• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
bitcoin
Nexo

Bitcoin Lightning Network Payments Now Possible on Liquid Sidechain

Osato Avan-Nomayo by Osato Avan-Nomayo
3 years ago
in Bitcoin, News, News teaser
0
Advertisement

Liquid Network users can now send and receive bitcoin micropayments via the c-lightning implementation of the Lightning Network (LN).


“Lightning on Bitcoin on Liquid”

According to a tutorial published by Blockstream developer “grubles” via Medium on Tuesday (July 2, 2019), LN users can now create bitcoin Lightning payment channels using c-lightning.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

This is a significant milestone as Liquid users can now make Liquid-BTC (L-BTC) transactions instantaneously and privately. There are also plans to extend the feature to cover other assets on the Liquid sidechain, such as tokenized stocks and fiat tokens.

Details published in the tutorial show that the procedure for running c-lightning on Liquid is the same as on the Bitcoin mainnet.

Blockstream CEO took to Twitter on Tuesday to highlight the importance of cross-convergence between Bitcoin layers, saying:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Lightning on bitcoin on liquid (L-BTC). Bitcoin layers connecting and converging! (People may not know that Lightning can bridge multiple networks).

Lightning on bitcoin on liquid (L-BTC). Bitcoin layers connecting and converging! (People may not know that Lightning can bridge multiple networks). https://t.co/E2Qm9oIuij

— Adam Back (@adam3us) July 2, 2019

C-lightning is one of the three implementations of the Lightning Network, with the other two being Eclair and lnd. Blockstream is the developer for c-lightning, introducing features like a full-spectrum wallet and the ability to connect nodes running on the TOR network.

As previously reported by Bitcoinist, data from 1ml.com – an LN tracking platform – shows that the network capacity is now close to $11 million. Apart from c-lightning on Liquid, users of the Spark wallet can also make LN payments offline using Blockstream’s Lightning Network implementation.

 Liquid Becoming a Fully Realized Sidechain

Lightning payments on the Liquid Network is yet another technical milestone achievement for Blockstream’s Bitcoin sidechain. On Tuesday, Bitcoinist reported that the Bitcoin infrastructure developer has debuted atomic swaps on the Liquid Network.

The available technological features on the Liquid sidechain appear to be increasingly moving the network towards being fully realized. Lightning implementation and atomic swaps now also join confidential transactions and the ability to issue tokenized assets.

Back in May 2019, Blockstream announced the introduction of a security token issuance platform on the Liquid Network. Many of these newly added features to the Liquid threaten to make the unique operating propositions offered by smart contract-focused altcoin projects like Ethereum, Tron, and EOS unnecessary.

With more cutting-edge technology that proves to have tangible utility being deployed off-chain, Bitcoin also appears set to become the all-round programmable store of value (PSoV) that these other blockchains claim to be.

Do you think that these new tech features being developed off-chain for bitcoin renders altcoins obsolete? Let us know in the comments below.


Images via Twitter @adam3us.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Osato Avan-Nomayo

Osato Avan-Nomayo

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Related Posts

Bitcoin

Bitcoin Legalization Pushed By Mexican Senator, Despite Central Bank’s Opposition

18 hours ago
Oslo Freedom Forum, Lyn Alden screenshot

3 Lessons From The Oslo Freedom Forum: BTC Is Different – Neigut, Alden, Feinstein

1 day ago
Bitcoin

Bitcoin Funding Rate Turns Deep Red, Short Squeeze Soon?

1 day ago
Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

2 days ago
El Salvador

El Salvador, Unfazed By The Bear Market, Buys 80 Bitcoin – Will Others Do The Same?

3 days ago
Cryptoqueen

‘Cryptoqueen’ Has A $100,000 Bounty On Her Head Offered By The FBI

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.