List of Flash News about CLTV
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2025-03-07 13:03 |
Understanding Bitcoin Timelocks and Their Role in Secure Transactions
According to @BitMEXResearch, Bitcoin Timelocks, such as CheckLockTimeVerify (CLTV), are mechanisms that restrict the spending of Bitcoin until a specific time or block height is reached. They utilize the nLockTime field in transactions to ensure that funds remain inaccessible until the predetermined condition is met, thereby preventing unauthorized access, including by new entities. |