Academy Lesson locktime

Summary

Constraint delaying transaction validity until a given block height or time.

No security notes for this node yet.

Direction	Relation	Node
Outgoing	VALIDATED_BY	Transaction
Incoming	STRENGTHENS	Sequence

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This node is not part of the guided sequence.

Node status: Not completed

Current Guided Lesson

What is Bitcoin?

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Hover the headers for quick tooltips, then read the short canonical distinction.

Bitcoin is pseudonymous: addresses are public identifiers without built-in real names, but flows can still be traced and clustered.

Nodes enforce consensus rules by validating blocks/transactions. Miners order transactions into blocks and compete in proof-of-work.

Wallets store and manage cryptographic keys used to sign spends. The bitcoin itself exists as UTXOs on the blockchain state.

Bitcoin base layer optimizes final settlement and security. Lightning optimizes speed and cost for day-to-day payment flow.