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When I started at CoBloX a few weeks back, I faced a steep learning curve to master the RFC documenting the SWAP-Basic protocol. It's been almost a year that we published our original blog post. It described how HTLCs work and how they can be facilitated for atomic swaps between two blockchains. However, this blog post lacks the explanation of the Bitcoin HTLC, i.e. how the stack-based scripting language allows us to create HTLCs on the Bitcoin blockchain. Within this blog post I want to follow up on CoBloX's original promise:
To bring back knowledge and learnings back to the community.