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

Definition

Understand the fundamentals, context, and nuances behind this term.

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.