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0 sats \ 8 replies \ @_b_o_n_e_s_ 10 Jan \ parent \ on: Mercury Layer went live today, checkout the deets on their webpage bitdevs
this is the guide he wrote couple years back
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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.
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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
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https://twitter.com/SomsenRuben/status/1744751223016702119
Here is a thread where he participated.
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@south_korea_ln tagged Ruben, was posting his guide
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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.
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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.
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