I've created a prototype of this protocol in Sapio for your perusal:
https://github.com/sapio-lang/sapio/blob/master/sapio-contrib/src/contracts/derivatives/dlc.rs
Feel free to tweak the test and use it as a benchmark, i tested 1 oracle
with 100,000 different payouts and saw it take around 13s
Hi all,
A lot is being discussed but just wanted to react on some points.
# CSFS
Lloyd, good point about CSFS not providing the same privacy benefits, and
OP_CAT being required in addition. And thanks Philipp for the link to your
post, it was an interesting read!
Jeremy
>CSFS might have
I'm not sure what is meant concretely by (5) but I think overall
performance is ok here. You will always have 10mins or so to confirm the
DLC so you can't be too fussy about performance!
I mean that if you think of the CIT points as being the X axis (or
independent axes if multivariate) of a
Hi Jeremy,
On Sat, 29 Jan 2022 at 04:21, Jeremy wrote:
> Lloyd,
>
> This is an excellent write up, the idea and benefits are clear.
>
> Is it correct that in the case of a 3/5th threshold it is a total 10x *
> 30x = 300x improvement? Quite impressive.
>
Yes I think so but I am mostly guessing
> CTV DLCs are non-interactive asynchronously third-party unilaterally
creatable.
This is super interesting. I think that would make it easier to do
multi-party DLCs. With a "normal" DLC, you need to have N parties
exchanging and signing CETs and you end up with a combinatorial explosion
of
Apologies for the double post*, but I just had a follow up idea
that's pretty interesting to me.
You can make the close portion of a DLC be an "optimistic" execution with a
choice of justice scheme. This enables closing a DLC somewhat securely
without exposing the oracles on-chain at all.
Lloyd,
This is an excellent write up, the idea and benefits are clear.
Is it correct that in the case of a 3/5th threshold it is a total 10x * 30x
= 300x improvement? Quite impressive.
I have a few notes of possible added benefits / features of DLCs with CTV:
1) CTV also enables a "trustless
Hi dlc-dev and bitcoin-dev,
tl;dr OP_CTV simplifies and improves performance of DLCs by a factor of *a lot*.
## Introduction
Dryja introduced the idea of Discreet Log Contracts (DLC) in his
breakthrough work[1].
Since then (DLC) has become an umbrella term for Bitcoin protocols
that map oracle
