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	Create 9_1_Understanding_Timelock_Options.md
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| # 9.1: Understanding Timelock Options | ||||
| 
 | ||||
| > **NOTE:** This is a draft in progress, so that I can get some feedback from early reviewers. It is not yet ready for learning. | ||||
| 
 | ||||
| In [§6.4: Sending a Transaction with a Locktime](6_4_Sending_a_Transaction_with_a_Locktime.md), `nLocktime` provided a great basis for locking transactions so that they couldn't be spent until some point in the future — based either on time or blockheight. But, that's not the only way to put a timelock on a transaction. | ||||
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| ## Understand the Limitations of nLockTime | ||||
| 
 | ||||
| 1. [whole transaction] | ||||
| 2. [can't even be put on network] | ||||
| 
 | ||||
| ## Understand the Possibilities of Timelock Scripts | ||||
| 
 | ||||
| [a script locks a single output] | ||||
| [can be used for as part of more complex redemption conditions] | ||||
| - largely depend on conditionals in next chapter | ||||
| 
 | ||||
| here's a catch: [can't be negative; make available in the future, but not the converse] | ||||
| 
 | ||||
| ### CLTV | ||||
| 
 | ||||
| [like nLockTime, but for a single output] | ||||
| 
 | ||||
| ### CSV | ||||
| 
 | ||||
| [relative time] | ||||
| 
 | ||||
| ## Summary: Understanding Timelock Options | ||||
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