hashlock
English
Etymology
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
- 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
- “Hashlock” in Bitcoin Wiki