Re: [bitcoin-dev] CTV dramatically improves DLCs

2022-03-15 Thread Jeremy Rubin via bitcoin-dev
I've created a prototype of this protocol in Sapio for your perusal:

https://github.com/sapio-lang/sapio/blob/master/sapio-contrib/src/contracts/derivatives/dlc.rs

Feel free to tweak the test and use it as a benchmark, i tested 1 oracle
with 100,000 different payouts and saw it take around 13s on a release
build.

I'll be playing around with this a bit (I doubt Sapio Studio can handle a
gui for 100,000 nodes), but I figured it was worth a share.

Cheers,

Jeremy
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Re: [bitcoin-dev] CTV dramatically improves DLCs

2022-02-06 Thread Thibaut Le Guilly via bitcoin-dev
Hi all,

A lot is being discussed but just wanted to react on some points.

# CSFS

Lloyd, good point about CSFS not providing the same privacy benefits, and
OP_CAT being required in addition. And thanks Philipp for the link to your
post, it was an interesting read!

Jeremy
>CSFS might have independent benefits, but in this case CTV is not being
used in the Oracle part of the DLC, it's being used in the user generated
mapping of Oracle result to Transaction Outcome.

My point was that CSFS could be used both in the oracle part but also in
the transaction restriction part (as in the post by Philipp), but again it
does not really provide the same model as DLC as pointed out by Lloyd.

# Performance

Regarding how much performance benefit this CTV approach would provide,
without considering the benefit of not having to transmit and store a large
number of adaptor signatures, and without considering any further
optimization of the anticipation points computation, I tried to get a rough
estimate through some benchmarking. Basically, if I'm not mistaken, using
CTV we would only have to compute the oracle anticipation points, without
needing any signing or verification. I've thus made a benchmark comparing
the current approach with signing + verification with only computing the
anticipation points, for a single oracle with 17 digits and 1 varying
payouts (between 45000 and 55000). The results are below.

Without using parallelization:
baseline:[7.8658 s 8.1122 s 8.3419 s]
no signing/no verification:  [321.52 ms 334.18 ms 343.65 ms]

Using parallelization:
baseline:[3.0030 s 3.1811 s 3.3851 s]
no signing/no verification:  [321.52 ms 334.18 ms 343.65 ms]

So it seems like the performance improvement is roughly 24x for the serial
case and 10x for the parallel case.

The two benchmarks are available (how to run them is detailed in the README
in the same folder):
*
https://github.com/p2pderivatives/rust-dlc/blob/ctv-bench-simulation-baseline/dlc-manager/benches/benchmarks.rs#L290
*
https://github.com/p2pderivatives/rust-dlc/blob/ctv-bench-simulation/dlc-manager/benches/benchmarks.rs#L290

Let me know if you think that's a fair simulation or not. One thing I'd
like to see as well is what will be the impact of having a very large
taproot tree on the size of the witness data when spending script paths
that are low in the tree, and how it would affect the transaction fee. I
might try to experiment with that at some point.

Cheers,

Thibaut

On Mon, Feb 7, 2022 at 2:56 AM Jeremy Rubin via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> I'm not sure what is meant concretely by (5) but I think overall
> performance is ok here. You will always have 10mins or so to confirm the
> DLC so you can't be too fussy about performance!
>
>
> I mean that if you think of the CIT points as being the X axis (or
> independent axes if multivariate) of a contract, the Y axis is the
> dependent variable represented by the CTV hashes.
>
>
> For a DLC living inside a lightning channel, which might be updated
> between parties e.g. every second, this means you only have to recompute
> the cheaper part of the DLC only if you update the payoff curves (y axis)
> only, and you only have to update the points whose y value changes.
>
> For on chain DLCs this point is less relevant since the latency of block
> space is larger.
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Re: [bitcoin-dev] CTV dramatically improves DLCs

2022-02-06 Thread Jeremy Rubin via bitcoin-dev
I'm not sure what is meant concretely by (5) but I think overall
performance is ok here. You will always have 10mins or so to confirm the
DLC so you can't be too fussy about performance!


I mean that if you think of the CIT points as being the X axis (or
independent axes if multivariate) of a contract, the Y axis is the
dependent variable represented by the CTV hashes.


For a DLC living inside a lightning channel, which might be updated between
parties e.g. every second, this means you only have to recompute the
cheaper part of the DLC only if you update the payoff curves (y axis) only,
and you only have to update the points whose y value changes.

