sCrypt has developed limit orders on chain and it is based on a type of smart contract called covenants, where an output can be spent only if the transaction that spends it meets specific criteria.
To ensure data on the blockchain remains confidential and secure, sCrypt employs homomorphic encryption, which allowis computations to be performed on encrypted data without decrypting it.
sCrypt announces the addition of 1Sat Ordinals in its developer platform, a move that seeks to improve the tooling for ordinal inscriptions, which today remains underdeveloped.
Ordinals can be combined with Bitcoin smart contracts, and to demonstrate the power and flexibility of combining them, sCrypt locks up an ordinal into an HTLC and atomically swaps it with bitcoins.
In this article, sCrypt explores how blockchain technology can be used to implement such a financial instrument and discuss the potential benefits of using blockchain for this purpose.
In this article, sCrypt demonstrates how to control the distribution and issuance of BSV-20 tokens after minting such tokens.
In this article, sCrypt shows how to integrate Bitcoin smart contracts with Ordinals with the fungible version, i.e., BSV-20 tokens.
To showcase ways to integrate ordinals with smart contracts, sCrypt developed a system that enables the on-chain auctioning of an ordinal—guaranteeing the auctioneer will receive the highest bid.
sCrypt shows how to add smart contract capabilities to Ordinals, noting that Ordinals are compatible with smart contracts and perfectly suited for it.
Due to the advent of blockchain technology, sealed auctions can now be implemented on-chain, offering a number of advantages over traditional auctions.
Cross-chain atomic swaps can now be done on blockchains lacking hash locks and time locks using SPV and Full Protocol Sequence—the alternative ways without needing the Hash Time Locked Contracts.