Definition ∞ A decentralized time-lock is a cryptographic mechanism that restricts the spending or access of digital assets until a predetermined future time or condition is met. This system operates without a central authority, relying on smart contracts or protocol rules for enforcement. It ensures that funds remain inaccessible for a specified duration, enhancing security or facilitating scheduled releases.
Context ∞ Decentralized time-locks are gaining prominence in various blockchain applications, including vesting schedules for token allocations and secure multi-party computations. Their use reduces counterparty risk and provides transparency regarding future asset availability. Regulatory discussions often touch upon the implications of such mechanisms for asset control and market manipulation.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
