⚡About LN Exchange
First Orderbook on Lightning Network
Last updated
First Orderbook on Lightning Network
Last updated
The first Orderbook on Lightning Network, LN Exchange is a vertically integrated, decentralized trading powerhouse featuring peer-to-peer, spot, and perpetual orderbook trading for Bitcoins and Taproot Assets.
LN Exchange is powered by Lnfi Network, a financialization layer that brings tokenisation and web3 to Lightning Network. It unifies open standards and network economies - Bitcoin network, Lightning Network, Taproot Assets, and the Nostr protocol.
Bitcoin network provides the battle-tested security for Bitcoin and issuance of Taproot Assets (alternative assets/tokens issued on Bitcoin).
Lightning Network serves as the global, instant settlement network at zero/low fees.
The Nostr protocol acts as the messaging layer, and specifically for our project, it enables users to submit their bid and ask orders to LN Exchange for order matching and execution, facilitating efficient trading processes.
LN Exchange aims to be the one-stop decentralised trading powerhouse that enables anyone to trade crypto with full transparency, low costs, and the best execution.
The team believes in democratized access to markets with hybrid custody.
Ultimately, the goal is for all traders to view LN Exchange as the go-to exchange to trade Bitcoin and Taproot Assets.
Our platform is designed for best-in-class speed, liquidity, and price. With advanced technology and robust infrastructure, LN Exchange delivers the speed and reliability you expect from a professional trading platform.
LN Exchange is your ultimate destination for all your trading needs, offering a comprehensive suite of services for both spot and perpetual trading of Bitcoins and Taproot assets.
At LN Exchange, we prioritize affordability and accessibility for all traders. With our platform, you can say goodbye to gas fees commonly associated with decentralized exchanges.
By leveraging the Lightning Network's efficient payment channels and Nostr, we eliminate the need for gas fees, ensuring that your trading experience remains cost-effective.
At LN Exchange, we prioritize transparency and accountability in every aspect of our platform. With our built-in Explorer feature, all users' actions are fully trackable, providing a transparent view of the trading activity on our platform.
The Explorer allows users to monitor and track transactions in real time, providing insights into trading volumes, order book activity, and user interactions.
In 2018, developers Joseph Poon and Thaddeus Dryja unveiled the Lightning Network, a groundbreaking solution that has transformed the landscape of digital finance. Operating as a layer atop the Bitcoin blockchain, the Lightning Network addresses critical issues related to transaction speed and cost, ushering in a new era of instant, global settlement.
Lightning Network settlements occur instantly, providing rapid transaction confirmations, unlike the traditional Bitcoin blockchain.
With Lightning, payments of any size, including sub-1 cent micropayments, are possible. This opens up new possibilities for global commerce and supports innovative payment models like streaming services.
The Lightning Network employs peer-to-peer onion routing, ensuring that transaction paths are private, with each hop knowing only the next hop and nothing beyond that.
Lightning operates as an open and permissionless network, allowing anyone to utilize its services. This stands in contrast to most other USD payment networks, which operate as closed ecosystems.
Lightning settles transactions directly in Bitcoin without any counterparty risk or reliance on third-party trust, making it a secure payment network.
All technical complexities, such as underlying hashing algorithms, are abstracted away from end users, providing a seamless and user-friendly experience.
Today, the Lightning Network enables almost free and instant payments worldwide using Bitcoin denominations known as satoshis. It is accessible to all, regardless of location or financial status, and has the potential to revolutionize Internet commerce by welcoming billions of new users and enabling countless new use cases. And, Lnfi Network leverages Lightning Network for settlements.
Lnfi Network is at the forefront of leveraging the innovative Nostr protocol to empower decentralized applications across various domains. Nostr offers a unique middle ground between traditional internet architectures and fully decentralized stack, facilitating seamless connectivity and data portability.
With its streamlined approach and decentralized network of relays, Nostr enables applications to transcend limitations commonly encountered on blockchain-based systems.
At the core of our platform is the interoperability provided by Nostr. Users can seamlessly transition between different applications while retaining their identity and data. Whether it's social media, job searching, dating, or any other domain, our platform ensures a smooth user experience across the board.
Through the utilization of Nostr, LN Exchange has addressed a significant limitation of the Lightning Network, which is hindered by a lack of transparency in transactions. By broadcasting all users' actions onto Nostr, these actions are recorded as Nostr events, which can then be indexed into an explorer. This enables data to be fully trackable, transparent, and resistant to tampering.
Taproot assets represent a notable addition to the various token standard in the cryptocurrency ecosystem.
The Taproot Assets Protocol, developed by Lightning Labs, significantly advances on-chain protocols. It facilitates the implementation of fungible and non-fungible tokens (Collectibles) and alternative coins with unprecedented efficiency and cost-effectiveness.
The protocol's brilliance lies in its utilization of Schnorr signatures and Merkle trees, which provide enhanced security and sophistication to digital assets while keeping on-chain footprint and transaction costs low.
What sets Taproot Assets apart is its dual-layer approach, which utilizes both Bitcoin's base layer and the Layer 2 Lightning Network. It inherits the security properties of Bitcoin and leverages the 1M TPS speed on the Lightning Network.