fbpx
Reading Time: < 1 minute

Encumbrance

An encumbrance is a script within the Bitcoin code that locks an amount before a condition is met. Common forms of encumbrances are Timelocks, Hashlocks, and smart contracts

An encumbrance is also known as a “locking script”.

Links

  • Antonopoulos, Andreas M. Mastering Bitcoin: Unlocking Digital Crypto-Currencies. 2015. pg 116