Damn looks like its the week of stablecoins, Taro and now omni wallet, I wonder since OMNI will use USDT how they can become interoperable with L-USDT and all the marketing making and liquidity pool options coming to Liquid
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Omni does use USDT. There are more than a billion USDT on bitcoin via omni.
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AFAIU, the omnibolt design is to have separate networks for each asset. If that’s how it ends up going, I think Taro is going to have a lot more traction. Does anyone know if that’s not the case?
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There's not much difference between taro and omnibolt in this respect. Both require end-user nodes (or wallets) to be aware of how to do taro assets or omni assets, but routing nodes don't have to know anything about that stuff because of atomic swaps. With both taro and omnibolt you can simulate sending the asset to someone else over the "regular" lightning network by "swapping" the asset into bitcoin, sending bitcoin over lightning to the other person, and having the final hop "swap out" the bitcoins for the other asset. That's how taro plans to do it and omnibolt can do the same thing.
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This is what I think as well. I think the protocol that actually solves a problem and easy for developers to implement will win
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the opportunity to provide lightning liquidity from my mobile device is actually what i’ve been looking for. really nice!
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I imagine Taro is going to eclipse omni pretty quickly. We'll see though. Great to have this competition in the bitcoin space.
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is this an announcement of an announcement? yes it is. we don't take kindly to those around here.
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By the time someone has figured out a great way to do stablecoins Bitcoin may be stable enough to be used in place of stablecoins
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OmniBOLT is a protocol built on the Bitcoin and OmniLayer networks that allows transactions with native OmniLayer crypto-assets using the Lightning network. The OmniBOLT channel allows instant transactions of crypto-assets issued on top of OmniLayer.
OmniBOLT is developing a truly revolutionary wallet that will allow users to make transfers on the Lightning network easily and simply. Moreover, it will be possible to transfer not only BTC but in the future 700+ more OmniLayer assets.
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Best you declare your associations and interest when you write "truly revolutionary" marketing blah blah.
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