1) Update on what we're doing with lightning: In the next few weeks, we will be releasing an alpha version of our wallet with lightning integrated. We have been using LDK and the wallet itself will run a hosted lightning node based on LDK.
#Lightning
#Bitcoin
Exciting news for
#MercuryWallet
! A new pull request has been submitted, enhancing privacy and using groundbreaking cryptography with blind signatures. Check out the PR here:
#Privacy
#Cryptography
2) This will be fully non-custodial, so users will be able to connect to their own node. The wallet does not use any centralized servers for doing transactions.
#NonCustodial
#LightningNetwork
#Bitcoin
3) Once we feel the wallet is post alpha stage we will provide the ability to purchase statecoins with lightning and thus allowing our statechain implementation to be fully blinded.
#lightning
#statechains
Today we introduce MercuryLayer, our new Bitcoin Layer 2 initiative! We're thrilled to announce this significant step in our journey. Inspired by
@SomsenRuben
statechains paper, we initially developed MercuryWallet in 2020.
⚡ Mercury-node is built using the TypeScript bindings from
@lightningdevkit
. A huge thank you to the LDK team for their invaluable support! We plan to integrate it into Mercury wallet, shortly
#Bitcoin
#LightningNetwork
Want your own personal HSM? Look at Open source and based on Intel SGX, can be used by any IntelSGX based hardware. Combine MPC cryptography with Hardware!
As we move forward with our new Blinded MPC off chain layer. We will discontinuing support for Mercury Wallet. Services will remain available for a 3 month period which is the duration of a statecoin. Look out for production release of Mercury Layer.
Mercury layer, a new implementation of fully blinded statechains, is now code complete and undergoing testing. We have set up a public test server and invite anybody interested to try it out. Here is a guide to running the client with testnet bitcoin:
This implementation is a work in progress, and there will be changes. However, the code is now ready for review. Contribute and join the discussion at .
#OpenSource
#Collaboration
It seems that
@torproject
is suffering under DDOS. Projects are going to have to be network agnostic and be able to switch to different networks. We have been looking I2P. Coming soon...
📱 As mercury-node evolves, we believe it will make it easier for mobile wallets to run a lightweight, non-custodial Lightning node, empowering users with more control over their funds.
#decentralized
The way a statechain takes raw UTXOs and mint them into standardized units (fixed-denomination UTXOs) is similar to turning raw gold into gold coins. The digital equivalence of coinage.
Absolute genius. Maybe, just maybe, the Lydian moment for Bitcoin. 1/
Feeling the heat from Bitcoin's high transaction fees? 🔥 Keep your cool with Mercury Wallet and enjoy statecoin transfers without emptying your pockets! 🌊🌴💸 Zero transaction fees - now that's a splash of refreshing freedom! 😎
#MercuryWallet
#FeeFreeFun
Regarding
@mercurylayer
's integration of an HSM with Intel SGX, it's key to note that while our protocol design allows every virtual UTXO owner to cryptographically confirm their ownership, the use of an HSM is not essential but an added security measure.
In the realm of
As we scale
#bitcoin
- everything changes:
- Incentives
- Technology
- Risk
And scaling UTXO ownership is a completely different problem vs batching and scaling settlement activity.
An interesting and important discussion between
@nvk
,
@harry_sudock
,
@pablof7z
&
@rot13maxi
👇
🚨🚨Bitcoiners, ASSEMBLE!
Join us this coming Tuesday in London for:
"Here Comes
@mercurylayer
!" from Dr Tom
@TTrevethan
!
📅TUES 5th DEC
📍London Bridge Rooftop Bar
👉
After updating to Mercury v0.4.62, the issue I pointed out in my last tweet on this thread has been solved. Thanks
@TTrevethan
!
Who wants the
#StatechainTorch
next? Reply with your statecoin address to be the next torchbearer 🔥
Swap Refactoring:
• Protocol fixes:
- Reuse client generated data in first round swap_first_message
- Delay only on swap retry
• Increasing test coverage
UI Fixes:
• Expiry date when connection drops
• Reduced renders of coins info
A statechain implementation has been spotted in the wild. Another second layer solution is coming to market to help scale Bitcoin while making it more private. Bullish.
Next meetup is this coming Wednesday 3rd April.
Don't miss Dr. Tom talk about Mercury Layer: A fully blinded implementation of statechains.
Details below:
@commerceblock
@mercurylayer
(Note this is a repost with corrections, please boost this!)
Statechains on trust spectrum. This is MercuryWallet as of today. With blinded version it will increase (next month). With APO it will increase (2030).
New wallet release: . This version is now required to participate in swaps - previous version will no longer be able to register coins for swaps (this is due to a bug in some older version that were causing groups to fail).
🏗️ While it's not yet 100% finished, mercury-node is more or less feature complete. We welcome the community to take a look, provide feedback, and contribute to its development.
#collaboration