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 …
Discreet Log Contracts in VR!
This weekend Ben gave a talk at Reckless VR about the Basics of DLCs. He talked about a wide range of topics related to DLCs from the oracle problem, to how DLCs work, and even about what it takes to …
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 …
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 …
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 …
Advancing Bitcoin 2020 Review
Recently team members Chris Stewart and Nadav Kohen traveled to Advancing Bitcoin. This conference is designed to showcase technical innovations in the bitcoin/lightning space. We are going to highlight a few things we and other attendees talked about. Enterprise Lightning …
Crypto Hedging With Discreet Log Contracts
Investors trade options and forwards to make money. However, businesses use these financial instruments as a means to reduce and mitigate exposure to risks. The most common methods of hedging are through derivative instruments such as swaps, futures and options. …
Discreet Log Contracts Part 4: Security and Trust Model
So far in our Discrete Log Contracts series, we’ve covered what they are, how they work, and why they’re great. In this final post, we will enter into a practical discussion of the security and trust considerations involved when dealing …
Discreet Log Contracts Part 3: Why They Are Great
In previous posts, we discussed both what Discreet Log Contracts (DLCs) are and how they work in detail. Now, let’s talk about the features of DLCs and how they make powerful oracle contracts. Part 1 – What is a Discreet …
Discreet Log Contracts Part 2: How They Work [OLD NON-ADAPTOR VERSION]
[THIS POST DESCRIBES THE OBSOLETE DLC EXECUTION MECHANISM, FOR UP-TO-DATE INFORMATION, SEE THE NEWER POST] 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) …