HTLC vs PTLC — What You Need to Know - video Dailymotion

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HTLC (Hash Time-Locked Contract) is the backbone of conditional payments in Lightning. PTLC (Point Time-Locked Contract) is its next-gen upgrade — offering more privacy, flexibility, and better composability. Learn how they differ and why PTLC matters.  #Bitcoin #LightningNetwork #HTLC #PTLC #CryptoEducation #BTC  Welcome to BlockBit! Your go-to hub for cutting-edge crypto and tech content on Dailymotion! Dive into the latest on blockchain, cryptocurrencies, and tech innovations with our updates, insights, and tutorials. Join our community and stay ahead in the digital world. Follow us on social media:  📌 DailyMotion:  https://www.dailymotion.com/BlockBitBTC 📌 Youtube: https://www.youtube.com/@BlockBitBTC  📌 Odysse: https://odysee.com/@BlockBitBTC:1  HODL our mission! Send a crypto donation to fuel our content and get a shoutout in our next video: https://tourniquet.app/donate/BlockBit  Business Inquiries: blockbitbtcb2b@proton.me  Disclaimer: The content in this video is for informational and entertainment purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Cryptocurrency investments carry significant risks, including the potential loss of your entire investment. Blockbit is not responsible for any financial losses incurred.  Subscribe for the latest crypto and tech updates! #BlockBit #Crypto #Tech

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00:00In Bitcoin and Lightning, you might hear acronyms like HGLC and PTLC.

00:04Let's break them down simply.

00:06First, HGLC stands for Hash Time Locked Contract.

00:09It's a smart contract mechanism used in Lightning and cross-chain transactions.

00:12Funds are locked until the receiver reveals a hash preimage before a timeout.

00:16If the receiver fails, the sender can reclaim.

00:19Now, PTLC stands for Point Time Locked Contract or Public Key Time Locked Contract.

00:23It's an evolution beyond HGLC.

00:26Instead of using a hash in preimage, PTLC uses an elliptic curvepoint.

00:29This improves privacy or contracts look-alike, flexibility can support adapter signatures,

00:34scalabilities and composability with advanced constructions.

00:37In short, HGLC is the older way Bitcoin and Lightning enforce conditional payments.

00:41PTLC is the newer method, enabling more privacy and advanced features

00:45and is likely to be the future of conditional payments and Bitcoin scaling layers.

HTLC vs PTLC — What You Need to Know

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