joy_protocol on Nostr: In addition to supporting Bitcoin's Lightning Network⚡️, JoyID will also support ...
In addition to supporting Bitcoin's Lightning Network⚡️, JoyID will also support the CKB-based Lightning solution, Fiber Network.
Fiber Network offers several improvements over Bitcoin's Lightning Network:
- Native support for various assets, including CKB, BTC, and stablecoins.
- Lower fees, faster response times, and reduced channel costs.
- Lower node operation costs and minimal storage requirements.
- Cross-domain atomic payments with BTC's Lightning Network.
- Off-chain liquidity management.
- Current use of Hash Time Locked Contract (HTLC) with future support for Point Time Locked Contract (PTLC) for enhanced privacy.
- Countermeasures against "replacement cycling attack" at the transaction pool level.
Stay tuned for more updates!
#JoyID #FiberNetwork #LightningNetwork #Nostr
Fiber Network offers several improvements over Bitcoin's Lightning Network:
- Native support for various assets, including CKB, BTC, and stablecoins.
- Lower fees, faster response times, and reduced channel costs.
- Lower node operation costs and minimal storage requirements.
- Cross-domain atomic payments with BTC's Lightning Network.
- Off-chain liquidity management.
- Current use of Hash Time Locked Contract (HTLC) with future support for Point Time Locked Contract (PTLC) for enhanced privacy.
- Countermeasures against "replacement cycling attack" at the transaction pool level.
Stay tuned for more updates!
#JoyID #FiberNetwork #LightningNetwork #Nostr