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Hello! Help understanding HTLAs

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Hello from London.

I was hoping someone could help verify my understanding of hash timelock agreements and their use of exchange between ledgers.

In particular, my understanding of the timeouts needed to ensure the lead party does not claim at the last minute, leaving the counterparty unable to claim their funds in time.

I've documented my interpretation of the flow in a short slide deck: https://www.slideshare.net/secret/2aUjZnXAvLm9Fu


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