Just recently news.Bitcoin.com wrote about a trustless betting protocol designed by Jonald Fyookball called Chainbet, a protocol that enables simple coin flip wagers using the Bitcoin Cash (BCH) blockchain. Since then the Openbazaar developer Chris Pacia performed the first atomic bet utilizing the BCH network's re-enabled OP_Codes and Fyookball's Chainbet concept.
The First Trustless Atomic Wager Utilizes Bitcoin Cash OP_Codes
Openbazaar's Chris Pacia.
This weekend the Openbazaar developer Chris Pacia has performed the first atomic bet using the BCH network's OP_Codes in order to demonstrate a trustless wager. Pacia said he tried the idea using bitcoin cash after seeing Fyookball's new protocol concept, and notes that this method of trustless betting is not possible using the Bitcoin Core (BTC) network. The reason for this is due to the re-enabled OP_Codes added to the BCH protocol this past May.
"The way the scheme works from a high level is that Alice and Bob are going to generate secret random numbers and commit the hashes of those numbers to the