Hashed Timelock Contract (HTLC)

A Hashed Timelock Contract (HTLC) is a smart contract used in cryptocurrencies to facilitate transactions between parties who don't necessarily trust each other. An HTLC ensures that funds can only be released to the intended recipient within a certain time frame.

Here's how it works:

- Two parties agree to exchange assets, such as Bitcoin and Ether.

- They create an HTLC contract with a specific time lock and a pre-image, which is a secret code.

- The sender sends the asset to the HTLC contract, which locks the funds until the receiver provides the correct pre-image to the contract.

- The receiver has a certain amount of time to provide the pre-image and claim the funds.

- If the pre-image is not provided within the time frame, the funds are returned to the sender.

HTLCs are useful in cross-chain atomic swaps, which allow the exchange of one cryptocurrency for another without the need for a centralized exchange. They also help prevent fraud in payment channels and enable trustless micropayments.

Also study

Token Sale
A token sale, also known as an initial token offering (ITO), token generation event (TGE), or token crowdsale, refers to the process of offering and selling tokens to investors or the public in exchange for funds or other cryptocurrencies. It is a common method used by blockchain projects to raise capital and distribute their tokens.
Deep Web
The deep web refers to the part of the internet that is not indexed by standard search engines and is therefore not easily accessible to the general public. This part of the web is not illegal or inherently nefarious, but it is often associated with illegal activities due to the anonymity it provides.
Diversification is a risk management strategy that involves spreading investments across multiple asset classes or sectors in order to reduce exposure to any one particular asset or market. This is done to minimize the potential losses that could result from market volatility or unforeseen events.
Market Capitalization
Market capitalization, also known as market cap, is a measure of the total value of a cryptocurrency or a company. It is calculated by multiplying the current market price of a single unit of the cryptocurrency or the company's stock by the total number of units in circulation.

Welcome to the
Next Generation DEX.