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:
⚡️ LN capacity at all-time highs, up 200% yoy
🌇 #LightningHackdayIST
🔖 New research from @vulpemventures
⛏️ BMN on @BFXSecurities
and much more👇🧐
⚡️ LN capacity at all-time highs, up 200% yoy
🌇 #LightningHackdayIST
🔖 New research from @vulpemventures
⛏️ BMN on @BFXSecurities
and much more👇🧐
2/ #Bitcoin capacity for both the @Liquid_BTC and #LightningNetwork continues to steadily rise with year-over-year growth LQ ~25% / LN ~200%, respectively. 🌊⚡️
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.
FUCK CHIVO, FUCK STRIKE
Here’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 🧵👇
Here’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 🧵👇
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
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
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/
Probably because then you still carry the risk that your swap provider is unresponsive or the exchange rate changes quickly.
3/
