Definition ∞ Timelock encryption is a cryptographic technique where data is encrypted in such a way that it can only be decrypted after a specific period has elapsed. This is achieved by linking decryption to a computational puzzle that takes a predetermined amount of time to solve. It ensures that sensitive information remains confidential until a designated future moment. This method is useful for scheduled releases or deferred access.
Context ∞ The application of timelock encryption is gaining traction in scenarios requiring verifiable delayed access to information or digital assets, such as vesting schedules or sealed-bid auctions. News occasionally reports on new protocols leveraging this technology for enhanced fairness and predictability. The ongoing development focuses on making these time-release mechanisms more robust and efficient.
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