highperfocused/bips
1
0
Fork 0
mirror of https://github.com/bitcoin/bips.git synced 2025-04-22 14:34:10 +02:00
Code Issues Packages Projects Releases Wiki Activity

fix pdf path links bip-0068

Browse Source
This commit is contained in:
Guspan Tanadi 2025-03-19 20:04:15 +07:00 committed by GitHub
parent 8a75e437c5
commit 7523f8ed0a
No known key found for this signature in database
GPG Key ID: B5690EEEBB952194
1 changed files with 2 additions and 2 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

4
bip-0068.mediawiki
View File

@ -21,7 +21,7 @@ This BIP introduces relative lock-time (RLT) consensus-enforced semantics of the
Bitcoin transactions have a sequence number field for each input. The original idea appears to have been that a transaction in the mempool would be replaced by using the same input with a higher sequence value. Although this was not properly implemented, it assumes miners would prefer higher sequence numbers even if the lower ones were more profitable to mine. However, a miner acting on profit motives alone would break that assumption completely. The change described by this BIP repurposes the sequence number for new use cases without breaking existing functionality. It also leaves room for future expansion and other use cases.
The transaction nLockTime is used to prevent the mining of a transaction until a certain date. nSequence will be repurposed to prevent mining of a transaction until a certain age of the spent output in blocks or timespan. This, among other uses, allows bi-directional payment channels as used in [https://github.com/ElementsProject/lightning/raw/master/doc/deployable-lightning.pdf Hashed Timelock Contracts (HTLCs)] and [https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki#Bidirectional_Payment_Channels BIP112].
The transaction nLockTime is used to prevent the mining of a transaction until a certain date. nSequence will be repurposed to prevent mining of a transaction until a certain age of the spent output in blocks or timespan. This, among other uses, allows bi-directional payment channels as used in [https://github.com/ElementsProject/lightning/raw/master/doc/miscellaneous/deployable-lightning.pdf Hashed Timelock Contracts (HTLCs)] and [https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki#Bidirectional_Payment_Channels BIP112].
==Specification==
@ -261,5 +261,5 @@ BIP112: https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki
BIP113: https://github.com/bitcoin/bips/blob/master/bip-0113.mediawiki
Hashed Timelock Contracts (HTLCs): https://github.com/ElementsProject/lightning/raw/master/doc/deployable-lightning.pdf
Hashed Timelock Contracts (HTLCs): https://github.com/ElementsProject/lightning/raw/master/doc/miscellaneous/deployable-lightning.pdf