c-lightning, one of the oldest implementations of channel-based L2 solution for Bitcoin (BTC) network, undergoes rebranding
Bitcoin Lightning Network (LN) is the oldest and most popular layer 2 scalability solution for Bitcoin (BTC), the first cryptocurrency. Its net capacity has more than tripled in the past 12 months, according to the Blockstream team.
Lightning Network (LN) surpasses Liquid; c-lightning becomes Core Lightning
After its most successful year of development, Lightning Network (LN) sees its total capacity rocketing from 1,100 Bitcoins (BTC) to 3,679 Bitcoins (BTC).
During the same period, the Bitcoin-based platform Liquid increased its capacity from 3,000 to 3,500 Bitcoin (BTC). Thus, for the first time in its history, Lightning has surpassed Liquid in terms of transactional capacity.
Also, c-lightning, the most popular community-driven implementation of the Lightning Network mechanism, has rebranded itself into Core Lightning.
Bitcoin Lightning Network is a second-layer scalability solution for the larger blockchain: it allows users to establish payment channels and partially process transactional data off-chain to reduce pressure on the mainnet.
New tokens can now be transferred on the top of Bitcoin (BTC); here’s how
Also, Lightning Labs software development studio released Taproot-powered Taro protocol, which is designed to enable fast and resource-efficient value transfer on the top of Bitcoin (BTC) and Lightning.
Taro instruments allow users to issue and move different assets above Bitcoin (BTC), including stablecoins. In early versions, BTC and “Lightning USD” transactions will be enabled.
In coming releases, multi-asset support will be added, the team says.
