https://conduition.io/scriptless/keycommit/
Smart contracts on Bitcoin are usually written with the assumption that all of the parties involved distrust one-another. Such contracts are written to have rigid enforceable execution paths. If one party deviates from the cooperative path, they must always do so to their own detriment. This creates an incentive for everyone to cooperate and behave honestly. There are some cases where relaxing this requirement from trustless to trust-minimized can result in major benefits. For instance, Discreet Log Contracts (DLCs) rely on trust-minimized oracles - agents who are trusted to publish signatures
Smart contracts on Bitcoin are usually written with the assumption that all of the parties involved distrust one-another. Such contracts are written to have rigid enforceable execution paths. If one party deviates from the cooperative path, they must always do so to their own detriment. This creates an incentive for everyone to cooperate and behave honestly. There are some cases where relaxing this requirement from trustless to trust-minimized can result in major benefits. For instance, Discreet Log Contracts (DLCs) rely on trust-minimized oracles - agents who are trusted to publish signatures
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Categories: General [c1]