Hashed Timelock Contract (Htlc)
| A Hashed TimeLock Contract (HTLC) is a feature used to develop smart contracts that can alter payment channels. By using a hash function, the HTLC allows for a conditional payment to be made that is time-locked. This means that the recipient of the payment can only spend the money after a specific amount of time has passed, and only if they know a secret that is used to unlock the funds. This can be used to create contracts that are only valid for a certain period of time, or that can only be completed if certain conditions are met. |
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