mirrors/bitcoin-bips
1
0
Fork 0
mirror of https://github.com/bitcoin/bips.git synced 2025-02-23 15:20:50 +01:00
Code Issues Projects Releases Wiki Activity

Merge pull request #243 from CodeShark/BIP0112_revisions

Browse source 
BIP-0112 minor revision to text.
This commit is contained in:
Luke-Jr 2015-11-26 00:27:06 +00:00
commit 824284d422
1 changed files with 2 additions and 2 deletions
Show stats Download patch file Download diff file Expand all files Collapse all files

4
bip-0112.mediawiki
View file

@ -85,9 +85,9 @@ of some future event. However, given the immutable nature of the blockchain, it
is practically impossible to retroactively invalidate a previous commitment that
has already confirmed. The only mechanism we really have for retroactive
invalidation is blockchain reorganization which, for fundamental security
reasons, is designed to be very hard and very expensive to deliberately pull off.
reasons, is designed to be very hard and very expensive to do.
Despite this limitation, we do have a way to provide something functionally similar
Despite this limitation, we do have a way to provide something functionally similar to retroactive invalidation while preserving irreversibility of past commitments
using CHECKSEQUENCEVERIFY. By constructing scripts with multiple branches of
execution where one or more of the branches are delayed we provide
a time window in which someone can supply an invalidation condition that allows the