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coinos.io has been doing something like this for a while, and it has a ton of features, including e-cash and Liquid.
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0 sats \ 0 replies \ @carter 4h
i love coinos especially because it is open source... The new fund feature is cool too
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17 sats \ 0 replies \ @OT 7h
Interesting...
I'd like to know what exactly is happening under the hood here.
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How can a browser wallet be self-custodial? I create a wallet and sent 21 sats to it, but now I can't send anything from the new wallet. The 'send' menu gets stuck trying to open the camera (which is off), and when I hit 'paste' it gives an error, even though I’ve got an invoice copied.
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129 sats \ 8 replies \ @Scoresby 10h
Mutiny was a browser wallet and they were self-custody.
Blitz uses Spark, which is a statechain. Here's their tldr. It is a different trust model than Lightning. But honestly, I would do a bad job trying to explain it. It'd be very cool to see a great spark explainer on SN.
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Oh! I’m totally in the dark with this technique. Gonna read up a bit... I remember reading somewhere around here that Spark wasn’t exactly loved by the btc maxis.
It'd be very cool to see a great spark explainer on SN.
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38 sats \ 5 replies \ @ek 5h
I remember reading somewhere around here that Spark wasn’t exactly loved by the btc maxis.
Probably because of this:
Trust Model
Spark operates under a “moment-in-time” trust model, meaning that trust is only required at the time of a transaction. As long as at least one (or a configurable threshold) of the Spark operators behaves honestly during a transfer, the system ensures perfect forward security. Even if operators are later compromised or act maliciously, they cannot retroactively compromise past transactions or take money from users.
This security is achieved through a fundamental action required of SOs: forgetting the operator key after a transfer. If an operator follows this protocol, the transferred funds are secure, even against future coercion or hacking. Spark strengthens this model by using multiple operators, ensuring that as long as one (or the required threshold) deletes their key, users remain secure and have perfect forward security. This approach contrasts with most other Layer 2 solutions, where operators retain the ability to compromise user funds until they exit the system. The only exception is Lightning, which requires no trusted entities at all.
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💯
The only exception is Lightning, which requires no trusted entities at all.
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55 sats \ 3 replies \ @ek 5h
requires no trusted entities at all.
This should also be the definition of Layer 2 imo. if you need to trust somebody, it's not a Layer 2. So by definition, Lightning is the only Layer 2.
But other "Layer 2 solutions" probably don't like that definition, so they try to make it mean something else. But I don't know what their definition is. Anything is Layer 2 as long as it's not Layer 1?
0 sats \ 0 replies \ @OT 7h
Oh, they aren't using lightning? I read about this a few months ago. Pretty interesting, but I thought it was still in testing.
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Browser is just how you deliver the interface, the back-end can node be completely self-custodial (eg ShockWallet connected to your own Lightning.Pub)
To be trust-less though you'd have to self-host the interface.
In this case Blitz its using a fake L2, which is inherently custodial, so the OPs title is inaccurate.
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Figured it out, browser was blocking the clipboard. 6 sats fee (28.6%)?
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0 sats \ 1 reply \ @ACYK 8h
I wish it was standard for all wallets to have a tab that explained what types of fees you might encounter and who they’re going to. Seems this web wallet uses Spark and Breez Liquid SDK. Not sure what fees are typical with Spark. I assume the Breez liquid SDK means Boltz swap fees at least. Are there any fees for Blitz itself? Would love to see that overview somewhere. If I make a request for 100,000 sats, the receive screen says fee: 0 sats. That seems surprising.
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5 sats \ 0 replies \ @gbks 5h
Seems impossible to clearly communicate to an end-user...
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10 sats \ 0 replies \ @alashazam 8h
looks promising, I see most features are 'coming soon'
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You can not be self-custodial with a fake L2
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0 sats \ 0 replies \ @carter 4h
I can haz api?
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No Mobile? Boo
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