Block chain transaction LOCK TIME ? | Bitcointalksearch.org

letyouearn2

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Quote from: letyouearn2 on May 30, 2016, 06:43:54 AM

When transaction has been made on block chain . It is showing lock time with block number which takes much time to confirm. Can anyone tell me what does it mean ?

Is there any member here who can explain me about this lock time feature of blockchain transaction ?

letyouearn2

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Quote from: letyouearn2 on May 31, 2016, 01:10:49 PM

Quote from: amacar2 on May 31, 2016, 01:07:52 PM

It is showing ( 2016-05-28 14:23:27 + 0 minutes ) in your transaction that mean it is confirmed within 0 minute or instantly after you send it. But may be the site where you deposit it require 3 confirmation to get that transaction approved so that it might not have shown in your balance there. I don't see any term like lock transaction for bitcoin.

" Lock Time Block: 413784 " . This is the one I am confused about what is it.

Looks interesting to know this because i am always checking block chain result but didnt know them why there's blocks then numbers and block size some times they are different size but the same amount sending..

Isn't it really strange that no one knows about this lock time feature of block chain. ?

letyouearn2

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Quote from: amacar2 on May 31, 2016, 01:07:52 PM

It is showing ( 2016-05-28 14:23:27 + 0 minutes ) in your transaction that mean it is confirmed within 0 minute or instantly after you send it. But may be the site where you deposit it require 3 confirmation to get that transaction approved so that it might not have shown in your balance there. I don't see any term like lock transaction for bitcoin.

" Lock Time Block: 413784 " . This is the one I am confused about what is it.

amacar2

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It is showing ( 2016-05-28 14:23:27 + 0 minutes ) in your transaction that mean it is confirmed within 0 minute or instantly after you send it. But may be the site where you deposit it require 3 confirmation to get that transaction approved so that it might not have shown in your balance there. I don't see any term like lock transaction for bitcoin.

letyouearn2

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Quote from: mobnepal on May 31, 2016, 12:39:07 PM

Quote from: letyouearn2 on May 31, 2016, 07:23:34 AM

Can anyone explain me about the lock time features of blockchain please ?

Can you post your transaction detail here so we can have better look at your transaction and comment. Lock time? i haven't heard about that before post transaction hash in opening post.

Transaction is done and confirmed . But when I received it it didn't shown at my wallet immediately bcoz of this lock time though 3 confirmations has been done.

Transaction link = https://blockchain.info/tx/a3188741187b00d8a80965fc04408e3b2686a57084d11e595d13ad3328a12305

mobnepal

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Quote from: letyouearn2 on May 31, 2016, 07:23:34 AM

Can anyone explain me about the lock time features of blockchain please ?

Can you post your transaction detail here so we can have better look at your transaction and comment. Lock time? i haven't heard about that before post transaction hash in opening post.

letyouearn2

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Activity: 322

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Can anyone explain me about the lock time features of blockchain please ?

letyouearn2

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Activity: 322

Merit: 250

Quote from: OmegaStarScream on May 30, 2016, 07:01:02 AM

I'm not sure what do you mean by "lock time" honestly and I don't see such a field on a transaction : https://blockchain.info/tx/77a30ed2bf4ad2e5190d3c7b58fe08dc1fa291ca09083fe59879799f8dcc09f7

If you are speaking about Included In Blocks field then it when the transaction has been made + how much time it took it to confirm.

I have a knowledge of how and when transaction got confirmed. But I don't know what is this lock time.

andreld

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Quote from: OmegaStarScream on May 30, 2016, 07:01:02 AM

I'm not sure what do you mean by "lock time" honestly and I don't see such a field on a transaction : https://blockchain.info/tx/77a30ed2bf4ad2e5190d3c7b58fe08dc1fa291ca09083fe59879799f8dcc09f7

If you are speaking about Included In Blocks field then it when the transaction has been made + how much time it took it to confirm.

No he is right it does show Locktime but just for a few moments and than it will change to included in blocks.
You can try it yourself find some unconfirmed transaction and refresh each 10 seconds or so and you will see this message.

More info

https://bitcointalksearch.org/topic/whats-a-lock-time-block-xxxx-1331264

This is copy paste and not my info credits going to the original poster !!!!

Blocks are files where data pertaining to the Bitcoin network is permanently recorded. A block records some or all of the most recent Bitcoin transactions that have not yet entered any prior blocks. Thus a block is like a page of a ledger or record book.

The Bitcoin transaction lock time is the time at which a particular transaction can be added to the blockchain . This is the earliest time that miners can include the transaction in their hashing of the
Merkle root to attach it in the latest block to the blockchain.
Some research on google 'ld help you.
P.S. Guilelessly, this was an anamolous question from a hero rank member.

OmegaStarScream

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I'm not sure what do you mean by "lock time" honestly and I don't see such a field on a transaction : https://blockchain.info/tx/77a30ed2bf4ad2e5190d3c7b58fe08dc1fa291ca09083fe59879799f8dcc09f7

If you are speaking about Included In Blocks field then it when the transaction has been made + how much time it took it to confirm.

letyouearn2

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When transaction has been made on block chain . It is showing lock time with block number which takes much time to confirm. Can anyone tell me what does it mean ?

Topic: Block chain transaction LOCK TIME ? (Read 1506 times)