"If you ask me how much trust is right for the Lightning economy, the answer will always be less." - Roy Sheinfeld
Today we dig into the recently implemented reverse submarine swaps in the breez lightning service. One of the many tools we have for both mitigating, and also building trust in the new economy. How exactly do submarine swaps work, what's a HODL invoice, what might they mean for the future of Lightning, and how is Breez using them? All this any more in today's article by Roy Sheinfeld!
Check out the original below and be sure to drop some claps over at Medium:
https://medium.com/breez-technology/reverse-submarine-swaps-another-step-towards-a-p2p-lightning-economy-bacb040fdca7
"The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat...
"All I know is the setup for bitcoin, the hardest form of digital money, could not be better. All manners of trust have evaporated....
With the Lightning Network finally being realized in the wild, its time to revisit some of the incredible benefits that get lost in the...