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 …
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 …
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, …
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 …
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 …
Discreet Log Contracts Part 2: How They Work [Adaptor Version]
In our last Discreet Log Contract post, we explored the problems faced by most existing smart contracts as well as what Discrete Log Contracts (DLCs) are at a high level. In this post we will detail what exactly what it …
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 …
DLC Key Management Pt 3: Oracle Public Key Distribution
Discreet Log Contracts enable non-custodial speculation directly on top of the bitcoin blockchain. When protocols are non-custodial, it’s important for users to understand how private keys are handled for the duration of their interaction with the protocol. This blog post …
DLC Private Key Management Part 2: The Oracle’s private keys
Oracle Private Key Management Discreet Log Contracts enable non-custodial speculation directly on top of the bitcoin blockchain. When protocols are non-custodial, it’s important for users to understand how private keys are handled for the duration of their interaction with the …
DLC Private Key Management Part 1
Discreet Log Contracts enable non-custodial speculation directly on top of the bitcoin blockchain. When protocols are non-custodial, it’s important for users to understand how private keys are handled in the protocol. With DLCs, there is the potential for millions of …