Glossary term

HTLC

Short for “Hashed TimeLock Contract.” A type of smart contract that reduces risk by creating a time-based escrow that unlocks with a cryptographic passphrase.

  • Updated May 21, 2022
  • First published May 21, 2022
  • Reading time 1 minute
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Definition

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Short for “Hashed TimeLock Contract.” A type of smart contract that reduces risk by creating a time-based escrow that unlocks with a cryptographic passphrase.

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