hashlock

English

Etymology

From hash + lockCategory:English compound terms#HASHLOCK.

Pronunciation

Noun

hashlock (plural hashlocks)Category:English lemmas#HASHLOCKCategory:English nouns#HASHLOCKCategory:English countable nouns#HASHLOCKCategory:English entries with incorrect language header#HASHLOCKCategory:Pages with entries#HASHLOCKCategory:Pages with 1 entry#HASHLOCK

  1. 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:
      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.
      Category:English terms with quotations#HASHLOCK

Further reading

Category:English compound terms Category:English countable nouns Category:English lemmas Category:English nouns Category:English terms with quotations Category:Pages with 1 entry Category:Pages with entries Category:Rhymes:English/ɒk Category:Rhymes:English/ɒk/2 syllables