I’m familiar with how Ethereum allows users to lock funds in smart contracts, which can then be released under specific conditions using mechanisms like the Hashed TimeLock Contract (HTLC) protocol. I’m interested in exploring whether similar functionality can be achieved within the Bitcoin protocol.
Locking Funds: How can funds be locked in Bitcoin? Is there a direct way to implement conditions within a Bitcoin transaction itself?
Unlocking Conditions: What mechanisms are available in Bitcoin to unlock these funds based on specific requirements, such as time-based conditions or upon fulfilling certain cryptographic proofs?
Tools and Practices: Are there specific tools or practices within the Bitcoin ecosystem that facilitate this kind of conditional locking and unlocking of funds?
Any insights or guidance on how to approach conditional fund locking in Bitcoin similar to Ethereum’s smart contracts would be greatly appreciated.
