Lightning Labs releases “Loop” feature for Bitcoin payment channels

posted 5 months ago
Lightning Labs released a new feature to improve Lightning Network's "efficiency, scalability, & usability." Called “Lightning Loop” users can receive Bitcoin in increasing quantities without having to close & reopen new payment channels. Lightning Loop moves funds out of a payment channel & “into a Bitcoin wallet, cold storage, or fiat currency via an exchange. This emptying of the channel allows [a Lightning user] to receive more payments.”

Product development director of Bitcoin wallet Conio, Marco Pesani, said “Loop solves one of the biggest Lightning Network pain points: channels liquidity management… I’ve never seen so many advancements & such focus on the final objective. Massive.”
Tags: bitcoin, blockchain, news