GlcoinCore/loop
1
0
Fork 0
mirror of https://github.com/lightninglabs/loop.git synced 2026-08-13 12:33:03 +02:00
Code Issues Projects Releases Packages Wiki Activity Actions

Update README.md

Browse source
This commit is contained in:
Alex Bosworth 2019-03-06 16:58:12 -08:00 • committed by GitHub
parent e423622c79
commit 6f7b047469
No known key found for this signature in database
GPG key ID: 4AEE18F83AFDEB23
1 changed files with 43 additions and 0 deletions
Download patch file Download diff file Expand all files Collapse all files

43
README.md
View file

@ -1,4 +1,47 @@
# Lightning Loop
Lightning Loop is a non-custodial service offered by
[Lightning Labs](https://lightning.engineering/) to bridge on-chain and
off-chain Bitcoin using submarine swaps. This repository is home to the Loop
client and depends on the Lightning Network daemon
[lnd](https://github.com/lightningnetwork/lnd). All of lnd’s supported chain
backends are fully supported when using the Loop client: Neutrino, Bitcoin
Core, and btcd.
In the current iteration of the Loop software, only off-chain to on-chain
exchanges are supported, where the Loop client sends funds off-chain in
exchange for the funds back on-chain.
The service can be used in various situations:
- Acquiring inbound channel liquidity from arbitrary nodes on the Lightning
network
- Depositing funds to a Bitcoin on-chain address without closing active
channels
- Paying to on-chain fallback addresses in the case of insufficient route
liquidity
Future iterations of the Loop software will also allow on-chain to off-chain
swaps. These swaps can be useful for additional use-cases:
- Refilling depleted channels with funds from cold-wallets or exchange
withdrawals
- Servicing off-chain Lightning withdrawals using on-chain payments, with no
funds in channels required
- As a failsafe payment method that can be used when channel liquidity along a
route is insufficient
## Development and Support
The Loop client is current in an early beta state, and offers a simple command
line application. Future APIs will be added to support implementation or use of
the Loop service.
The [GitHub issue tracker](https://github.com/lightninglabs/loop/issues) can be
used to request specific improvements or register and get help with any
problems. Community support is also available in the
[LND Slack](https://join.slack.com/t/lightningcommunity/shared_invite/enQtMzQ0OTQyNjE5NjU1LWRiMGNmOTZiNzU0MTVmYzc1ZGFkZTUyNzUwOGJjMjYwNWRkNWQzZWE3MTkwZjdjZGE5ZGNiNGVkMzI2MDU4ZTE)
.
## Loop Out Swap (off -> on-chain)