For on chain DLCs this point is less relevant since the latency of block
space is larger.
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Re: [bitcoin-dev] CTV dramatically improves DLCs

2022-02-06 Thread Lloyd Fournier via bitcoin-dev
Hi Jeremy,


On Sat, 29 Jan 2022 at 04:21, Jeremy  wrote:

> Lloyd,
>
> This is an excellent write up, the idea and benefits are clear.
>
> Is it correct that in the case of a 3/5th threshold it is a total 10x *
> 30x = 300x improvement? Quite impressive.
>

Yes I think so but I am mostly guessing these numbers. The improvement is
several orders of magnitude. Enough to make almost any payout curve
possible without UX degredation I think.


> I have a few notes of possible added benefits / features of DLCs with CTV:
>
> 1) CTV also enables a "trustless timeout" branch, whereby you can have a
> failover claim that returns funds to both sides.
>
> There are a few ways to do this:
>
> A) The simplest is just an oracle-free  CTV whereby the
> timeout transaction has an absolute/relative timelock after the creation of
> the DLC in question.
>
> B) An alternative approach I like is to have the base DLC have a branch
> ` CTV` which pays into a DLC that is the exact same
> except it removes the just-used branch and replaces it with ` tx)> CTV` which contains a relative timelock R for the desired amount of
> time to resolve. This has the advantage of always guaranteeing at least R
> amount of time since the Oracles have been claimed to be non-live to
> "return funds"  to parties participating
>
>
> 2) CTV DLCs are non-interactive asynchronously third-party unilaterally
> creatable.
>
> What I mean by this is that it is possible for a single party to create a
> DLC on behalf of another user since there is no required per-instance
> pre-signing or randomly generated state. E.g., if Alice wants to create a
> DLC with Bob, and knows the contract details, oracles, and a key for Bob,
> she can create the contract and pay to it unilaterally as a payment to Bob.
>
> This enables use cases like pay-to-DLC addresses. Pay-to-DLC addresses can
> also be constructed and then sent (along with a specific amount) to a third
> party service (such as an exchange or Lightning node) to create DLCs
> without requiring the third party service to do anything other than make
> the payment as requested.
>

This is an interesting point -- I hadn't thought about interactivity prior
to this.

I agree CTV makes possible an on-chain DEX kind of thing where you put in
orders by sending txs to a DLC address generated from a maker's public key.
You could cancel the order by spending out of it via some cancel path. You
need to inform the maker of (i) your public key  (maybe you can use the
same public key as one of the inputs) and (ii) the amount the maker is
meant to put in (use fixed denominations?).

Although that's cool I'm not really a big fan of "putting the order book
on-chain" ideas because it brings up some of the problems that EVM DEXs
have.
I like centralized non-custodial order books.
For this I don't think that CTV makes a qualitative improvement given we
can use ANYONECANPAY to get some non-interactivity.
For example here's an alternative design:

The *taker*  provides a HTTP REST api where you (a maker) can:

1. POST an order using SIGHASH_ANYONECANPAY signed inputs and contract
details needed to generate the single output (the CTV DLC). The maker can
take the signatures and complete the transaction (they need to provide an
exact input amount of course).
2. DELETE an order -- the maker does some sort of revocation on the DLC
output e.g. signs something giving away all the coins in one of the
branches. If a malicious taker refuses to delete you just double spend one
of your inputs.

If the taker wants to take a non-deleted order they *could* just finish the
transaction but if they still have a connection open with the maker then
they could re-contact them to do a normal tx signing (rather than useing
the ANYONECANPAY signatures).
The obvious advantage here is that there are no transactions on-chain
unless the order is taken.
Additionally, the maker can send the same order to multiple takers -- the
takers will cancel each other's transactions should they broadcast the
transactions.
Looking forward to see if you can come up with something better than this
with CTV.
The above is suboptimal as getting both sides to have a change output is
hard but I think it's also difficult in your suggestion.
It might be better to use SIGHASH_SINGLE + ANYONECANPAY so the maker has to
be the one to provide the right input amount but the taker can choose their
change output and the fee...


