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Could dlcBTC Resolve the Issues With Wrapped Bitcoin? - Ep. 690

Unchained

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Exploring Discrete Log Contracts in Bitcoin

This chapter details the speaker's entry into the Bitcoin ecosystem and their fascination with Discrete Log Contracts (DLCs), emphasizing their potential to enhance Bitcoin's functionalities. Through a simple betting scenario, it explains how DLCs work and their evolution following the Taproot upgrade. Additionally, the chapter discusses the advantages of DLCBTC over traditional wrapped Bitcoin solutions, addressing risks associated with centralized custody models.

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