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Today we introduce MercuryLayer, our new Bitcoin Layer 2 initiative! We're thrilled to announce this significant step in our journey. Inspired by @SomsenRuben statechains paper, we initially developed MercuryWallet in 2020.
Since then, we've received numerous requests for a more modular version, enabling seamless integration with other wallets and applications.
We plan to provide these tools alongside the release of full cryptographic blinding for Mercury. This ensures that Mercury will no longer see any Bitcoin addresses or possesses any information about deposited coins or swaps.
Today, we proudly anounce this as MercuryLayer, and anticipate the launch of mercurylayer.com in the near future. While we remain dedicated to improving our unique MPC/HSM security approach, we understand that some users may prefer a federatied model.
We're excited to offer support to those interested in building a federated version on MercuryLayer. Reach out to us at t.me/mercurywallet to engage in discussions.
We're hopeful that the highly anticipated AnyPrevOut upgrade to Bitcoin will be happen within the next year.
This new feature on the consensus layeer will enable many improvements to MercuryLayer, including the possibility of establishing a shared global on-chain state.
This new feature on the consensus layeer will enable many improvements to MercuryLayer, including the possibility of establishing a shared global on-chain state.
This includes the possibility of establishing a shared global on-chain state, realising a mechanism for removal of trust requirements from the system.
By enhancing integration with Lightning and leveraging our work with state channels.
By enhancing integration with Lightning and leveraging our work with state channels.
We plan to integrate with the LSP node being built in collaboration with the #Civkit team. Details can be found at github.com/commerceblock/…. #bitcoin #layer2
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