Difference between revisions of "Side-chain"
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The Lightning Network is usually implemented as a Layer-2, sitting on top of a Layer-1. Lightning is currently implemented for the layer-1 blockchains of [[ Bitcoin ]] and [[ Litecoin ]]. [[ BOLT ]] compliant implementations (e.g. [[ Lnd ]], [[ Eclair ]]) use [[ On-chain transactions ]] and do not have their only coin(s). | The Lightning Network is usually implemented as a Layer-2, sitting on top of a Layer-1. Lightning is currently implemented for the layer-1 blockchains of [[ Bitcoin ]] and [[Litecoin]]. [[ BOLT ]] compliant implementations (e.g. [[ Lnd ]], [[Eclair]]) use [[ On-chain transactions ]] and do not have their only coin(s). | ||
In contrast to the typical Lightning Network implementation exist other implementations such as [[ Liquid ]] by [[ Blockstream ]] that implement Lightning functionality as a Side-chain. Being a side chain, these implementations have their own coins and can even create a multitude of their own tokens. | In contrast to the typical Lightning Network implementation exist other implementations such as [[ Liquid ]] by [[ Blockstream ]] that implement Lightning functionality as a Side-chain. Being a side chain, these implementations have their own coins and can even create a multitude of their own tokens. | ||
See also [[Cross-chain]] implementations. | |||
= References = | = References = | ||
Latest revision as of 19:33, 30 January 2019
The Lightning Network is usually implemented as a Layer-2, sitting on top of a Layer-1. Lightning is currently implemented for the layer-1 blockchains of Bitcoin and Litecoin. BOLT compliant implementations (e.g. Lnd , Eclair) use On-chain transactions and do not have their only coin(s).
In contrast to the typical Lightning Network implementation exist other implementations such as Liquid by Blockstream that implement Lightning functionality as a Side-chain. Being a side chain, these implementations have their own coins and can even create a multitude of their own tokens.
See also Cross-chain implementations.
References
- Blockstream
- Liquid enterprise product using Lightning as a side-chain
- JPY stable coin as token on Liquid side-chain