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Merge pull request #382 from dooglus/patch-4

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Update bip-0068.mediawiki
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Luke-Jr 2016-05-01 18:10:25 +00:00
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@ -43,7 +43,7 @@ This specification only interprets 16 bits of the sequence number as relative lo
For time based relative lock-time, 512 second granularity was chosen because bitcoin blocks are generated every 600 seconds. So when using block-based or time-based, the same amount of time can be encoded with the available number of bits. Converting from a sequence number to seconds is performed by multiplying by 512 = 2^9, or equivalently shifting up by 9 bits.
When the relative lock-time is time-based, it is interpreted as a minimum block-time constraint over the input's age. A relative time-based lock-time of zero indicates an input which can be included in any block. More generally, a relative time-based lock-time n can be included into any block produced 512 * n seconds after the mining date of the output it is spending, or any block thereafter.
The mining date of the output is equals to the median-time-past of the previous block which mined it.
The mining date of the output is equal to the median-time-past of the previous block which mined it.
The block produced time is equal to the median-time-past of its previous block.