Expanding the Lightning network to serve billions - a quick win strategy \ stacker news ~bitcoin

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Expanding the Lightning network to serve billions - a quick win strategy juraj.bednar.io/en/blog-en/2023/05/07/expanding-the-lightning-network-to-serve-billions-a-quick-win-strategy/

3797 sats \ 4 comments \ @nout 7 May 2023 bitcoin

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1605 sats \ 0 replies \ @lightcoin 7 May 2023

Liquid is not centralized, it is federated, there is a subtle but important difference.

Could also use statechains for this purpose (e.g. Mercury). The main benefit of Mercury over Liquid is that Mercury has a unilateral exit mechanism, making it a "true" layer 2 protocol (imo).

Overall I agree with the author's proposed approach and have been suggesting the same for a while.

261 sats \ 0 replies \ @om 7 May 2023

Lightning over Liquid should be great. LFG!

0 sats \ 0 replies \ @TheBTCManual 8 May 2023

I agree, the chokepoint is now getting funds into LN with only the basechain feeding it, but if you have Liquid, statechain or drivechain allowing you to get into an LN channel Liquidity can flow more freely and with things like eCash a lot more people can benefit from that liquidity

0 sats \ 0 replies \ @BlokchainB 8 May 2023

Sounds like a great idea but is it technically possible? Plus I think would need more exchanges offering L-BTC