Singapore – Sep 18 – The Nervos CKB ecosystem continues to evolve, with a key player, JoyID, taking a significant step forward by supporting the Lightning Network on both Bitcoin and Nervos CKB. This move, building upon JoyID’s established position as a leading wallet gateway within the CKB ecosystem, promises to deliver enhanced speed, scalability, and accessibility for users, further solidifying CKB’s position as a robust and versatile platform.
JoyID, known for its user-friendly approach and seamless integration within the CKB ecosystem, has always been a popular choice for users seeking a convenient and secure way to manage their digital assets. Now, with the addition of Lightning Network support, JoyID is further strengthening its position as a leading force in the CKB ecosystem, making it easier than ever for users to engage in fast, low-cost transactions.
Beyond the Lightning Network, JoyID is also introducing stablecoin payment functionality, offering users a more stable and predictable alternative to volatile cryptocurrencies. This feature, combined with the enhanced speed and scalability of the Lightning Network, will further enhance the CKB ecosystem’s appeal to a wider audience, including those who are new to the world of crypto.
Furthermore, JoyID will integrate the UTXO Stack staking protocol, enabling users to easily stake $BTC, $CKB, and stablecoins within the wallet. This will enhance liquidity on the Lightning Network, driving greater utility and efficiency across both the Bitcoin and Nervos ecosystems. With JoyID’s user-friendly passkey technology, staking becomes simpler and more accessible, removing the complexities of traditional crypto wallets. Whether you’re a newcomer or an experienced crypto user, JoyID makes it easy to participate in staking and contribute to the decentralized finance ecosystem.
This integration reflects JoyID’s commitment to driving the next-generation decentralized finance experience while staying true to Satoshi Nakamoto’s original vision of a Peer-to-Peer Electronic Cash System. By offering a more user-friendly, secure, and scalable wallet, JoyID is dedicated to promoting the mass adoption of the Lightning Network and advancing both $BTC and $CKB ecosystems.
About CKB
CKB is the first fully BTC-isomorphic L2 (PoW+UTXO), offering a more decentralized, secure, and Bitcoin-compatible L2 solution.
CKB scales Bitcoin’s programmability and interoperability with RGB++ protocol, which maps Bitcoin UTXOs to CKB Cells, enabling the seamless transfer of Bitcoin L1 UTXO-based assets such as Ordinals, Atomicals, and Taproot, to CKB without any cross-chain bridge and vice versa. UTXO Stack, a Bitcoin L2 “OP Stack” secured by CKB and powered by RGB++, enables high-performance parallel chains, offering near-unlimited scalability without compromising security. CKB Lightning Network will connect with Bitcoin’s Lightning Network, facilitating a bi-directional, censorship-resistant, permissionless and trustless flow of assets between the two networks.
CKB mainnet launched in Nov. 2019 and completed its first mining reward halving in Nov. 2023.
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