Proof of Commitment in Blockchain

Principle

Proof of Commitment in Blockchain refers to a cryptographic technique where a party demonstrates an irreversible commitment to a specific value or action without immediately revealing the details of that commitment. The principle ensures that once a commitment is made, it cannot be altered without detection, while the committed information remains hidden until a later, chosen time. This mechanism is crucial for multi-stage protocols where pre-disclosure could lead to strategic manipulation.