210 sats \ 9 replies \ @south_korea_ln 10 Jan \ on: Mercury Layer went live today, checkout the deets on their webpage bitdevs
Let's ping @RubenSomsen for an ELI5 explanation ;)
this is the guide he wrote couple years back
reply
reply
Aren't the statechains on which Merculylayer is based a brainchild of Ruben? He may not know about all Mercury's implementation details, but I'd imagine he knows a lot about the protocol.
reply
Oh my bad, just realized Mercurylayer improves a lot on the initial statechain concept.
https://bitcoinmagazine.com/technical/mercury-layer-a-massive-improvement-on-statechains
reply
reply
https://twitter.com/SomsenRuben/status/1744751223016702119
Here is a thread where he participated.
reply
@south_korea_ln tagged Ruben, was posting his guide
reply
one of benefits listed in the article, interop with lightning:
By utilizing Statechains, you get to open and close channels off-chain at minimal costs. Is your channel too small? No problem. You can simply transfer your existing channel over to a larger UTXO. This can be particularly powerful considering it’s hard to know ahead of time how much capacity will be needed in a channel. Now you can cheaply experiment, and once you have a stable channel, you could choose to effortlessly move the channel over to the base layer by exiting from the Statechain.
reply
Ruben is doing amazing work for Bitcoin. Very humble, so several of his projects take time to be recognized, but in the long run, I see his ones that require a soft-fork having a higher chance at success than similar ones such as BIP300 that suffer from the toxicity of their promoters.
reply