nLocktime and Delayed Transactions | Bitcoin Masterclass Day 2

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In the first session on day two, Dr Craig Wright discussed the concept of ordering transactions and having path-based sessions. He also discussed some of the practical use cases for nLocktime. In the second session on day two, Dr Wright asked attendees to think of ways to use time-locked Deterministic Finite Automata (DFAs) to create processes for creating products or services. This included everything from shipbuilding and construction to issuing degrees. In the third session on day two, Dr Wright looked at the usage of nLocktime contracts in supply chains and services. He also held a workshop with attendees imagining different products and services that can be created using them. In the final session on day two, Dr Wright asked the attendees to think of ways to use nLocktime to make business easier for small to medium companies, such as by helping them raise money, sell bonds, and capture market data.

Technology

1
nLocktime and
Delayed Transactions
Dr Craig Wright | Chief Scientist | nChain
Bitcoin Masterclass Series: Part 4
DAY 1
#4
If you have any questions, please email them to events@nchain.com

Delegate Registration
Session 5: Ordering Transactions and Having Path-Based Sessions
Coffee Break
Q&A / Breakout Session
Session 6: Workshop Two
Lunch
Session 7: Logistics, Supply-Chain Management, and Stock Control
Coffee Break
Q&A / Breakout Session
Session 8: Conclusion and Examples
Event Wrap-up
09:30 – 10:00
10:00 – 11:00
11:00 – 11:20
11:20 – 11:30
11:30 – 12:30
12:30 – 13:30
13:30 – 14:30
14:30 – 14:50
14:50 – 15:00
15:00 – 16:00
16:00 – 16:30
Agenda
DAY
2
If you have any questions, please email them to events@nchain.com

3
NLOCKTIME AND DELAYED TRANSACTIONS
Session5:
Ordering Transactions and Having Path-Based Sessions
If you have any questions, please email them to events@nchain.com
This session looks at the creation of complex control systems, including perceptrons.

4
NLOCKTIME AND DELAYED TRANSACTIONS
CoffeeBreak
If you have any questions, please email them to events@nchain.com

5
NLOCKTIME AND DELAYED TRANSACTIONS
Q&A/BreakoutSession
If you have any questions, please email them to events@nchain.com

6
NLOCKTIME AND DELAYED TRANSACTIONS
Session6:
Workshop Two: Time-Locked DFAs
If you have any questions, please email them to events@nchain.com

7
NLOCKTIME AND DELAYED TRANSACTIONS
Lunch
If you have any questions, please email them to events@nchain.com

8
NLOCKTIME AND DELAYED TRANSACTIONS
Session7:
Logistics, Supply-Chain Management, and Stock Control
If you have any questions, please email them to events@nchain.com
In this session, we will discuss the creation of supply-chain management and logistics systems, including bills of
exchange, systems to follow and trace goods, and the creation of insurance contracts.

9
NLOCKTIME AND DELAYED TRANSACTIONS
CoffeeBreak
If you have any questions, please email them to events@nchain.com

10
NLOCKTIME AND DELAYED TRANSACTIONS
Q&A/BreakoutSession
If you have any questions, please email them to events@nchain.com

11
NLOCKTIME AND DELAYED TRANSACTIONS
Session8:
Conclusion and Examples
If you have any questions, please email them to events@nchain.com

12
NLOCKTIME AND DELAYED TRANSACTIONS
EventWrap-up
If you have any questions, please email them to events@nchain.com

13
NLOCKTIME AND DELAYED TRANSACTIONS
Thankyou
If you have any questions, please email them to events@nchain.com

Dr Wright began the second day by discussing the monitoring of transactions across multiple systems and linking these to a single user. Wright also explained what on-chain receipts could look like - and how these can be private, with the data not visible to just anyone on the public blockchain. Read and watch: https://www.bsvblockchain.org/news/monitoring-transactions-across-multiple-systems In the second session on day two, Dr Wright discussed Benford transactions and how they relate to privacy. Wright refers to ‘Benford’s Law’ in accounting as a means to spot unusual activity in seemingly random series of transactions. Learn more at https://www.bsvblockchain.org/news

