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monero-site/knowledge-base/moneropedia/unlocktime.md
Christopher King ffd03626e7 Update unlocktime.md
2016-09-17 13:07:33 -04:00

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layout entry terms summary
moneropedia Transaction Unlock Time
unlock-time
a special transaction where the recipient can only spend the funds after a future date, as set by the sender

The Basics

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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, in which the transaction is not valid until the given time.