Author: Tier Nolan 2016-03-04 10:27:48
Published on: 2016-03-04T10:27:48+00:00
A proposed solution to a soft fork involves requiring miners to pay some of their coinbase to a CLTV locked output. This output would otherwise be unlocked, but delaying its release would add an additional layer of security. The use of CLTV (CheckLockTimeVerify) in this context allows for time-based restrictions on when funds can be spent, making it an effective tool for creating delayed transactions.
Updated on: 2023-06-11T04:19:24.652789+00:00