>
> 3) CTV DLCs can be composed in interesting ways
>
> Options over DLCs open up many exciting types of instrument where Alice
> can do things like:
> A) Create a Option expiring in 1 week where Bob can add funds to pay a
> premium and "Open" a DLC on an outcome closing in 1 year
> B) Create an Option expiring in 1 week where one-of-many Bobs can pay the
> premium (on-chain DEX?).
>
>  See https://rubin.io/bitcoin/2021/12/20/advent-23/ for more concrete
> stuff around this.
>
> There are also opportunities for perpetual-like contracts where you could
> combine into 

Re: [bitcoin-dev] CTV dramatically improves DLCs

2022-01-28 Thread Alex Schoof via bitcoin-dev
> CTV DLCs are non-interactive asynchronously third-party unilaterally
creatable.

This is super interesting. I think that would make it easier to do
multi-party DLCs. With a "normal" DLC, you need to have N parties
exchanging and signing CETs and you end up with a combinatorial explosion
of signing operations to perform. It sounds like if you did it with CTV,
then each party could compute all the outcomes on their own in parallel (to
be able to generate commitments for each tapleaf) and then just exchange
and sign the single opening transaction for the DLC. Or for devices with
limited resources, you could have a coordinator compute the whole TR tree
and publish a ZKP to the other signers.

Cheers,

Alex


On Fri, Jan 28, 2022 at 12:21 PM Jeremy via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Lloyd,
>
> This is an excellent write up, the idea and benefits are clear.
>
> Is it correct that in the case of a 3/5th threshold it is a total 10x *
> 30x = 300x improvement? Quite impressive.
>
> I have a few notes of possible added benefits / features of DLCs with CTV:
>
> 1) CTV also enables a "trustless timeout" branch, whereby you can have a
> failover claim that returns funds to both sides.
>
> There are a few ways to do this:
>
> A) The simplest is just an oracle-free  CTV whereby the
> timeout transaction has an absolute/relative timelock after the creation of
> the DLC in question.
>
> B) An alternative approach I like is to have the base DLC have a branch
> ` CTV` which pays into a DLC that is the exact same
> except it removes the just-used branch and replaces it with ` tx)> CTV` which contains a relative timelock R for the desired amount of
> time to resolve. This has the advantage of always guaranteeing at least R
> amount of time since the Oracles have been claimed to be non-live to
> "return funds"  to parties participating
>
>
> 2) CTV DLCs are non-interactive asynchronously third-party unilaterally
> creatable.
>
> What I mean by this is that it is possible for a single party to create a
> DLC on behalf of another user since there is no required per-instance
> pre-signing or randomly generated state. E.g., if Alice wants to create a
> DLC with Bob, and knows the contract details, oracles, and a key for Bob,
> she can create the contract and pay to it unilaterally as a payment to Bob.
>
> This enables use cases like pay-to-DLC addresses. Pay-to-DLC addresses can
> also be constructed and then sent (along with a specific amount) to a third
> party service (such as an exchange or Lightning node) to create DLCs
> without requiring the third party service to do anything other than make
> the payment as requested.
>
>
> 3) CTV DLCs can be composed in interesting ways
>
> Options over DLCs open up many exciting types of instrument where Alice
> can do things like:
> A) Create a Option expiring in 1 week where Bob can add funds to pay a
> premium and "Open" a DLC on an outcome closing in 1 year
> B) Create an Option expiring in 1 week where one-of-many Bobs can pay the
> premium (on-chain DEX?).
>
>  See https://rubin.io/bitcoin/2021/12/20/advent-23/ for more concrete
> stuff around this.
>
> There are also opportunities for perpetual-like contracts where you could
> combine into one logical DLC 12 DLCs closing 1 per month that can either be
> payed out all at once at the end of the year, or profit pulled out
> partially at any time earlier.
>
> 4) This satisfies (I think?) my request to make DLCs expressible as Sapio
> contracts in https://rubin.io/bitcoin/2021/12/20/advent-23/
>
> 5) An additional performance improvement can be had for iterative DLCs in
> Lightning where you might trade over a fixed set of attestation points with
> variable payout curves (e.g., just modifying some set of the CTV points).
> Defer to you on performance, but this could help enable some more HFT-y
> experiences for DLCs in LN
>
> Best,
>
> Jeremy
> --
> @JeremyRubin 
> 
>
>
> On Mon, Jan 24, 2022 at 3:04 AM Lloyd Fournier via bitcoin-dev <
> bitcoin-dev@lists.linuxfoundation.org> wrote:
>
>> Hi dlc-dev and bitcoin-dev,
>>
>> tl;dr OP_CTV simplifies and improves performance of DLCs by a factor of *a 
>> lot*.
>>
>>
>> ___
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> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>


-- 


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Re: [bitcoin-dev] CTV dramatically improves DLCs

2022-01-28 Thread Jeremy Rubin via bitcoin-dev
Apologies for the double post*, but I just had a follow up idea
that's pretty interesting to me.

