Trust Machines Logo

What is a Hashed Time Locked Contract (HTLC)?

A Hashed Time Locked Contract (HTLC) is a type of Bitcoin smart contract that serves as a conditional transaction with time-bound contingencies. These time constraints are hardcoded, with Bitcoin only being released released at a specific time and date (or block). If certain requirements within the contract are not met before a preset deadline, the transaction is canceled.

Share This Article
Builder Tracking Pixel

Related Terms