The first successful discreet log contract has been executed on the Lightning Network by creating a new type of transaction when opening a Lightning channel.
The below is a direct excerpt of Marty’s Bent Issue #1286: “The first mainnet DLC on Lightning has been executed.” Sign up for the newsletter here.
Transaction graph showing how the DLC was executed
via Crypto Garage
It’s been exactly 11 months and two days since we wrote about discreet log contracts (DLCs) in this rag. For those of you who are a bit rusty or completely ignorant in regards to what a Discreet Log Contract is, it is a special type of bitcoin transaction that executes a smart contract with information provided by an oracle.
For example, if two people want to bet on the outcome of Saturday’s NBA contest between the 76ers and Grizzlies they could create a DLC by locking up funds in a multisig address, pre-constructing outcome transactions — if the 76ers win send the sats to this address, if the Gr
We współpracy z: https://bitcoinmagazine.com/technical/dlcs-on-lightning-and-bitcoin-smart-contracts
