Bridging assets between the Lightning Network and EVM-compatible blockchains
- The cryptocurrency ecosystem has seen significant growth with Ethereum and Bitcoin as foundational pillars. Ethereum introduced smart contracts revolutionizing decentralized applications (dApps) across various domains. Scalability challenges led to alternative ecosystems like Binance Smart Chain and Polygon, maintaining compatibility through the Ethereum Virtual Machine (EVM). Bitcoin also faces scalability issues, leading to the Lightning Network's development—an off-chain solution with payment channels for scalable instant transactions. Interoperability is increasingly crucial as the cryptocurrency ecosystem continues to grow, enabling seamless interactions between assets and data across multiple blockchain platforms. EVM-compatible blockchains and the Lightning Network offer unique advantages in their respective use cases. This paper utilizes atomic swaps to create a secure, fast, and user-friendly trustless bridge between the Lightning Network and EVM-compatible blockchains, fostering the growth of both ecosystems and unlocking novel opportunities.
Author: | Tim Käbisch |
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URN: | urn:nbn:de:bsz:mit1-opus4-146268 |
DOI: | https://doi.org/10.48446/opus-14626 |
ISSN: | 1437-7624 |
Parent Title (German): | Konferenzband zum Scientific Track der Blockchain Autumn School 2023 |
Publisher: | Hochschule Mittweida |
Place of publication: | Mittweida |
Document Type: | Conference Proceeding |
Language: | English |
Year of Completion: | 2023 |
Publishing Institution: | Hochschule Mittweida |
Release Date: | 2023/10/11 |
Tag: | atomic swaps; ightning network |
GND Keyword: | Blockchain; Bitcoin; Bridge |
Issue: | 2 |
Page Number: | 7 |
First Page: | 35 |
Last Page: | 41 |
Open Access: | Frei zugänglich |
Licence (German): | Urheberrechtlich geschützt |