Contract & Time Lock

A Hashed Timelock Contract (HTLC) is a type of smart contract used in blockchain applications to eliminate counterparty risk by enabling the implementation of time-bound transactions. In practical terms, this means that recipients of a transaction have to acknowledge payment by generating cryptographic proof within a certain timeframe. Otherwise, the transaction does not take place.
Here, KIMOCHI's contracts are timelocked in 2 days. So the rugs will never appear.
Last modified 1yr ago