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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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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Suredbits Lightning Network

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 …

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