1130 sats \ 3 replies \ @anon 1 Feb \ on: Mercury layer AMA bitcoin
Can you go over how we can use state chains to help people onboard to lightning in a smoother way? How can an LSP use it to make their services better etc.
ELI5
There are several possibilities. One is that you could use a statechain to send someone a pre-funded channel off-chain (so instantly usable). Another possibility is that different LSPs could use it to rebalance channels to manage liquidity better, without having to go on-chain.
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Yes, king of. LN would still be as it is, but a channel would be opened on top of a statechain.
Second case, yes - it is just part of the process of rebalancing without needing to go on-chain.
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