Generalized Bitcoin Channels
In this post we will delve into the new ideas brought forward in the paper “Generalized Bitcoin-Compatible Channels” for improving the future Lightning Network. Section: Paper Takeaways Let us start by summarizing the higher-level contents of the “Generalized Bitcoin-Compatible Channels” …
End-to-end DLC Client Demo
As work on DLCs continues, we have another demo to show you guys. This is an improvement on our original DLC wallet demo because it now has an integrated way to call upon our Suredbits APIs to be able to …
Punishing Cheating DLC Oracles (Demo)
As our work implementing Discreet Log Contracts (DLCs) continues, we slowly get to see all of their fancy features programmatically brought to life (and even the occasional UI) from their white paper homes. Today I would like to discuss and …
Transferring Lightning DLCs
In the past couple weeks we’ve discussed how to execute Discreet Log Contracts (DLCs) on Lightning and how to transfer Lightning payments using Payment Points and barrier escrows. Today we are going to join these two concepts and discuss how …
Updating and Transferring Lightning Payments
In this series about Payment Points on Lightning, we’ve been focusing on mechanisms that enable somewhat generic off-chain contracts. We’ve discussed how points can enforce monotonic access structures and how we can use Barrier Escrows to make multiple payments atomic. …
Discreet Log Contracts on Lightning Network
In previous posts we have explained what Discreet Log Contracts (DLCs) are and why they are so great, and even gave a demo on a work in progress implementation. Today we are going to look into the future of DLCs …
Payment Points: Implementing Barrier Escrows
In the previous post, we discussed how to construct multi-payment Lightning contracts by using Barrier Escrows to make multiple payments atomic. In this post, we will discuss various ways of implementing Barrier Escrows and analyze their trade-offs. Payment Points Series: …
Payment Points and Barrier Escrows
In the previous post in our Payment Points series, we discussed the large class of contracts that can be created on a PTLC-based Lightning Network using monotonic access structures. In this post, we want to further develop the idea that …
Payment Points: Monotone Access Structures
In our past series about Payment Points on Lightning, we covered the foundations of Payment Points and explored some important features they enable. Replacing HTLCs “Stuckless” Payments Escrow Contracts Selling Signatures Barrier Escrows Implementing Barrier Escrows Transferring and Updating Contracts …
Discreet Log Contract Demonstration
For the past couple months, in collaboration with our friends at Crypto Garage, we have been working on implementing and creating a specification for Discreet Log Contracts (DLCs). We have written extensively about what DLCs are, how they work, and …