[cryptography] Timelock: time-release encryption incentivised by Bitcoins

ianG iang at iang.org
Thu Jun 5 09:53:56 EDT 2014

For all, the motive for this is well described here:


(please correct me if I'm mistaken...)


On 4/06/2014 14:45 pm, Peter Todd wrote:
> Timelock
> ========
> Create a secret key that can be decrypted in a known amount of time
> using parallel-serial hash chains. The creator can compute the timelock
> in parallel, taking advantage of the large amount of cheap parallelism
> available today, while others are forced to compute it serially,
> constrained by the lack of scalar performance growth.

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