I hereby claim:
- I am MikeD123 on github.
- I am michaeldunworth (https://keybase.io/michaeldunworth) on keybase.
- I have a public key whose fingerprint is C626 2C28 646F 5257 BF1B E189 4A92 D4D9 FEE0 128F
To claim this, I am signing this object:
MikeD123
/ Atomic Swap Example
Created
December 11, 2018 04:24
Atomic Swap Example from MakerDAO chat for BTC used as collateral.
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| https://chat.makerdao.com/channel/collateral-discuss?msg=Ykdeb2tByKgxCMwkX | |
| **Hopefully this example might help conceptualize it!** | |
| This can be done and it's done typically from utilizing atomic swaps. An algorithm for doing a commit/reveal of `x`. | |
| Example of Mike with BTC and you have ETH. You would like to swap your 30 ETH for 1 BTC. | |
| You setup a smart contract on ETH. It is going to be send 30 ETH to my address (*0x12345*) if I fill in the blanks on the following equation. | |
| You have a secret password, and you SHA256 hash of that password. E.g. `password = maker` (but you don't tell me that) |
MikeD123
/ keybase.md
Created
August 16, 2016 00:58