Discover and read the best of Twitter Threads about #lightninghackdayIST

Most recents (2)

1/ #LAYER2ROUNDUP: Welcome to the latest thread of our monthly series on Lightning and Liquid. What you missed:

โšก๏ธ LN capacity at all-time highs, up 200% yoy
๐ŸŒ‡ #LightningHackdayIST
๐Ÿ”– New research from @vulpemventures
โ›๏ธ BMN on @BFXSecurities

and much more๐Ÿ‘‡๐Ÿง
2/ #Bitcoin capacity for both the @Liquid_BTC and #LightningNetwork continues to steadily rise with year-over-year growth LQ ~25% / LN ~200%, respectively. ๐ŸŒŠโšก๏ธ
3/ With an estimated limit of 500 TPS per channel, the #LightningNetwork has a throughput of more than 40 million TPS based on the number of channels today (the equivalent of 14.4 TB size blocks), enabling it to become the global payment layer of the #Bitcoin circular economy.
Read 12 tweets
FUCK CHIVO, FUCK STRIKE

Hereโ€™s how you can build a lightning based stablecoin wallet to take on volatility

Without custodians
Without KYC
Without shitcoins
Without derivatives

Introducing Fiat Swaps

1/9 ๐Ÿงต๐Ÿ‘‡
What does Strike do? They take your incoming lightning payment, convert it to fiat and credit your account.

What keeps you from doing this on Bitcoin?

Luckily we have a way to exchange Bitcoin for other assets in a trustless and noncustodial way:

Atomic Swaps Image
Why not do an atomic swap to exchange a lightning payment to a stablecoin immediately?

Probably because then you still carry the risk that your swap provider is unresponsive or the exchange rate changes quickly.

3/ Image
Read 10 tweets

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