[Why smart asset lightning network?]

Why smart asset lightning network?

Decentralized finance industry requires a much more flexible, extensible and cheaper smart assets circulation solution to solve the main chain scalability problem. Lightning network is a solid technology to this problem. According to the layer-2 protocol BOLT (Basis of Lightning Technology) specification for off-chain bitcoin transfer, we need a protocol to support wider range of assets for upper layer applications: payment, game, finance or scenerios need stable coins.
 


What is OmniBOLT?

We propose OmniBOLT, the smart asset lightning network, for this purpose. OmniBOLT daemon(OBD) is the golang implementation, an open source, off-chain decentralized platform, build upon BTC/OmniLayer network, implements basic HTLC payment, atomic swap of multi-currencies, and more off-chain contracts on the network of smart assets enabled lightning channels.

The testnet is now online.

Source code is in this git repo: https://github.com/omnilaboratory/obd
And the OmniBOLT spec repo is here: https://github.com/omnilaboratory/OmniBOLT-spec
Document for a better reading experience: https://omnilaboratory.github.io/obd/


Advantages  

1. Instant payment of smart assets issued on OmniLayer and Etherium(soon future).
2. Cross channel atomic swap for various crypto assets.
3. Decentralized exchange on top of stable coin enabled lightning channels.
4. Collateral Lending Contract and more flexible contracts for various DeFi scenarios based on atomic swap, without any extra cost of transaction fee or any intermediary;

Interested readers shall directly go to chapter 6: DEX, Collateral Lending Contract, online store ... to seek more examples.

 

LunarX is a middleware designed to enable distributed data service. It provides a bunch of fundamental protocols that defines infrastructural services which are necessarily supporting the future value network. With its support, DApp can have each node in the network provides services to each other no matter where they are, storing encrypted data, responding to data requests, while earning tokens at the same time. By skipping data centers, LunarX significantly reduces the cost of service.



It is a matrix, peer-to-peer network, and bridge.

As a globally sparse and locally dense matrix, LunarX uses this structure to manage the underlying data chain, providing services going beyond storing files like existing solutions. It can store structured data and perform data computation tasks to support information retrieval, structural data analysis, stream media publishing, content delivery, CDN, and more. It also has robust data self-recovery functionality through erasure coding, therefore protecting data from out-of-service nodes or malicious hackers.

As a peer-to-peer network, LunarX enables every node to provide data chain functionality to clients as a part of the whole data service system. Each node can voluntarily contribute to a useful work to earn tokens as return.

As a bridge, LunarX provides a set of standardized fundamental protocols to enable DApps to interact with blockchain and the underlying hardware. LunarX provides abstractions that free DApp developers from knowing the exact implementations of data services in a peer- to-peer network while maintaining transparency.

Now LunarX is listed on Bitforex, one of the top exchanges in the world.

[Official Site] https://LunarX.co

[Get LX token from BitForex]
https://www.bitforex.com/registered?inviterId=1808211

[Telegram] https://t.me/LunarXOfficial

[Twitter] https://twitter.com/LunarXONE

Source code of the engine part is at: https://github.com/LunarX-ONE/LunarX-node

White papers are at: https://github.com/LunarX-ONE/White-Paper

[White Paper Part I]: the theory, technical architecture.
[White Paper Part II]: The business scenarios, processes and architecture.
[White Paper Part III]: Team, token, Roadmap. Merged to Part II.