Login All news Marketcap Crypto Glossary Exchange Crypto meme
2024 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

HTLC Contracts

Hash Time Locked Contracts are used in the Atomic Swap technology for example, making it possible to exchange one coin/token type for another. HTLC ensures that both parties finish the required operation within a specified period of time.

For example: two people agree to exchange 1BTC for 20ETH via Atomic Swap ... the HTLC contract verifies that one party has sent the 1BTC and the other one has sent the 20ETH, within a specified period of time. Both parties have to provide a cryptographic proof of payment. In case of one party not doing this, the swap will be canceled and fund will be returned to the person who already sent his coins.


Top Gainer24h
POPCHAIN
$0.2502
108657.00
Top Looser24h
Mobius
$60.287
-72.87
Crypto Glossary
ROI
ROI means Return On Investment, so the % you made on top of the initial inv…
Orphan Block
A block on the blockchain that would normally be considered valid, but it d…
Correction
Usually, when the price of a crypto currency moves significantly in one dir…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.