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HTLC in Graphics

ijmmaiwitnessPosted to Friends13 days ago

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The text in my yesterday's post on HTLC may be a bit overwhelming for some. Let's keep it simple and use images instead of words. A picture paints a thousand words, right? We are going with the Jack and Pete scenario again.

Step 1

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Step 2

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Step 3

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Step 4

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Pete adjusts the redeem time to match what is left of the redeem time on Jack's contract

Step 5

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Step 6

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Note: As initial creator of the contract, Jack has to redeem first. Only then the preimage (secret phrase) becomes known to Pete.

For more details, check this post


Image Source
Image Source
Image Source



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