Local CashScript Contract for local.bitcoin.com

Local.cash

contract Local(
  bytes20 sellerPHK, // Hash160 of seller's public key
  bytes20 buyerPKH, // Hash160 of buyer's public key
  bytes20 arbitratorPKH, // Hash160 of arbitrator's public key
  bytes escrowKey // Nonce (just some unimportant random bytes unique per exchange)
) {
  function spend(
    sig spenderSig,
    pubkey spenderPK,
    datasig oracleSig,
    pubkey oraclePK,
    int actionByte
  ) {
    bytes20 verifySpenderPKH = bytes20(0);
    bytes20 verifyOraclePKH = bytes20(0);
    if (actionByte == 1) {
      // OP_1 is the code for "releaseBySeller"
      verifySpenderPKH = buyerPKH;
      verifyOraclePKH = sellerPHK;
    } else if (actionByte == 2) {
      // OP_2 is the code for "releaseByArbitrator"
      verifySpenderPKH = buyerPKH;
      verifyOraclePKH = arbitratorPKH;
    } else if (actionByte == 3) {
      // OP_3 is the code for "returnByBuyer"
      verifySpenderPKH = sellerPHK;
      verifyOraclePKH = buyerPKH;
    } else if (actionByte == 4) {
      // OP_4 is the code for "returnByArbitrator"
      verifySpenderPKH = sellerPHK;
      verifyOraclePKH = arbitratorPKH;
    } else {
      // Action byte is unknown; fail.
      require(false);
    }
    require(hash160(oraclePK) == verifyOraclePKH);
    require(hash160(spenderPK) == verifySpenderPKH);
    // Construct message
    bytes oracleMessage = escrowKey + bytes(actionByte);
    // Verify oracle's signature
    require(checkDataSig(oracleSig, oracleMessage, oraclePK));
    // Verify spender's tx signature
    require(checkSig(spenderSig, spenderPK));
  }
}