Re: [bitcoin-dev] [Annoucement] Discreet Log Contract Protocol Specification

[Nadav Kohen <nadav@suredbits.com>]

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Hi List,

We now have have some working code for executing 2-outcome Discreet Log
Contracts as well as documentation
<https://bitcoin-s.org/docs/next/applications/dlc> on how to use it, and
would love if anyone wanted to try it out!

Here's a short blog post
<https://suredbits.com/discreet-log-contract-demonstration/> with a video
demo of an execution.

And as always, we would also be thrilled if anyone interested in reviewing
or contributing took a look at our work-in-progress specification
<https://github.com/discreetlogcontracts/dlcspecs/>.

Best,
Nadav

On Tue, Jan 28, 2020 at 3:38 AM Lloyd Fournier via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Hi Chris,
>
> This is a really exciting effort. I hope I will be able to contribute to
> it. I was wondering if you had seen the idea that DLCs can be done in only
> two transaction using Schnorr[1]. I also think this can be done in Bitcoin
> as it is today using ECDSA adaptor signatures [2]. In my mind, the adaptor
> signature protocol is both easier to specify and implement on top of being
> cheaper and more private.
>
> LL
>
> [1] https://lists.launchpad.net/mimblewimble/msg00485.html
> [2]
> https://lists.linuxfoundation.org/pipermail/lightning-dev/2019-November/002316.html
>
> On Tue, Jan 14, 2020 at 2:12 AM Chris Stewart via bitcoin-dev <
> bitcoin-dev@lists.linuxfoundation.org> wrote:
>
>> Hi all,
>>
>> Suredbits and Crypto Garage have begun to work on a specification for
>> using discreet log contracts <https://adiabat.github.io/dlc.pdf> in a
>> safe, private and interoperable way. We are writing to the mailing list to
>> inform and solicit feedback for the protocol specification so that we can
>> -- as a community -- agree on a common standard to use Bitcoin oracles.
>>
>> Our goal is to end up with a set of documents like the BIPs (Bitcoin
>> Improvement Proposals) and BOLTs (Basis of Lightning Technology) so that
>> others that wish to use the technology can easily write software to
>> integrate into the protocol.
>>
>> A secondary goal of ours is to remain compatible with standards used by
>> other bitcoin related protocols (like Lightning) so that every future
>> bitcoin related protocol can reach for a “toolbox” of agreed standards for
>> things like funding transactions and closing transactions. We want to avoid
>> reinventing the wheel where possible and allow for library developers to
>> re-use software to hook into many bitcoin related protocols.
>>
>> You can find the specification repository here:
>>
>> https://github.com/discreetlogcontracts/dlcspecs/
>>
>> For more information on DLCs:
>>
>> [1] - https://adiabat.github.io/dlc.pdf
>>
>> [2] - https://cryptogarage.co.jp/p2pd/
>>
>> [3] -
>> https://suredbits.com/discreet-log-contracts-part-1-what-is-a-discreet-log-contract/
>>
>> [4] -
>> https://blockstream.com/2019/04/19/en-transacting-bitcoin-based-p2p-derivatives/
>>
>> [5] - https://dci.mit.edu/smart-contracts
>>
>> -Chris
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