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Exploring Discrete Log Contracts and Oracles
This chapter examines Discrete Log Contracts (DLCs) and their reliance on independent data sources to determine outcomes, including real-world event results. The discussion highlights advancements in cryptography that allow for the effective implementation of DLCs on Bitcoin, while also addressing scalability concerns compared to Ethereum. Furthermore, the chapter explores the role of Oracles in facilitating smart contracts and emphasizes the potential benefits of using off-chain solutions for improved privacy and reduced costs.