Pay From Bitcoin Mainnet to Lightning and Back: Submarine Swaps Are Now Live57.26

In order to make payments on the lightning network — Bitcoin’s second layer solution for instant and cheap transactions — users must first fund lightning channels. This process, however, creates a slight disconnect between lightning users and on-chain users. Lightning users can pay lightning users, and on-chain users can pay on-chain users, but they can’t pay one another directly.

To solve this, “Submarine Swaps” allow users to make trustless transactions between lightning addresses and on-chain addresses in either direction. The technology could be a game changer for both Bitcoin lightning and mainnet users, as it would remove the transaction barriers between them.

Original source
https://bitcoinmagazine.com/articles/pay-bitcoin-mainnet-lightning-and-back-submarine-swaps-are-now-live/

Add comment

Please Sign in to be able to leave comments.