R-Sync⚡️ Profile picture
Mar 30 9 tweets 5 min read Twitter logo Read on Twitter
RGB on Lightning Network: Game changer for Bitcoin🧵⚡️⬇️

In the last week, the RGB-tools and Bitfinex teams showed integration with LDK, a Lightning implementation on layer 2.

#bitcoin #rgb #lightningnetwork #taproot #layer2 #layer3 Image
RGB and Lightning Network Compatibility

When an RGB state transaction is committed into a Bitcoin transaction and like this can be part of payment channel. In simple words, each new RGB state transition can committed inside in a channel to move RGB assets. Image
How works? Part.1

Alice open channel with Bob providing 10k satoshis and 500 USDT. The RGB commitment is added in a dedicate OP_RETURN output. Remember: With Taproot this could also be done. Image
RGB and Lightning: Part.2

After commitment transaction signed by Alice is ready to be broadcast by Bob.

HTLCs output works with RGB channels too. ImageImage
Game Changer on Bitcoin

Since update the applications on RGB like Bitmask, BitDEX, MyCitadel and Iris will be benefit and allow your products was present for mass adoption. Image
First transaction on LNP in 2020/2021: Part. 1

In 2020 and 2021 happened first transaction on LNP, a Lightning implementation from RGB, allowing send/receive and route payments. Dr. Maxim Orlovsky showed as worked.
Demo transaction in 2020/2021 (video): Part. 2

-LNP Node demo:
-LNP Node Alpha:
Epilogue

Well, I'm very fan of RGB even working for the first time in 2020/2021, this is great news on RGB, 'cause the assets are now "out" LNP Node. For me RGB ecosystem will growing a lot in the next years.
Resources and inspired

-RGB Lightning Sample: github.com/RGB-Tools/rgb-…

-Lightning Network compatibility: docs.rgb.info/lightning-netw…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with R-Sync⚡️

R-Sync⚡️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RSync25

Jan 27
Core Lightning v23.02: What's coming to next version of CLN? 🧵⚡️⬇️

The second implementation popular on Lightning Network is coming with great news!

#bitcoin #LightningNetwork #taproot #privacy #layer2 #p2p #peerstorage #peertopeer Image
Highlights

-Peer storage;
-Bitcoin-cli getmempoolinfo to determine the lower bound feerate;
-Signinvoice to BOL11;
-RPC call interface;
-Blinded paths cross-compatibility;
-Bug fixes.
Epilogue

As main second node implementation, I hope like this how new features or bugs fixes, the implementation have success within ecosystem of Lightning Network. The next release is scheduled to be released in February 01 of 2023.
Read 4 tweets
Jan 26
Discrete Payments through Coinjoin and Nostr: Enhancing Privacy on Bitcoin⬇️🧵⛓️

The idea allows user create transactions with privacy and using Nostr encryption communication

#bitcoin #LightningNetwork #coinjoin #nostr #taproot #privacy #fedimint #layer2 #layer3 #rgb Image
What's WabiSabi?

WabiSabi is a protocol for centrally coordinated Coinjoin implementations utilizing keyed verification anonymous credentials and homomorphic value commitment. Providing blind signatures in both privacy and flexibility. This protocol is used on Wasabi wallet Image
How works?

In simple words, the Merchant create a invoice and shows your pubkey of the Nostr for relay recommended. After, the costumer posts an encrypted message with the payment and value using specific wabisabi coordinator. Merchant can reject or accept.
(continue below)
Read 8 tweets
Dec 9, 2022
What's RGB Proxy?🧵⬇️⚡️

RGB proxy is a server done to facilitate the relay of load data between RGB wallets, having better UX for end user and also avoiding attacks of users, spammers, etc.

#bitcoin #LightningNetwork #layer2 #layer3 #rgb #taproot #utxo #privacy
This feature can be used in the following workflow:

-Payee validates the content of consignment file;
-The payer pots consignment file with UTXO blinded provided by the payee in the invoice;
-The payee asks the proxy server if consignment file is associated to the UXTO blinded;
(continue here)

-If exist UTXO blinded to the Payee;
-The payee posts message ACK if is ok, but if fail can post a message NACK;
-The payee asks proxy sever about ACK/NACK. If successful will process Bitcoin transaction;
Read 5 tweets
Dec 8, 2022
The Path to Bitcoin Finance: Bitcoin-Backed Credit🧵⬇️

The Bitcoin Finance will allow many functions to the Bitcoin and Lightning Network.

#bitcoin #LightningNetwork #taproot #taro #rgb #privacy #sidechains #bitcoincredit #bitcoinfinance Image
Remember Hal Finney in 2010

Hal Finney had a vision about bitcoin-backed banks could "issue their own digital cash currency, redeemable for bitcoins."The idea was based George Selgin’s Free Banking research. Image
Legacy System

Different thought the legacy system isn't:

-Competitive;
-Transparent;
-Hard Regulation; Image
Read 9 tweets
Dec 6, 2022
Lightning Developer Tools 🧵⬇️⚡️

-Boltbox;
-Botwall;
-Channel Tools;
-Lightningj
-Lightning Dev Kit;
-LNP Node;
-Lightningter;
-Java LND Client;
-PHP Client (LND/Core Lightning);
-Polar;
-WebLN;
-LN API Paywall;

(continue below)

#bitcoin #LightningNetwork #developer #layer2 Image
-Inet;
-Inet-random;
-Isat-js;
-Lightning Dissector;
-Integration testing Framework;
-NodeJs LND
-Payment Request Decoder
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(