Blockstream Enables Atomic Swaps Between Bitcoin Lightning and Liquid Networks

The new app update allows seamless transactions across Bitcoin’s Lightning and Liquid networks, reducing the need for manual network switching during payments.

BTC

Summary

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Terms & Concepts
  • Atomic Swap: A smart contract (self-executing blockchain code) technology enabling direct cryptocurrency exchange between different blockchain networks without intermediaries.
  • Bitcoin Lightning Network: A layer-2 network for Bitcoin that facilitates faster, lower-cost transactions by processing them off-chain.
  • Liquid Network: A Bitcoin sidechain designed for faster settlement and enhanced privacy between exchanges and traders.