Tag: CLTV

What Is CheckLockTimeVerify and Is It a Useful Bitcoin Feature?

The Bitcoin ecosystem has some interesting technical aspects of which most people are unaware. One such feature is CheckLockTimeVerify, a Bitcoin protocol feature allowing users to freeze a particular transaction until a certain point in the future. While this is not the same as a smart contract, the technology itself shows Bitcoin is far more versatile than most people realize. CheckLockTimeVerify Is a Critical Feature of Bitcoin Most people who become involved with Bitcoin …
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