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Cryptopedia

Cryptopedia

Hashed Timelock Contract

It is a technology that enables transactions and transfer of tokens issued on different blockchains. Traditionally, traders need to conduct transactions on exchanges where handling fees are required. However, with Hashed Timelock Contract, a transaction can be achieved between users with an interconnected payment channel without requiring trust. The Bitcoin Lighting network of Bitcoin is one of the most popular use cases of Hashed Timelock Contract.
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