You can make the close portion of a DLC be an "optimistic" execution with a
choice of justice scheme. This enables closing a DLC somewhat securely
without exposing the oracles on-chain at all.

Assuming honest oracles, the only cost of this mechanism over previous is
that you have to do a script path spend (but it can be a top-level branch,
since it's the "most likely" one).


For every DLC branch like:

* CHECKTEMPLATEVERIFY
 CHECKSIG
 CHECKSIGADD
 CHECKSIGADD
2 EQUAL*


add a 2 branches:


* CHECKTEMPLATEVERIFY
 CHECKSIG
*

* CHECKTEMPLATEVERIFY
 CHECKSIG*


This enables Alice or Bob to "lock in" a redemption of the contract
that becomes spendable by them after . CET-hash-* should
include a nLockTime/nSequence such that it is at the same time as the
attestation points should be known.


Where CET-hash-T sends funds to a DLC that has the following conditions:


(cooperate):

*pk_internal=musig(Alice, Bob)*

or (unilateral timeout)

* Checksig <2 weeks> CSV*

or (show oracles for this outcome)

* CHECKTEMPLATEVERIFY*

* CHECKSIG
 CHECKSIGADD
 CHECKSIGADD
2 EQUAL*

or (justice with no punishment), forall j !=i:

* CHECKTEMPLATEVERIFY*

* CHECKSIG
 CHECKSIGADD
 CHECKSIGADD
2 EQUAL*

or (justice with punishment), forall j!=i:

* CHECKTEMPLATEVERIFY*

* CHECKSIG
 CHECKSIGADD
 CHECKSIGADD
2 EQUAL*


Justice with punishment seems to me to be the better option since T is
actively choosing this resolution (the CTV transition is signed), but
justice with no punishment might be better if you think the oracles
might screw you over and collude to steal.

One interesting question is if the justice transactions can be
"compressed" to be fewer for a given outcome. I.e., if Bob has claimed
that the outcome is 35, and there are 100 total outcomes, do we need
99 justice paths or is there a way to make fewer of them? Intuitively,
it would seem so, because if we have a 8-10 threshold for picking a
path, a 3-10 proof would be sufficient to prove Bob claimed to know
the 8-10 falsely. However, that then means 3-10 could collude, v.s.
the fraud proof requiring a full 8-10 counter. Things to think about!


Best,


Jeremy


* this might actually be a triple or quadruple post depending on how
you count, I adjusted which email was the subscriber on my mailing
list account and resultantly sent from the old address... sincere
apologies if you are seeing this message >1 times to those who were on
the CC.

--
@JeremyRubin 



On Fri, Jan 28, 2022 at 9:21 AM Jeremy  wrote:

> Lloyd,
>
> This is an excellent write up, the idea and benefits are clear.
>
> Is it correct that in the case of a 3/5th threshold it is a total 10x *
> 30x = 300x improvement? Quite impressive.
>
> I have a few notes of possible added benefits / features of DLCs with CTV:
>
> 1) CTV also enables a "trustless timeout" branch, whereby you can have a
> failover claim that returns funds to both sides.
>
> There are a few ways to do this:
>
> A) The simplest is just an oracle-free  CTV whereby the
> timeout transaction has an absolute/relative timelock after the creation of
> the DLC in question.
>
> B) An alternative approach I like is to have the base DLC have a branch
> ` CTV` which pays into a DLC that is the exact same
> except it removes the just-used branch and replaces it with ` tx)> CTV` which contains a relative timelock R for the desired amount of
> time to resolve. This has the advantage of always guaranteeing at least R
> amount of time since the Oracles have been claimed to be non-live to
> "return funds"  to parties participating
>
>
> 2) CTV DLCs are non-interactive asynchronously third-party unilaterally
> creatable.
>
> What I mean by this is that it is possible for a single party to create a
> DLC on behalf of another user since there is no required per-instance
> pre-signing or randomly generated state. E.g., if Alice wants to create a
> DLC with Bob, and knows the contract details, oracles, and a key for Bob,
> she can create the contract and pay to it unilaterally as a payment to Bob.
>
> This enables use cases like pay-to-DLC addresses. Pay-to-DLC addresses can
> also be constructed and then sent (along with a specific amount) to a third
> party service (such as an exchange or Lightning node) to create DLCs
> without requiring the third party service to do anything other than make
> the payment as requested.
>
>
> 3) CTV DLCs can be composed in interesting ways
>
> Options over DLCs open up many exciting types of instrument where Alice
> can do things like:
> A) Create a Option expiring in 1 week where Bob can add funds to pay a
> premium and "Open" a DLC on an outcome closing in 1 year
> B) Create an Option expiring in 1 week where one-of-many Bobs can pay the
> premium (on-chain DEX?).
>
>  See https://rubin.io/bitcoin/2021/12/20/advent-23/ for more concrete
> stuff around this.
>
> 

