iefan 🕊️ on Nostr: Tested various other approaches for this lightning-to-Monero payment bridge & ...
Tested various other approaches for this lightning-to-Monero payment bridge & shortlisted two for the project: one for the initial release and another for the long term.
1. Fixedfloat: This is the simplest option to implement, with direct support for BTC-LN/XMR pairs, decent swap speeds, and a user experience that aligns well with expectations.
Con: It relies on the Fixedfloat DEX API. While this is a decentralized exchange, this API reliance still introduces a single point of failure.
2. Atomic Swap: This enables a truly decentralized swap between Bitcoin and Monero, functioning in a peer-to-peer manner without any intermediaries or third-party APIs.
Unlike Fixedfloat, however, it’s more complex, requiring a solid understanding and running nodes for both the Lightning network and Monero blockchain. But once set up, Atomic Swap becomes a far superior option.
I already have a working version of the Fixedfloat implementation, so I'll release an initial version soon for testing.
Atomic Swap is my real focus it will take some time to learn and implement, but it’s the solution I want in the long run, and I plan for it to eventually replace Fixedfloat entirely.
1. Fixedfloat: This is the simplest option to implement, with direct support for BTC-LN/XMR pairs, decent swap speeds, and a user experience that aligns well with expectations.
Con: It relies on the Fixedfloat DEX API. While this is a decentralized exchange, this API reliance still introduces a single point of failure.
2. Atomic Swap: This enables a truly decentralized swap between Bitcoin and Monero, functioning in a peer-to-peer manner without any intermediaries or third-party APIs.
Unlike Fixedfloat, however, it’s more complex, requiring a solid understanding and running nodes for both the Lightning network and Monero blockchain. But once set up, Atomic Swap becomes a far superior option.
I already have a working version of the Fixedfloat implementation, so I'll release an initial version soon for testing.
Atomic Swap is my real focus it will take some time to learn and implement, but it’s the solution I want in the long run, and I plan for it to eventually replace Fixedfloat entirely.
quoting nevent1q…3sdyLightning to Monero Payment Bridge
Seamlessly transfer funds from your Lightning wallet to a Monero wallet.
Simply enter the recipient’s Monero address. A Lightning invoice will be generated.
Once paid, the received sats will be automatically converted and sent to the recipient’s Monero wallet.
Thoughts?