I am absolutely thrilled to introduce you to Hydro, our latest offering aimed at businesses looking to step up in the Bitcoin Lightning Network without the usual headaches.
Why We Created Hydro
Over the years, we've seen how powerful the Lightning Network can be, especially in creating fast and low-cost transactions. But we've also noticed that businesses have been hesitant to jump in. Why? Well, most entrepreneurs are focused on their core business and don't have the time or the deep technical expertise needed to manage lightning nodes. Let's be honest, managing liquidity in the Lightning Network can take an exorbitant amount of time if you let it.
Watch the 90 second setup video here: https://youtu.be/tt8FH2Ie_34
What Hydro Does for You
This is where Hydro comes in. We've designed it to automatically source payment liquidity from the open market straight to your lightning node. This means you don't have to become a Lightning Network expert overnight or lose sleep over managing channels. You get to focus on what you do best: running your business.
How We're Changing the Game
We're genuinely excited about the potential Hydro unlocks. Businesses can now enjoy all the benefits of the Lightning Network - fast transactions, low fees, and the enhanced privacy and sovereignty that come with Bitcoin - without any of the complexities.
Picture this: you're a local coffee shop owner who wants to start accepting Bitcoin. But you're too swamped with day-to-day operations to become a Bitcoin whiz. With Hydro, you can effortlessly accept lightning payments, and the old "swipe" fees will even drop significantly as more and more businesses get on board. Imagine going from initial setup fees of 3.5% to transaction fees as low as 0.003% in a circular economy!
The Power of Magma
We've integrated Hydro with Magma, our existing marketplace for buying and selling Lightning channels. Magma allows Bitcoin savers to earn extra BTC by opening channels, and it helps us source high-quality liquidity from the market for you. It's a win-win for everyone. As the LSP spec develops, we're keenly interested in connecting to all nodes that implement the LSP spec for the best pricing across the globe.
The Nitty-Gritty Details
All you need to do is set your target node size (capacity), purchase some "ambucks" prepaid credits, and Hydro will handle the rest. You can also specify your target inbound liquidity to get exactly what you need, when you need it.
We built this with optionality to provide for privacy-first users as well as the fine-grained management that requires more data.
Let's Build Something Amazing Together
Hydro isn't just a service; it's a gateway to a burgeoning global economy. We've already seen glimpses of what a circular Lightning Network economy could look like in places like Costa Rica's 'Bitcoin Jungle,' and with Hydro, we're aiming to kickstart similar ecosystems around the world.
I invite you to join us in this exciting journey. Check out Amboss Space for more details or get started with Hydro right away.
Cheers,
Jesse Shrader
Co-Founder and CEO, Amboss Technologies