{"id":2633,"date":"2016-07-05T08:35:20","date_gmt":"2016-07-05T05:35:20","guid":{"rendered":"https:\/\/forklog.media\/?p=2633"},"modified":"2016-07-08T21:14:15","modified_gmt":"2016-07-08T18:14:15","slug":"bitcoin-core-activates-csv-soft-fork","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-core-activates-csv-soft-fork\/","title":{"rendered":"Bitcoin Core Activates CSV Soft Fork"},"content":{"rendered":"<p>Bitcoin Core developers have announced they activated CSV soft fork, which incluides BIP68, BIP113, and BIP112. <!--more--><\/p>\n<p>The first block to feature the soft fork is numbered #419328 as announced in Bitcoin Core&#8217;s official Twitter.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CSV soft fork (BIP 68,112 &amp; 113) activated on block #419328 <a href=\"https:\/\/t.co\/IYYeSfkUAd\">https:\/\/t.co\/IYYeSfkUAd<\/a><\/p>\n<p>&mdash; Bitcoin Core Project (@bitcoincoreorg) <a href=\"https:\/\/twitter.com\/bitcoincoreorg\/status\/750109924059860992?ref_src=twsrc%5Etfw\">July 4, 2016<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BIP68 allows miners to set transaction processing time. In other words, miners won&#8217;t be able to start processing a transaction before a certain time. This addition will also enable two-direction channels for HTLC (Hashed Timelock Contracts).<\/p>\n<p>One of HTLC&#8217;s possible real-life applications is integration of minute-wise payments for streamed videos. A user may refuse to watch the entire video and pay only for the part that he or she had actually watched.<\/p>\n<p>In that case, the payment will be effected automatically via a two-direction channel, where a particular amount of bitcoins had been &#8216;frozen&#8217; in advance.<\/p>\n<p>BIP113 relates to including temporarily frozen transactions into a block, while BIP112 is required for implementation of long-expected <a href=\"http:\/\/forklog.media\/tag\/lightning-network\/\" target=\"_blank\">Lightning Network<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Core developers have announced they activated CSV soft fork, which incluides BIP68, BIP113, and BIP112.<\/p>\n","protected":false},"author":1,"featured_media":2608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[460,143,459],"class_list":["post-2633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bip","tag-bitcoin-core","tag-softfork"],"aioseo_notices":[],"amp_enabled":true,"views":"127","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/2633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=2633"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/2633\/revisions"}],"predecessor-version":[{"id":2634,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/2633\/revisions\/2634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/2608"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=2633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=2633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=2633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}