[Bitcoin-development] BIP - Hash Locked Transaction

Gregory Maxwell gmaxwell at gmail.com
Fri Apr 25 20:19:48 UTC 2014


On Fri, Apr 25, 2014 at 1:14 PM, Peter Todd <pete at petertodd.org> wrote:
> Actually I did some work looking at this problem a few months ago and
> other than somewhat larger transactions it looks like implementing
> oracles by having the oracle reveal ECC secret keys works better in
> every case. Notably the oracle can prove they really do have the key by
> signing a challenge message, and with some ECC math the transaction can
> include keys that have been derived from the oracle keys, blinding what
> purposes the oracle is being used for from the oracle itself.

I think the hash-locked transactions are very useful, and I think
Peter agrees (no?)

But I agree with him that that for the oracle case the EC public
points are superior. (Also: Reality keys works like this.)




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