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Jun 27 โข 8 tweets โข 2 min read
Another day, another thread! The second in a week-long daily series designed to ELI5 Portal's most important tech concepts and vision:
Yes, and itโs not sci-fi! Itโs called an HTLC.
Hereโs how atomic swaps work ๐งตโคต๏ธ
First: HTLC stands for ๐๐ฎ๐๐ต๐ฒ๐ฑ ๐ง๐ถ๐บ๐ฒ-๐๐ผ๐ฐ๐ธ๐ฒ๐ฑ ๐๐ผ๐ป๐๐ฟ๐ฎ๐ฐ๐.
It sounds intimidating, but itโs based on two simple ingredients:
๐ A secret (hash)
โณ A countdown (timelock)
And together, they make trustless trades possible.