Smart contracts are central to the idea of creating decentralized communities where wealth and information can be exchanged under predefined terms without centralized intermediaries moderating the exchange. One type of smart contract that is gaining lots of attention is the Hashed TimeLock Contract (or HTLC). Hash locks are a type of encumbrance that restricts the

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Source and More information: An Introductory Guide to Hashed TimeLock Contracts

Author: BTCManager.com