ME News reports that on October 16 (UTC+8), Lightning Labs announced on X the launch of LayerTree, a non-custodial scaling solution built on Bitcoin and compatible with the Lightning Network. LayerTree leverages covenant technology to enable a single UTXO to be shared by up to one million users. Users can receive funds without needing to stay online and can exit at any time via a single transaction, with funds never expiring due to timeout. (Source: ChainCatcher)
Lightning Labs Launches Bitcoin Non-Custodial Scaling Solution LayerTree
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Summary
Lightning Labs has unveiled LayerTree, a non-custodial Bitcoin scaling solution that enhances risk management for users. Built on MetaEra, the system enables a single UTXO to be shared by up to one million users. Covenant technology allows users to receive funds offline and exit at any time with a single transaction, maintaining a strong risk-to-reward ratio. Funds remain secure and do not expire due to inactivity.
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