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.
The first ever atomic swap between BSV blockchain and BTC Core, paving the way for a greater interoperability with other blockchains—a significant advancement on Bitcoin SV.
sCrypt demonstrates the exchange of coins between two blockchains by using a smart contract called Hash Time-Locked Contract and how it can be used to serve as a basis for non-custodial exchanges.
In this article, sCrypt dives into the example of a trusted oracle generating a PGP signature using the secp256k1 elliptic curve, which is verified and used on-chain using sCrypt.
sCrypt is building a developer platform to bridge the gap between the base Bitcoin protocol and application developers as a platform layer.
sCrypt announces the first successful smart contract written in a high-level programming language on the BTC network.
Multi-signature wallets are used for managing digital assets and are common in joint accounts, escrow services, and secure storage scenarios.
Turing machines can be simulated on Bitcoin, giving it the ability to compute anything there is to compute and reason with computers.
While digital assets can be recovered, implementing an extra layer of protection is still the best solution to prevent losses, and social recovery smart contracts are the way to do it.
