On this episode of “Bitcoin, Defined,” hosts Aaron van Wirdum and Sjors Provoost had been joined by resident sidechain and Layer 2 professional Ruben Somsen, as soon as once more, this time to debate Discreet Log Contracts (DLCs).
DLCs are a sort of sensible contracts for Bitcoin, first proposed by Lightning Community white paper co-author Tadge Dryja. In essence, DLCs are a strategy to carry out bets — however which means they’ll in the end be leveraged for all kinds of monetary devices, together with futures markets, insurances and stablecoins.