encoded in little-endian ...
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1answer
42 views
Is it posible to create a transaction output that can either be reddemed by privK of Addr A or by privK of Addr B AFTER certain blockheight?
I am thinking about how to secure your Bitcoin savings.
One idea I had was to create sort of a "backup" address B for an address A which stores the bitcoins. So what I want to achieve is that you ...
1
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2answers
74 views
BIP 113 - monotonic guarantee
BIP 113 mentions:
Existing consensus rules guarantee this value to monotonically advance, thereby removing the capability for miners to claim more transaction fees by lying about the timestamps of ...
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3answers
133 views
CHECKSEQUENCEVERIFY After x time of last transaction
Is there a way where i can have a multi-sig address which will allow one of the signers to use only their single key after a set amount of time after each transaction/update on the address?
I want ...
2
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0answers
253 views
Locktime requirement not satisfied when locktime set to 1 in p2sh
I've created the following script on testnet:
OP_IF
2 <pubkey1> <pubkey2> <pubkey3> 3
OP_CHECKMULTISIG
OP_ELSE
1 OP_CHECKSEQUENCEVERIFY
OP_DROP
<pubkey1&...
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vote
0answers
132 views
Which wallet provide lock-time feature?
I try to understand how the lock-time and sequence number work, but I got many different explanations, it is really confusing. I like to send a Bitcoin with lock-time to myself, but I don't know how ...
0
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2answers
191 views
TX nLocktime and mempool
Where is a broadcasted TX located at before it's nLocktime reached? in mempool or not? I have tried a lot can't figure out. Help please.
1
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1answer
532 views
Understanding BIP 143 [hash computation, lockTime, sequence number, witness format]
I'm trying to grasp some of the concepts presented in BIP 143. These are the things I'm stuck on:
(1) A new hash format is presented. This new format is used to create a hash, which when signed with ...
2
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1answer
223 views
Simple explanation of how a hash timelock function works with an atomic trade of bitcoin / litecoin trade without a 3rd party?
From my understanding a hash timelock function trade or atomic swap involves 2 transactions one separate blockchains. The BTC user named Bob is making a trade with Alice for her LTC. Assuming its a 1 ...
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2answers
156 views
Encrypted message with nLockTime
I know you can delay a transaction's accepted date by using nLockTime. I'm still looking for the simplest way to generate a transaction with nLockTime, but that's another topic.
I'm wondering if ...
5
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1answer
609 views
Sequence number semantics
Reading the following BIPs: 68, 112, 125, I got a few questions about the sematics of sequence numbers. As far as I understood, in version 1 transactions, sequence numbers have the following meaning:
...
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1answer
247 views
yesterday evening I send out 0.97 BTC. I checked transaction and It says : “ lock time 459355”
are my coins lost ? please help
It says Lock Time: 459355
and still unconfirmed since yesterday
3
votes
2answers
1k views
Understanding GreenAddress nLocktime/recovery transactions
What I understand is that Greenaddress locks a recovery transaction to be spend 90 days in the future. Whats the advantage in doing this?
Why not creating a recovery transaction without nLocktime?
4
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2answers
744 views
Is it possible to combine multi-sig and locktime?
Is it possible to create a 1 of 2 multi-sig address in which only one of the keys is time-locked and the other can sign any time?
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2answers
94 views
Is it safe to keep ONLY a time-locked tx?
What if the tx become incompatible with future versions of Bitcoin? In which cases it would just stop being compatible? If there is no compatibility guarantee, how can this be useful at all?
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1answer
3k views
Why Bitcoin core creates time locked transactions by default?
I've noticed recently that Bitcoin Core is producing transactions with non-zero lock-time and sequence numbers of inputs being 0xFFFFFFFE, even though I didn't instruct it to do so. The lock-time ...
2
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2answers
771 views
Can you “undo” an nlockTime transaction by spending a single UTXO of it before lockTime's block happens?
Let's say I have a wallet X with money from 3 unspent outputs (UTXOs) A, B and C.
I make an nlocktime transaction to spend 2 of my 3 UTXOs (A & B) to wallet Y, 1 month in the future, sign it, and ...
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1answer
170 views
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3answers
10k views
What does “lock time” mean?
I got a transaction that is still not confirmed for about one week, and I can see a field called "Lock Time" that says:
Lock Time Block: 419382
https://blockchain.info/en/tx/...
1
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1answer
292 views
What happens when relative and absolute lock times are used in the same transaction?
BIP 68 redefines the input sequence number field as bit vector that encodes a relative lock time.
A transaction can be encumbered with an absolute lock time by setting the nLockTime field to a non-...
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1answer
167 views
If transaction has impossible locking script, are coins lost?
If a bitcoin transaction's outputs have a locking script that is basically unsolvable, are the bitcoins lost, or can the transaction be invalidated? (Or something else?)
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1answer
453 views
How do I use CHECKLOCKTIMEVERIFY to prevent a transaction being spent before 100 blocks?
I'm creating a Bitcoin based lottery application. An entry into the lottery is a transaction spending 1BTC.
If someone guesses some arbitrary value correctly, they can claim the entry and send this ...
1
vote
1answer
211 views
Are Hashed Timelock Contracts and Zero-Knowledge Contingent Payments the same thing?
This answer to How is a node in the middle prohibited from keeping the money in a routed Payment in Lightning network? describes how a Hashed Timelock Contract would be used to exchange the "secret" ...
0
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1answer
120 views
Restrict the Bitcoin usage only during a particular period
I would like to know if its possible to use a Bitcoin at present in the following scenario.
When I send a Bitcoin to an another user,I set certain parameters on the Bitcoin, like it can only be used ...
3
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0answers
96 views
Claim or Refund Functionality Implementation in Bitcoin
I was reading the paper written by Kuramesan and Bentov with title "How to use Bitcoin to Design Fair Protocols".
Source: https://eprint.iacr.org/2014/129.pdf
Specifically, the sender creates a ...
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1answer
266 views
How does the GreenAddress refill (relock) work when its nLockTime expires?
Ok, I understand that GreenAddress wallet uses a nLockTime transaction to put the funds in a 2of2 wallet, to give the user the peace of mind that, in the case their server disappears, they can still ...
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1answer
561 views
What is Bitcoin's locktime feature exactly? How can it be used?
What is Bitcoin's locktime feature and what are some example use cases?
And how can a user make use of this new feature? Is it in any gui wallet? And how would one use it in the command line if its ...
4
votes
2answers
475 views
Is it possible to schedule a transaction in the future?
Wondering if it's technically possible to set up a transaction to be sent in the future, for example 6 months? Is this related to block timestamps parameters? Transaction timestamps?
5
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1answer
72 views
Is it possible to determine the total amount of timelocked Bitcoin?
Now that is possible to lock funds until a certain date (https://coinb.in/#newTimeLocked). How to calculate how many of all bitcoin in existence is locked until a certain date? Any service that does ...
