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0 sats \ 1 reply \ @Bitcoiner1 2 Feb \ parent \ on: What’s the safest way to hold your btc? AskSN
Could you elaborate a little bit more about using time locks? What wallet do you use?, what kind of tine locks do you use?, does the time locks allow you to broadcast the transaction?, could you use the UTXO on another txt?
Thanks
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40 sats \ 0 replies \ @nullcount 2 Feb
LockTime in Electrum wallet is referring to the nLockTime field of the transaction. The base protocol dictates that the transaction cannot be included in a block until nLockTime. So this sets a timelock on the TRANSACTION not on the UTXO. To set a timelock on a UTXO, you need use either CLTV (BIP65) or CSV (BIP112).
I'm excited for MiniScript adoption as it can make it easier to create and share advanced timelock scripts.
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