Time-Lock Puzzles

Definition ∞ Time-Lock Puzzles are cryptographic mechanisms designed to keep a piece of information secret until a specified amount of time has passed, regardless of computational power. Solving these puzzles requires a minimum amount of sequential computation, making it impossible to speed up the process by using more processors. They are used for delayed release of data or conditional access.
Context ∞ In advanced cryptography and blockchain news, time-lock puzzles are discussed for their potential applications in secure data release, verifiable delay functions, and fair protocol design. These puzzles can prevent front-running in decentralized exchanges or ensure the impartial distribution of information. Research into their practical implementation and security guarantees continues to progress.