![Crypto Terms Glossary: What is Hashed Timeclock Contracts (HTLCs)? Crypto Terms Glossary: What is Hashed Timeclock Contracts (HTLCs)?](/img/156/677/what-is-hashed-timeclock-contracts-htlcs-sm.webp)
Hashed Timelock Contracts (HTCLs) are smart contracts that facilitate atomic swap transactions. These smart contracts function as a "virtual lockbox" that requires a HashLock and TimeLock Key to unlock funds during an exchange.
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