The post sCrypt: Ordinals oracle – CoinGeek appeared on BitcoinEthereumNews.com.

This post was first published on Medium, and we republished with permission from the sCrypt team. YusufIdiMaina. Connect with the post’s author, Yusuf Idi Maina, on LinkedIn. Bitcoin smart contracts possess the capability to determine the validity of satoshis within a UTXO, yet they face limitations when verifying the presence and quantity of 1SatOrdinals tokens in a UTXO. While on-chain miners can validate the number of satoshis, Ordinals tokens and specific NFTs are validated by an external indexer off-chain, which presents challenges in various applications such as token swaps and sales. To address this, oracles are introduced to ensure the authenticity and integrity of Ordinals tokens required when invoking a contract. This tutorial will guide you through the process of using the WitnessOnChain oracle to validate transaction inputs referencing UTXOs containing Ordinals NFTs and BSV20 tokens. WitnessOnChain API The WitnessOnChain oracle offers an API to retrieve inscription details from an outpoint: https://api.witnessonchain.com/v1/inscription/bsv/{network}/outpoint/{txid}/{vout} API Response Structure The response from the API is a signed message with the following structure: Custom Type Definition and Parser Function Based on this structure, we define a custom type `Msg` and a helper parser function to decode the message. Implementing the Contract In this section, we implement a demonstration contract that is successfully invoked only when the second input (input #1) of the spending transaction contains a specific amount of a certain BSV20 token. To verify the oracle’s signed message, the oracle’s public key must be included in the contract. Additionally, to record the specific BSV20 token and its amount, we introduce two additional properties. Methods The public `unlock` method requires three parameters: 1. `msg`: The oracle’s signed message.2. `sig`: The oracle’s signature.3. `tokenInputIndex`: An index marking which input is the token input. We first retrieve the token outpoint from `this.prevouts`. We then parse the message signed by the oracle and verify it against the outpoint. With…

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Filed under: News - @ July 25, 2024 2:28 pm