11_0_Empowering_Timelock_with_Bitcoin_Scripts.md

Chapter 11: Empowering Timelock with Bitcoin Scripts

The nLockTime feature from §8.1 was just the beginning of Timelocks. When you start writing Bitcoin Scripts, two timelocking opcodes become available.

Objectives for This Chapter

After working through this chapter, a developer will be able to:

• Decide which Timelock to Use
• Create Scripts with CLTV
• Create Scripts with CSV

Supporting objectives include the ability to:

• Understand the Differences Between the Different Timelocks
• Generate Relative Times

Table of Contents

• Section One: Understanding Timelock Options
• Section Two: Using CLTV in Scripts
• Section Three: Using CSV in Scripts