Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Note that LN cannot be used to transfer individual ordinals #147

Merged
merged 2 commits into from
Feb 19, 2022
Merged

Note that LN cannot be used to transfer individual ordinals #147

Changes from all commits
Commits
Show all changes
2 commits
Select commit Hold shift + click to select a range
410e553
Note that LN cannot be used to transfer individual ordinals
casey Feb 19, 2022
a2a8f30
tweak
casey Feb 19, 2022
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
2 changes: 1 addition & 1 deletion bip.mediawiki
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -157,7 +157,7 @@ Since ordinals are borne by outputs, they can be encumbered by covenants. [https

==== The Lightning Network ====

Lightning Network channels can be created with inputs whose ordinals are colored coins, for example colored coins honored for redemption by a stablecoin issuer. These channels can be used to conduct instant, low-fee USD-denominated off-chain payments, and would require only modest changes to existing Lightning Network nodes.
The Lightning Network cannot be used to selectively transfer individual non-fungable ordinals, however it can be used to transfer arbitrary amounts of fungible ordinals. Channels can be created with inputs whose ordinals are all colored coins of the same type, for example colored coins honored for redemption by a stablecoin issuer. These channels can be used to conduct instant, low-fee USD-denominated off-chain payments, and would require only modest changes to existing Lightning Network nodes.

On channel close, fees would have to be paid by child-pays-for-parent, to avoid paying stablecoin ordinals as fees.

Expand Down