A special transaction where the recipient can only spend the funds after a future date, as set by the sender.
Questions tagged [transaction-unlock-time]
29 questions
20
votes
1 answer
Does Monero offer an equivalent of Check Lock Time Verify transactions?
Does Monero offer an equivalent of Check Lock Time Verify (CLTV) transactions? If not are there any major CryptoNote or RingCT specific obstacles that would prevent such a feature from being added in the future?
CLTV transactions would have many…
cindy smith
- 419
- 2
- 8
11
votes
2 answers
Provably burning Monero
Is it possible to provably burn Monero? Does its use mandatory ring signatures and stealth addressing make proving that Monero was sent to a "burn address" impossible to verify?
If proof of burn is possible with Monero, how can it be done?
Mary Johnson
- 395
- 2
- 6
8
votes
3 answers
What are some use cases for setting a transaction unlock time?
When I send a transaction to someone and it is mined by the network the Monero transaction becomes irreversible.
Within the contest of irreversible transactions what benefit would I as a sender have to create a transaction with a required waiting…
Magnus Gustafson
- 459
- 4
- 9
7
votes
1 answer
If I need to send a bunch of transactions, how can I stop the wallet from using my entire balance as change during the first transaction?
Say I want to send a number of payments. Sometimes the wallet will use up my entire balance with change just to send some small amount, and this stops me from being able to send additional payments for fifteen minutes or however long it takes to get…
user4
7
votes
1 answer
Will unlock_time lock sender wallet balance?
I sent some transfers between two of my wallets yesterday with unlock_time about a month in the future. The incoming transfers show up in the new wallet as expected with the correct unlock time.
What also happened is that part of the balance in the…
Oyvkva
- 358
- 1
- 8
6
votes
1 answer
How do I split my wallet into smaller denominations?
Suppose I have only a single 100 XMR output denomination for my address. How can I split this up, so that when I want to make a 5 XMR transfer, only a subset of my 100 XMR will be locked for about 20 minutes (10 confirmations)? On Reddit, JollyMort…
dpzz
- 4,539
- 4
- 22
- 46
6
votes
1 answer
How to use unlock_time?
I have just seen that there are some questions here about the unlock_time feature. I never heard about the fact that Monero had something like that enabled, so I was trying to find out more about it, but nothing comes up in the help of either…
user141
- 3,337
- 14
- 34
5
votes
1 answer
How exactly does "unlock_time" work?
Monero transactions have something called "unlock time", that prevent transactions from being spent until a certain time in the future. I'm wondering how exactly that works.
Can a transaction with a "unlock time" component be published to the…
Christopher King
- 3,120
- 14
- 65
5
votes
2 answers
Is the 10-block lock time a protocol rule? What rules accompany it?
Every Monero transaction consumes old outputs (used as inputs to the transaction) and creates new outputs. The new outputs are locked for 10 blocks before they can be spent.
A. Is this a wallet rule or a protocol/daemon rule?
B. Does the rule…
scoobybejesus
- 5,515
- 21
- 42
5
votes
1 answer
Is it possible to remove unlock_time for a transaction?
Is there any way to remove unlock_time for a sent transaction?
Oyvkva
- 358
- 1
- 8
5
votes
1 answer
Danger of using a very long unlock time
The answer to this question says transactions with an unlock_time are mined right away but outputs will not be able to be used as inputs in another transaction until the unlock_time is met.
Based on the above would there be any danger in sending (or…
Matt Johnson
- 434
- 3
- 8
5
votes
1 answer
What is the concept of Refund Transactions from the MRL?
I am searching for more information on the concept of refund transactions.
I found that the MRL is working on a paper on the topic (source).
Would this be something that will be used in channel applications?
How would this work, would a tx be mined…
onefox
- 985
- 6
- 18
4
votes
1 answer
Why are coinbase transactions locked for 60 blocks?
"Normal" transactions are locked for 10 blocks to prevent invalid outputs from being used in ring signatures.
Why are coinbase transactions (mined coins) locked longer? Are there additional risks linked to those transactions?
assylias
- 2,218
- 12
- 28
3
votes
2 answers
Will we eventually get rid of "locked" and "unlocked" balances?
My biggest eyesore of Monero which would definitely prevent mass adoption (and adoption by big stores) is that I can only send a single transaction every 20 minutes. Once a transaction is sent, the sending and receiving wallet need to wait for 10…
Florian Schneider
- 390
- 3
- 8
3
votes
2 answers
What would be reasons to further increase block time?
I saw in the discussion on the previous increase in block time that some people were suggesting 4 minutes.
What would be good reasons to further increase block time in the future?
Are there scenarios where really high block times would be a good…
Oyvkva
- 358
- 1
- 8