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Merge pull request #6883

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c939792 Add BIP65 CHECKLOCKTIMEVERIFY to release notes (Peter Todd)
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Wladimir J. van der Laan 2015-10-31 11:07:19 +01:00
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@ -124,6 +124,33 @@ sanity check. Since 0.12, these are no longer stored. When loading a
0.12 wallet into an older version, it will automatically rescan to avoid
failed checks.
BIP65 - CHECKLOCKTIMEVERIFY
---------------------------
Previously it was impossible to create a transaction output that was guaranteed
to be unspendable until a specific date in the future. CHECKLOCKTIMEVERIFY is a
new opcode that allows a script to check if a specific block height or time has
been reached, failing the script otherwise. This enables a wide variety of new
functionality such as time-locked escrows, secure payment channels, etc.
BIP65 implements CHECKLOCKTIMEVERIFY by introducing block version 4, which adds
additional restrictions to the NOP2 opcode. The same miner-voting mechanism as
in BIP34 and BIP66 is used: when 751 out of a sequence of 1001 blocks have
version number 4 or higher, the new consensus rule becomes active for those
blocks. When 951 out of a sequence of 1001 blocks have version number 4 or
higher, it becomes mandatory for all blocks and blocks with versions less than
4 are rejected.
Bitcoin Core's block templates are now for version 4 blocks only, and any
mining software relying on its `getblocktemplate` must be updated in parallel
to use either libblkmaker version FIXME or any version from 0.5.1 onward. If
you are solo mining, this will affect you the moment you upgrade Bitcoin Core,
which must be done prior to BIP65 achieving its 951/1001 status. If you are
mining with the stratum mining protocol: this does not affect you. If you are
mining with the getblocktemplate protocol to a pool: this will affect you at
the pool operator's discretion, which must be no later than BIP65 achieving its
951/1001 status.
0.12.0 Change log
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