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7 sats \ 0 replies \ @BlueSlime 13 Apr \ parent \ on: New BitEscrow landing page bitcoin
Sort of, but not really. 😁
BitEscrow uses a covenant to lock funds to a limited set of outputs that the escrow agent can choose from. The covenant is tweaked with the contract terms, which the agent must sign in agreement to spend an output.
In contrast, a DLC will set up a similar covenant with limited set of outputs, and the "oracle" spends the covenant by signing a particular message.
Both methods use similar cryptography, but the strategy and tradeoffs are different.