In classical mechanics, the transformation would be x'=x-vt , t'=t. Since, the origin of O' has moved vt units forward along the x-axis with respect to that of O, all points would appear to have moved backwards along the x-axis by vt units, with respect to O'. Time elapsed of course is the same as perceived by O and O'.
In relativistic mechanics, time as perceived by the observers O and O' is not the same. The time would tick slower in O' compared to that of O as seen by O. In other words t' is less than t. The Lorentz transform tells us that,
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Let us understand (1). Suppose that the origins of the two frames (x,t) and (x',t') were initially aligned. After t seconds O' would have moved to x=vt as seen by O. Substituting this in (1) we have,
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This shows, that time t' as perceived by O' would be slower. This means that
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Differentiating (1) with respect to t we have,
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In order for the clocks to be in perpetual synchrony we must have that
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This means that if the observation point were displaced at this rate the clocks would always seem to be in Synchrony.