Lightning Labs said on X that it has launched LayerTree, a non-custodial scaling solution built on Bitcoin and designed to connect with the Lightning Network. According to the company’s description, LayerTree uses covenants to let a single UTXO, or unspent transaction output, be shared by as many as 1 million users. The setup is intended to preserve user control of funds while expanding how many participants can rely on the same Bitcoin output structure.
Lightning Labs also said users do not need to remain online to receive funds under the LayerTree design. It added that users can exit at any time through a single transaction, and that funds do not expire because of timeouts. The announcement was made on the social platform X and did not include additional technical details in the source material provided.
Lightning Labs said on X that it has introduced LayerTree, a non-custodial scaling solution built on Bitcoin that can connect with the Lightning Network.
According to the announcement, LayerTree uses covenants to allow a single UTXO, or unspent transaction output, to be shared by as many as 1 million users. Users do not need to stay online to receive funds, and they can exit at any time with a single transaction. Lightning Labs also said funds do not expire due to timeouts.
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