The Lightning Network needs to get bigger. To ensure that as many people as possible, the network must be practicable. Boltz wants to help. The simple change tool ensures the easiest transfer of BTC into the Lightning Network and at the same time preserves the credo BYOB – Be your own bank for the end user.
On the long road to everyday use of Bitcoin, one concept is always in focus: scaling. The purpose of these dialogues, which have been going on for years, is a virtually royalty-free and instant payment option. The most sophisticated solution for this is the Lightning Network. Created as a second layer, payments are not posted on the actual Bitcoin Blockchain (on-chain), but remain for a certain time in the Lightning Network (off-chain). Thousands or millions of transactions can be combined into a single on-chain transaction. Within the Lightning Network there are some problems to solve, like this one: How do you get the desired amount from the blockchain (on-chain) to the lightning network (off-chain) and vice versa? For this, Boltz promises to be a viable end-user solution after months of development.