hashlock

Etymology

From hash + lock.

hashlock means A Bitcoin feature that restricts the spending of an output or multiple outputs until a specified piece of data is publicly revealed. Lexicurio rates it Sui generis — a strength score of 91 out of 100.

noun

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