Re: [bitcoin-dev] CTV dramatically improves DLCs

2022-01-28 Thread Jeremy via bitcoin-dev
Lloyd,

This is an excellent write up, the idea and benefits are clear.

Is it correct that in the case of a 3/5th threshold it is a total 10x * 30x
= 300x improvement? Quite impressive.

I have a few notes of possible added benefits / features of DLCs with CTV:

1) CTV also enables a "trustless timeout" branch, whereby you can have a
failover claim that returns funds to both sides.

There are a few ways to do this:

A) The simplest is just an oracle-free  CTV whereby the
timeout transaction has an absolute/relative timelock after the creation of
the DLC in question.

B) An alternative approach I like is to have the base DLC have a branch
` CTV` which pays into a DLC that is the exact same
except it removes the just-used branch and replaces it with ` CTV` which contains a relative timelock R for the desired amount of
time to resolve. This has the advantage of always guaranteeing at least R
amount of time since the Oracles have been claimed to be non-live to
"return funds"  to parties participating


2) CTV DLCs are non-interactive asynchronously third-party unilaterally
creatable.

What I mean by this is that it is possible for a single party to create a
DLC on behalf of another user since there is no required per-instance
pre-signing or randomly generated state. E.g., if Alice wants to create a
DLC with Bob, and knows the contract details, oracles, and a key for Bob,
she can create the contract and pay to it unilaterally as a payment to Bob.

This enables use cases like pay-to-DLC addresses. Pay-to-DLC addresses can
also be constructed and then sent (along with a specific amount) to a third
party service (such as an exchange or Lightning node) to create DLCs
without requiring the third party service to do anything other than make
the payment as requested.


3) CTV DLCs can be composed in interesting ways

Options over DLCs open up many exciting types of instrument where Alice can
do things like:
A) Create a Option expiring in 1 week where Bob can add funds to pay a
premium and "Open" a DLC on an outcome closing in 1 year
B) Create an Option expiring in 1 week where one-of-many Bobs can pay the
premium (on-chain DEX?).

 See https://rubin.io/bitcoin/2021/12/20/advent-23/ for more concrete stuff
around this.

There are also opportunities for perpetual-like contracts where you could
combine into one logical DLC 12 DLCs closing 1 per month that can either be
payed out all at once at the end of the year, or profit pulled out
partially at any time earlier.

4) This satisfies (I think?) my request to make DLCs expressible as Sapio
contracts in https://rubin.io/bitcoin/2021/12/20/advent-23/

5) An additional performance improvement can be had for iterative DLCs in
Lightning where you might trade over a fixed set of attestation points with
variable payout curves (e.g., just modifying some set of the CTV points).
Defer to you on performance, but this could help enable some more HFT-y
experiences for DLCs in LN

Best,

Jeremy
--
@JeremyRubin 



On Mon, Jan 24, 2022 at 3:04 AM Lloyd Fournier via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Hi dlc-dev and bitcoin-dev,
>
> tl;dr OP_CTV simplifies and improves performance of DLCs by a factor of *a 
> lot*.
>
>
>
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[bitcoin-dev] CTV dramatically improves DLCs

2022-01-24 Thread Lloyd Fournier via bitcoin-dev
Hi dlc-dev and bitcoin-dev,

tl;dr OP_CTV simplifies and improves performance of DLCs by a factor of *a lot*.

