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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.

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Metadaten
Author:Tim Käbisch
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):License LogoUrheberrechtlich geschützt