{"repo":"tee8z/dlctix","free":true,"listed":false,"github":"https://github.com/tee8z/dlctix","clone":"git clone https://github.com/tee8z/dlctix.git","description":"Ticketed Discreet Log Contracts (DLCs) to enable instant buy-in for wager-like contracts on Bitcoin.","language":"Rust","stars":20,"topics":["bitcoin","discreet-log-contract","scriptless","smart-contracts"],"license":"Unlicense","category":"blockchain-web3","readme_excerpt":"dlctix Ticketed Discreet Log Contracts (DLCs) to enable instant buy-in for conditional payment contracts on Bitcoin. This project is part of the Backdrop Build V3 cohort [!IMPORTANT] As of 2026-05-12, this repository and the Rust crate have been transferred to a new owner, as the original author (@conduition) no longer has time to maintain them. Summary To read more about this concept in detail, see this full blog post. A group of people don't trust each other, but DO trust some 3rd-party mediator called an Oracle. They want to wager money on some future event and redistribute the money depending on which outcome occurs (if any), according to the Oracle. Real-world examples include: - Futures contracts (e.g. Contracts for Derivatives) - Insurance contracts - Security deposits (e.g. for car rentals) - Gambling - Competition prizes Discreet Log Contracts (DLCs) enable this kind of conditional payment to be executed natively on Bitcoin, with great efficiency. They have been known about for many years, but traditional DLCs are not scaleable to large contracts with many people buying in with very small amounts, such as lotteries or crowdfunding, because a traditional DLC requires on-chain Bitcoin contributions from every participant in the DLC who is buying in - otherwise the contract would not be secure. The fees on such a jointly-funded contract quickly become impractical. There are also privacy issues: Every participant would be permanently associating their on-chain bitcoins w","default_branch":null,"files":null,"tree":[],"storefront":"/r/tee8z","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/tee8z/dlctix/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}