Introducing Fiber Network. A new lightning network on #Nervos #CKB tailored for speed, cost-efficiency, and decentralization.
11 Sep 2024, 09:26
Introducing Fiber Network
A new lightning network on #Nervos #CKB tailored for speed, cost-efficiency, and decentralization! Fiber Network is a cutting-edge solution for multi-token payments and peer-to-peer transactions.
Inspired by the Lightning Network, Fiber Network leverages off-chain transactions to bring unparalleled scalability and efficiency.
Why Fiber Network matters:
• Solves scalability issues
• Reduces transaction costs
• Improves transaction speed
• Supports multiple assets
• Interoperability with #Bitcoin Lightning Network
Architecture highlights:
• Off-chain payment channels
• On-chain smart contracts
• Multi-hop routing
• Watchtower service
Current progress:
• Prototype developed
• Basic channel functions implemented
• Cross-chain functionality with #Bitcoin Lightning Network verified
What’s next?:
• Complete multi-hop routing
• Implement watchtower services
• Improve RPC interface and SDK
• Optimize routing algorithms
• Implement advanced features (e.g. enhanced privacy protection)
Stay tuned for the upcoming release of Fiber Network's testing phase!
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