Bitcoin Layer 3: Initial Features Announced \ stacker news ~bitcoin

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Bitcoin Layer 3: Initial Features Announced

223 sats \ 16 comments \ @gd 1 Sep 2022 bitcoin

Hey SN, Founder of CyberHornet here and wanted to share a little more on our Swarm product we announced last week.

Our objective with Swarm is to bring Bitcoin to Layer 3. For us, that means total interoperability between Bitcoin L1 and L2s, secure self-custody wallet design (with the ability to recover from a lost key) and a user experience that means your Grandma can stack sats.

I'm all about building this in the open so even our first testnet release will be available for early access.

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53 sats \ 3 replies \ @k00b 1 Sep 2022

Still struggling to understand what you're building.

Is a Voltage competitor?

10 sats \ 2 replies \ @gd OP 1 Sep 2022

Voltage are a semi-competitor, but we are working on our own L3 software (which we will eventually open-source) instead of using existing open-source solutions like Thunderhub etc...

One day I would love to see Swarm software available to install on your Voltage node.

149 sats \ 1 reply \ @k00b 1 Sep 2022

Unsolicited feedback: I think calling node/wallet hosting (even with lots of bells and whistles) an L3 creates more confusion than not.

I'd prefer: "We host Bitcoin/Lighting nodes with liquid interop, and a bunch of other cool stuff"

I think L3 should be reserved for protocols that are trust-less, peer to peer, built on top of L2, and improve aspects of L2. Imagine I call SN a L3, no one would know what we actually are.

110 sats \ 0 replies \ @gd OP 1 Sep 2022

I absolutely agree. There is a roadmap to L3, but it starts with making L1 and L2s work together. There are some others in the space who have started at the protocol level with existing user experiences. We intend to solve the existing UX problem and move toward the protocol.

11 sats \ 1 reply \ @toofasteddie 1 Sep 2022

"that means your Grandma can stack sats" , if this happens then the future is even brighter for bitcoiners. keep building!

1 sat \ 0 replies \ @gd OP 1 Sep 2022

Thank you! We will get there, I'm sure of that.

1 sat \ 3 replies \ @om 1 Sep 2022

Any chance you'll include LN over Liquid? It gives channel opening/closing with negligible fees. If you also would bring in Liquid-to-mainnet LPs (as you probably do anyway as far as I got), you could bridge two LNs.

0 sats \ 2 replies \ @gd OP 1 Sep 2022

We will support both LN and Liquid! L2 to Mainnet and back is a problem we are going to tackle early and it's an area I personally think there are a lot of huge UX wins.

0 sats \ 1 reply \ @om 2 Sep 2022

I meant LN on Liquid. Check this out: https://blog.blockstream.com/en-lightning-on-liquid/

100 sats \ 0 replies \ @gd OP 2 Sep 2022

This is cool! It's not something I was aware of but would be very open to it being on the roadmap

1 sat \ 1 reply \ @nout 1 Sep 2022

I think we will need to see more details before we can tear you apart :-P

0 sats \ 0 replies \ @gd OP 1 Sep 2022

Oh, you want THOSE details!

1 sat \ 1 reply \ @TheWildHustle 1 Sep 2022

The UI seems nice, best of luck bro

0 sats \ 0 replies \ @gd OP 1 Sep 2022

Thank you!

1 sat \ 1 reply \ @tomlaies 1 Sep 2022

I wish you the best of luck. May the best L3 infrastructure and L1-L2 interoperability project win.

0 sats \ 0 replies \ @gd OP 1 Sep 2022

I'm loving the movement in this space atm. In the end, Bitcoin wins ;)