Skip to main content

This site is for educational purposes only. Nothing here constitutes financial advice.

Back to all terms
security

Commitment Scheme

A cryptographic primitive that produces a short 'fingerprint' of a value which hides it (hiding) while binding you to it so you can't later change it (binding) — like sealing a value in an envelope to open later. A simple version hashes a secret with random salt. Commitments underpin fair coin flips, sealed-bid auctions, voting, and privacy systems, where you prove you did something without revealing the details yet.

Related terms

Every glossary term is educational only. Nothing on this page constitutes financial, investment, tax, or legal advice. Browse all 405 terms →