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In the first session on day one, Wright discussed the differences between nLockTime and some of the alternative solutions on BTC and why these differences are so important. Read more: https://www.bsvblockchain.org/news/nlocktime-vs-other-solutions Wright also discussed the difference between holding Bitcoin for speculation purposes and using it for its intended purpose as a payments system. Read more: https://www.bsvblockchain.org/news/integrating-payment-channels-and-nlocktime In the third session on day one, Wright discussed the potential complexity of contracts on Bitcoin and how to handle situations where time-based transactions might conflict. In the final session on day one, attendees were asked to split up and brainstorm how nLockTime transactions and Bitcoin contracts could be used in real-world use cases.

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nLocktime and Delayed Transactions | Bitcoin Masterclass Day 2

1. 1 nLocktime and Delayed Transactions Dr Craig Wright | Chief Scientist | nChain Bitcoin Masterclass Series: Part 4 DAY 1 #4 If you have any questions, please email them to events@nchain.com

2. Delegate Registration Session 5: Ordering Transactions and Having Path-Based Sessions Coffee Break Q&A / Breakout Session Session 6: Workshop Two Lunch Session 7: Logistics, Supply-Chain Management, and Stock Control Coffee Break Q&A / Breakout Session Session 8: Conclusion and Examples Event Wrap-up 09:30 – 10:00 10:00 – 11:00 11:00 – 11:20 11:20 – 11:30 11:30 – 12:30 12:30 – 13:30 13:30 – 14:30 14:30 – 14:50 14:50 – 15:00 15:00 – 16:00 16:00 – 16:30 Agenda DAY 2 If you have any questions, please email them to events@nchain.com

3. 3 NLOCKTIME AND DELAYED TRANSACTIONS Session5: Ordering Transactions and Having Path-Based Sessions If you have any questions, please email them to events@nchain.com This session looks at the creation of complex control systems, including perceptrons.

4. 4 NLOCKTIME AND DELAYED TRANSACTIONS CoffeeBreak If you have any questions, please email them to events@nchain.com

5. 5 NLOCKTIME AND DELAYED TRANSACTIONS Q&A/BreakoutSession If you have any questions, please email them to events@nchain.com

6. 6 NLOCKTIME AND DELAYED TRANSACTIONS Session6: Workshop Two: Time-Locked DFAs If you have any questions, please email them to events@nchain.com

7. 7 NLOCKTIME AND DELAYED TRANSACTIONS Lunch If you have any questions, please email them to events@nchain.com

8. 8 NLOCKTIME AND DELAYED TRANSACTIONS Session7: Logistics, Supply-Chain Management, and Stock Control If you have any questions, please email them to events@nchain.com In this session, we will discuss the creation of supply-chain management and logistics systems, including bills of exchange, systems to follow and trace goods, and the creation of insurance contracts.

9. 9 NLOCKTIME AND DELAYED TRANSACTIONS CoffeeBreak If you have any questions, please email them to events@nchain.com

10. 10 NLOCKTIME AND DELAYED TRANSACTIONS Q&A/BreakoutSession If you have any questions, please email them to events@nchain.com

11. 11 NLOCKTIME AND DELAYED TRANSACTIONS Session8: Conclusion and Examples If you have any questions, please email them to events@nchain.com

12. 12 NLOCKTIME AND DELAYED TRANSACTIONS EventWrap-up If you have any questions, please email them to events@nchain.com

13. 13 NLOCKTIME AND DELAYED TRANSACTIONS Thankyou If you have any questions, please email them to events@nchain.com

14. www.nchain.com contact@nchain.com

nLocktime and Delayed Transactions | Bitcoin Masterclass Day 2

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