How To Swap Between On-Chain Bitcoin, Lightning, And Liquid!
Generated Summary
Bitcoin has evolved into a multi-layered ecosystem, with the base chain, side chains, and layer twos like the Lightning Network. Bolts, a non-custodial platform, allows seamless swapping of Bitcoin across these layers through atomic swaps. Users can access Bolts' exchange to swap between the base chain, Lightning Network, and Liquid side chain, managing their channel liquidity efficiently. This service is especially useful for maintaining inbound liquidity on the Lightning Network, overcoming challenges like high on-chain fees. By swapping between layers, users can optimize their transactions, manage costs, and ensure smooth liquidity flow. Bolts also offers an API for developers to integrate swap functionality and a user-friendly web app with transparent source code. The platform empowers users to control their funds throughout the swapping process, enhancing security and flexibility. With Bolts, users can easily transition their Bitcoin between different layers, supporting various use cases and optimizing their overall cryptocurrency experience.
Key Points
- Bitcoin's evolution into layers like the base chain, side chains, and layer twos
- Bolts enables non-custodial swaps across Bitcoin layers using atomic swaps
- Users can manage channel liquidity and optimize transactions with Bolts
- The platform offers transparent source code, an API for developers, and user-friendly features
- Swapping between layers helps users overcome challenges like high on-chain fees and maintain inbound liquidity on the Lightning Network
