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0 sats \ 3 replies \ @m4 22 Aug 2022 \ on: Ask SN: Decentralized stablecoins on lightning bitcoin
I'm not sure if it was the right question. You can implement Lightning on any blockchain. First these blockchain has to support stablecoins. Bitcoin doesn't support any stable on it's blockchain so you can't have stablecoin on Bitcoin LN. But you could have LN on stablecoin blockchain.
Read more about Taro, Omnibolt, and RGB.
https://lightning.engineering/posts/2022-4-5-taro-launch/
https://www.rgbfaq.com/what-is-rgb
https://github.com/omnilaboratory/OmniBOLT-spec
(omnibolt to be implemented on mainnet soon by the guys at https://synonym.to)
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I want to double down on the comment you're answering to. I believe that LN spanning two blockchains - Bitcoin and stablecoin - would be better than LN only on the Bitcoin chain but with two assets.
Imagine (God forbid) that Bitcoin forks an offshoot called Bitcoin Crash. If the stablecoins are issued on the main chain, the issuers now get to decide which fork to support. What if for some reason they choose Bitcoin Crash? Do we really want to give them such power?
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Omnibolt kek
Instant payment of smart assets issued on OmniLayer and Etherium(soon future).
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