timelocks
Timed access barriers
Timelocks are security mechanisms that prevent access until a specified time has passed.
A bank vault with a timelock cannot be opened even with the correct combination until the preset hour arrives.
In cryptocurrency, timelocks restrict when funds can be spent or transactions executed.
The concept extends to any system where delay is enforced: The contract included a timelock preventing sale for five years.
Enforced waiting period
- intervalDuration between two points
- durationLength of existence
- scheduledArranged for specific time
- programmedSet with instructions
automatic · trigger · release · activation · clock · preset · configuration · synchronization
Secure storage chamber
- encryptionConverting data into code
- blockchainCryptographic linked transaction record
- escrowConditional third-party deposit
- cryptocurrencyEncrypted decentralized money
authentication · safeguard · authorization · cryptography · custody · threshold · embargo · quarantine
delay
Enforced waiting period
programmed · automatic · trigger · release · activation · clock · preset · configuration · synchronization
vault
Secure storage chamber
- encryptionConverting data into code
- blockchainCryptographic linked transaction record
- escrowConditional third-party deposit
cryptocurrency · authentication · safeguard · authorization · cryptography · custody · threshold · embargo · quarantine · freeze
expiration
End of validity
lapse · activation · trigger · maturity · vesting
timelockscombination locks
Keyless number-secured fasteners
biometric locks · padlocks · deadbolts · keypads · fingerprint scanners
timelocksinstant access
Reaching something without delay
immediate release · open access · free entry · quick release