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Lock Time

A feature of the smart contracts used in the Lightning Network is the concept of Check-Locktime-Verify, or CLTV. It creates a transaction that is only redeemable after a certain amount…

Lock Time (Locktime)

A 32-bit field in a transaction that means either a block height at which the transaction becomes valid, or a UNIX timestamp. Zero means transaction is valid in any block.…

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