hashlock
English
[edit]Etymology
[edit]Pronunciation
[edit]- Rhymes: -ɒk
Noun
[edit]hashlock (plural hashlocks)
- A Bitcoin feature that restricts the spending of an output or multiple outputs until a specified piece of data is publicly revealed.
- 2016 January 14, Joseph Poon, Thaddeus Dryja, “The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments”, in Lightning Network[1]:
- By encumbering the Bitcoin transaction outputs with a hashlock and timelock, the channel counterparty will be unable to outright steal funds and Bitcoins can be exchanged without outright counterparty theft.
Further reading
[edit]- “Hashlock” in Bitcoin Wiki