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Sports Betting Example

Requirements for example

You need to have a fully built oracle server. You can follow this guide to do this.

You will also need a the bitcoin-s-cli command line tool to interact with the server. You can find how to build this here

After building the oracle server, you will need to start it with

./app/oracle-server/target/universal/stage/bin/bitcoin-s-oracle-server

Rocky V.S. Drago 2022 Boxing Championship

In 2022, Rocky and Drago compete in the final round of the boxing championship. People want to do a DLC based on the outcome, so you decide to be their oracle and attest to the winner of the match.

  1. Setting up an oracle that can attest to the outcome of the match
  2. Complete the announcement by attesting to the winner of the match

Setting up the boxing bet

The boxing match bet can be represented by an enumerated announcement. What we mean by this is the outcomes for this announcement can be simply enumerated in a list. There were three possible outcomes for the match

  1. "Drago_win"
  2. "Rocky_win"
  3. "other"

The next step is to create an oracle announcement that can be shared with others. This announcement contains cryptographic information that is used by people that want to enter into DLCs to setup their bitcoin transactions.

To do this, we need to use the createenumannouncement rpc. This RPC takes 3 parameters

  1. The label for the announcement we will use 2022-championship-boxing
  2. the maturation time for the announcement in ISO 8061 format For our example we will use "2022-06-16T00:00:00Z"
  3. The outcomes, which we listed above "Drago_win,Rocky_win,other"

with all of this information, we can create the announcement with bitcoin-s-cli!

./bitcoin-s-cli createenumannouncement 2022-championship-boxing "2022-06-16T00:00:00Z" "Rocky_win,Drago_win,other" fdd824c358412e9c9dc12942a9e1ed030c7bf4ff10f80b0228f9674245ae15d8a956bae6fa0186994d7e12a3b0793b67ebad83d735e9232d9e15eda5c2948d4b8a042a5eb923f087791a31409523431b28dc20af6871f515715ab0e6219c971ee4cb75cbfdd8225f00010a9e74e8c52ae90846cedbb2af3d2e0edc2234a8b4ef240c4fcfbe4f31c693be62aa7280fdd8061c000309526f636b795f77696e09447261676f5f77696e056f7468657218323032322d6368616d70696f6e736869702d626f78696e67

Yay! The hex string returned is an oracle announcement. You can submit this on a tool like the Suredbits oracle explorer so others can find your oracle.

If you are building infrastructure to automatically sign announcements, it is important to store two things

  1. The oracle announcement above (fdd824c...)
  2. The timestamp that the announcement matures at ("2022-06-16T00:00:00Z")

Now you can schedule jobs to sign the announcement when the maturation time passes.

Signing the outcome for the boxing bet

In the real world, you would want to wait for the maturation time to pass for your announcement. For the purposes of the demo, we can skip this wait. The winner of the 2022 boxing championship is Rocky.

Let's sign the announcement.

 ./bitcoin-s-cli signenum 2022-championship-boxing Rocky_win
fdd8688518323032322d6368616d70696f6e736869702d626f78696e67b923f087791a31409523431b28dc20af6871f515715ab0e6219c971ee4cb75cb00010a9e74e8c52ae90846cedbb2af3d2e0edc2234a8b4ef240c4fcfbe4f31c693be7c83c64f33bacceb800f463a3a98ca56a40bad7c5e7a417e3f4e012f0f332d4c09526f636b795f77696e

Yay! Now bitcoin-s gives us an attestation that is represented by the hex string fdd868...

If you submitted your announcement to the suredbits oracle explorer above you will also want to submit the attestation for your announcement so others can find it and settle their DLCs.

If you use the getannouncement rpc along the oracle announcement, you can see the announcement is now completed!

./bitcoin-s-cli getannouncement 2022-championship-boxing
{
  "nonces": [
    "0a9e74e8c52ae90846cedbb2af3d2e0edc2234a8b4ef240c4fcfbe4f31c693be"
  ],
  "eventName": "2022-championship-boxing",
  "signingVersion": "DLCOracleV0SigningVersion",
  "maturationTime": "2022-06-16T00:00:00Z",
  "maturationTimeEpoch": 1655337600,
  "announcementSignature": "58412e9c9dc12942a9e1ed030c7bf4ff10f80b0228f9674245ae15d8a956bae6fa0186994d7e12a3b0793b67ebad83d735e9232d9e15eda5c2948d4b8a042a5e",
  "eventDescriptorTLV": "fdd8061c000309526f636b795f77696e09447261676f5f77696e056f74686572",
  "eventTLV": "fdd8225f00010a9e74e8c52ae90846cedbb2af3d2e0edc2234a8b4ef240c4fcfbe4f31c693be62aa7280fdd8061c000309526f636b795f77696e09447261676f5f77696e056f7468657218323032322d6368616d70696f6e736869702d626f78696e67",
  "announcementTLV": "fdd824c358412e9c9dc12942a9e1ed030c7bf4ff10f80b0228f9674245ae15d8a956bae6fa0186994d7e12a3b0793b67ebad83d735e9232d9e15eda5c2948d4b8a042a5eb923f087791a31409523431b28dc20af6871f515715ab0e6219c971ee4cb75cbfdd8225f00010a9e74e8c52ae90846cedbb2af3d2e0edc2234a8b4ef240c4fcfbe4f31c693be62aa7280fdd8061c000309526f636b795f77696e09447261676f5f77696e056f7468657218323032322d6368616d70696f6e736869702d626f78696e67",
  "attestations": "fdd8688518323032322d6368616d70696f6e736869702d626f78696e67b923f087791a31409523431b28dc20af6871f515715ab0e6219c971ee4cb75cb00010a9e74e8c52ae90846cedbb2af3d2e0edc2234a8b4ef240c4fcfbe4f31c693be7c83c64f33bacceb800f463a3a98ca56a40bad7c5e7a417e3f4e012f0f332d4c09526f636b795f77696e",
  "outcomes": [
    "Rocky_win",
    "Drago_win",
    "other"
  ],
  "signedOutcome": "Rocky_win",
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