Explained: Hashed Timelock Contracts in Blockchain Applications

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HTLC transactions require the receiving party to log-in a generated passphrase within a pre-decided timeframe. If either of these criteria are not met with, the transaction is not processed.

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My name is Imran Mohammad Khan, and I enjoy blogging and talking about my ideas and experiences with other people. I'm a passionate writer and I like to produce stuff that aids in people's growth and learning. I'm constantly seeking for fresh ways to communicate with others and express myself. I really think that Knowledge is Power and work to impart it to everyone around me. I enjoy learning new things in the fields of Science and Space.

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