Hashed Time Lock Agreements

Hashed Time Lock Agreements (HTLAs) enables token transactions and exchanges between different blockchain projects. In the case of traditional token exchanges, traders often need to give tokens to the exchanges in advance, which creates trading risk and require higher processing fees. When using HTLAs, only the sender, the connecting party, and the receiver can make token transactions; no exchange platform is needed. When the transaction fails, the token does not actually transfer, so there is no additional transaction fee. The most typical representative of a hash time-locked contract is Bitcoin's lightning network. Lightning Network provides a scalable micro-pay pass to enhance the transaction processing capabilities outside the chain, while using hash locks to protect the originating tokens. Using time locking, the recipient can generate a cryptographic proof of the payment before a certain agreed time and confirm with the previously agreed hash value to complete the transaction.

Ambr can successfully implement the hash lock mechanism. In addition, since the above transfer has a designated counterpart, the program can be designed to be unlocked by a third party. Even so, the asset is still in the originally specified way of circulation. This design makes it impossible for users to invalidate their own wallet invalid to prevent access. Therefore, Ambr can safely entrust others to act on their behalf and the unlocking instructions will not only not raise security issues, but also have additional benefits.

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