## Introduction

Dryja introduced the idea of Discreet Log Contracts (DLC) in his
breakthrough work[1].
Since then (DLC) has become an umbrella term for Bitcoin protocols
that map oracle secret revelation to an on-chain transaction which
apportions coins accordingly.
The key property that each protocol iteration preserves is that the
oracle is an *oblivious trusted party* -- they do not interact with
the blockchain and it is not possible to tell which event or which
oracle the two parties were betting on with blockchain data alone.

 `OP_CHECKTEMPLATEVERIFY` (CTV) a.k.a. BIP119 [2] is a proposed
upgrade to Bitcoin which is being actively discussed.
CTV makes possible an optimized protocol which improves DLC
performance so dramatically that it solves several user experience
concerns and engineering difficulties.
To me this is the most compelling and practical application of CTV so
I thought it's about time to share it!

## Present state of DLC specification

The DLC specifications[3] use adaptor signatures to condition each
possible payout.
The protocol works roughly like this:

1. Oracle(s) announce events along with a nonce `R` for each event.
Let's say each event has `N` outcomes.
2. Two users who wish to make a bet take the `R` from the oracle
announcement and construct a set of attestation points `S` and their
corresponding payouts.
3. Each attestation point for each of the `N` outcomes is calculated
like `S_i = R + H(R || X || outcome_i) * X` where `X` is the oracle's
static key.
4. The users combine the attestation points into *contract execution
transaction* (CET) points e.g `CET_i = S1_i + S2_i + S3_i`.
   Here `CET_i` is the conjunction (`AND`) between the event outcomes
represented by `S1_i, S2_i, S3_i`.
5. The oracle(s) reveals the attestation `s_i` where `s_i * G = S_i`
if the `i`th is the outcome transpired.
6. Either of the parties takes the `s_i`s from each of the
attestations and combines them e.g. `cet_i = s1_i + s2_i + s3_i` and
uses `cet_i` to decrypt the CET adaptor signature encrypted by `CET_i`
and broadcast the transaction.

## Performance issues with DLCs

In the current DLC protocol both parties compute:
  - `E * N` attestation points where `E` is the number of events you
are combining and `N` is the number of outcomes per event. (1 mul)
  - `C >= E * N` CET adaptor signatures and verify them. (2 mul -- or
with MuSig2, 3 muls).

Note that the number of CETs can be much greater than the number of
attestation points. For example,
if an oracle decomposes the price of BTC/USD into 20 binary digits
e.g. 0..(2^20 -1), you could have
`E=20,N=2,C=2^20`. So the biggest concern for worst case performance
is the adaptor signatures multiplications.

If we take a multiplication as roughly 50 microseconds computing
MuSig2 adaptor signatures for ~6000 CETs would take around a second of
cpu time (each) or so.
6000 CETs is by no means sufficient if you wanted, for example, to bet
on the BTC/USD price per dollar.
Note there may be various ways of precomputing multiplications and
using fast linear combination algorithms and so on but I hope this
provides an idea of the scale of the issue.
Then consider that you may want to use a threshold of oracles which
will combinatorially increase this number (e.g. 3/5 threshold would
10x this).

You also would end up sending data on the order of megabytes to each other.

## committing to each CET in a tapleaf with CHECKTEMPLATEVERIFY

What can we do with OP_CTV + Taproot to improve this?

Instead of creating an adaptor signature for every CET, commit to the
CET with OP_CTV in a tapleaf:

```
 CHECKTEMPLATEVERIFY  CHECKSIG
```

When the oracle(s) reveals their attestations either party can combine
them to get the secret key
corresponding to `CET_i` and spend the coins to the CET (whose CTV
hash is `CET-hash`) which
distributes the funds according to the contract.

This replaces all the multiplications needed for the adaptor signature
with a few hashes!
You will still need to compute the `CET_i` which will involve a point
normalisation but it still brings the computational cost per CET down
from hundreds of microseconds to around 5 (per party).
There will be a bit more data on chain (and a small privacy loss) in
the uncooperative case but even with tens of thousands of outcomes
it's only going to roughly double the virtual size of the transaction.
Keep in mind the uncooperative case should hopefully be rare too esp
when we are doing this in channels.

The amount of data that the parties need to exchange is also reduced
to a small constant size.

## getting rid of combinatorial complexity of oracle thresholds

Now that we're using script it's very easy to do a threshold along
with the script. e.g. a 2/3:

```
 CHECKTEMPLATEVERIFY
 CHECKSIG
 CHECKSIGADD
 CHECKSIGADD
2 EQUAL
```

The improvement here is that the amount of computation and
communication does