Time Locks

Time-based constraints. 3 proposals.

BIP 65: OP_CHECKLOCKTIMEVERIFY: Deployed. Adds OP_CHECKLOCKTIMEVERIFY, a script command that keeps coins unspendable until a chosen date or block height. It enables time-locked savings, escrow with deadlines, and payment channels such as…
BIP 68: Relative lock-time using consensus-enforced sequence numbers: Deployed. Gives transactions a "relative lock-time," so a coin cannot be spent until a set number of blocks or amount of time has passed since it was confirmed. This is an essential building block for payment…
BIP 112: CHECKSEQUENCEVERIFY: Deployed. Introduces CHECKSEQUENCEVERIFY, a script instruction that lets coins be locked until a certain amount of time has passed since they were received. This 'relative timelock' is a key building block…