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Meaning of hashlock | Babel Free

Noun CEFR B2

Definitions

A Bitcoin feature that restricts the spending of an output or multiple outputs until a specified piece of data is publicly revealed.

Examples

“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.”

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

hashmagandy Hashman hashmap Hashmi hashrate Hashshashin