Suredbits Lightning Network

DLC Oracle Failure Cases

Discreet Log Contracts (DLCs) are bitcoin-compatible non-custodial oracle contracts in which participants post Bitcoin collateral which is settled depending on an event in the “real-world” as attested to by a set of oracles. In this post, we will be exploring …

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Discreet Log Contracts

Multi-Oracle DLC Deep Dive

A couple weeks ago, we announced that we had successfully executed a DLC on-chain using oracles Bitfinex, Pierre Rochard and Suredbits. In this post, we will be diving into the details of how multi-oracle DLCs are accomplished. Before we dive into …

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Settlement of First Multi-Oracle DLC

On March 11, 2021, Ben and I (Nadav) entered into a Discreet Log Contract on the bitcoin blockchain using a multi-oracle DLC. The oracles used were Bitfinex, Pierre Rochard and Suredbits. For the DLC to settle, 2 out of the …

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Release of Suredbits Oracle Explorer and Krystal Bull

For the past year, the team at Suredbits has been diligently working on Discreet Log Contracts  (DLCs) . DLCs are a new technology that enables non-custodial bitcoin-settled derivatives. It is important to understand how this is accomplished. The core piece …

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Settlement of DLCFD

On December 17th, 2020, Roman and I (Nadav) entered into a special kind of Discreet Log Contract (DLC) called a Contract for Difference (CFD), or Discreet Log Contract for Difference (DLCFD) for short. Roman entered into the CFD with $22.80 …

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Settlement of Volatility DLC

On December 4th, 2020, Chris and I (Nadav) entered into a Discreet Log Contract (DLC) speculating on the BTC/USD price. Specifically, I took the position that over the course of a week the price would move significantly, up or down, …

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Discreet Log Contracts

Settlement of Election DLC

On September 8th 2020 Nicolas Dorier and I (Chris Stewart) entered into a Discreet Log Contract predicated on the outcome of the US presidential election. I wagered 0.6 BTC on “Democrat_win”, while Nicolas Dorier wagered 0.4BTC on “Republican_win”. The total …

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PTLC Proof of Concept

We have written quite extensively about Point-Time-Locked-Contracts (PTLCs) in the past. PTLCs are an upgrade to the existing payment mechanism on the Lightning Network called Hash Time Locked Contracts (HTLCs). If you would like to learn more about PTLCs please …

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Discreet Log Contracts

Transferring In-Channel Lightning DLCs

Transferability of Discreet Log Contracts (DLCs) is of major interest due to the capital inefficiency inherent to contracts which do not rely on custody or counter-party trust. In other words, DLCs require all parties to lock up the maximum collateral …

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