What Is a Timelock Contract?A timelock contract is a smart contract embedded in a blockchain that executes a transaction at a specific time. They are used in hashed timelock contracts and payment channels where specific payment times are needed.Does Bitcoin Have Smart Contracts?Initially, Bitcoin's blockchain was not able to execute smart contracts. However, the Taproot upgrade in 2021 allowed the blockchain to use smart contracts in transactions.What Is a Smart Contract?A smart contract is a program stored on a blockchain that executes when specific conditions are met.
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The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
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Stacks (STX) is a blockchain built to connect Bitcoin (BTC) to decentralized finance (DeFi). The Stacks blockchain is an extra layer they add to the Bitcoin blockchain.