"Submarine Swaps employ hash time-locked contracts (HTLCs), which in layperson’s terms, enable two transactions (both sides of the swap) to happen simultaneously by linking them together cryptographically inside of a smart contract. Using this technology, there is no way for one exchange to occur without the other occurring at the same moment.
This is the most trustless solution that exists for moving sats between Bitcoin layers." ~ Frank Corva
What role do trustless bridges play in connecting Bitcoin's various layers? Dive into the world of Boltz, a non-custodial exchange service that's quietly revolutionizing how we move Bitcoin between the base chain, Lightning Network, and Liquid. Discover how atomic swaps and submarine swaps are making cross-layer transfers more efficient and seamless. What implications do they hold for the future of Bitcoin's layered ecosystem?
Check out the original article at Between Bitcoin Layers: Boltz Builds Trustless Transfers (Link: https://tinyurl.com/3rv7xuar)
Links to check out:
Host Links
Check out our awesome sponsors!
“The fool doth think he is wise, but the wise man knows himself to be a fool.” ~ William Shakespeare
We are in the midst of one of history's greatest financial bubbles, represented both in a global debt crisis, as well as a bloated,...
Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants. Don't miss...
Decentralized blockchains are an entirely new organism in the realm of economics, cryptography, and social consensus. Is Proof-of-work still the king of the show? ...