From ffd03626e7a4887034c95bb0a6a85469d4c7ea21 Mon Sep 17 00:00:00 2001 From: Christopher King Date: Sat, 17 Sep 2016 13:07:33 -0400 Subject: [PATCH] Update unlocktime.md --- knowledge-base/moneropedia/unlocktime.md | 6 +++++- 1 file changed, 5 insertions(+), 1 deletion(-) diff --git a/knowledge-base/moneropedia/unlocktime.md b/knowledge-base/moneropedia/unlocktime.md index 56cb4f43..08a35f8e 100644 --- a/knowledge-base/moneropedia/unlocktime.md +++ b/knowledge-base/moneropedia/unlocktime.md @@ -7,4 +7,8 @@ summary: "a special transaction where the recipient can only spend the funds aft ### The Basics -{{ page.summary | capitalize }}. \ No newline at end of file +{{ page.summary | capitalize }}. + +Unlock time allows you to send a transaction to someone, such that they can not spend it until after a certain number of blocks, or until a certain time. + +Note that this works differently than Bitcoin's [nLockTime](https://en.bitcoin.it/wiki/NLockTime), in which the transaction is not valid until the given time.