Fiat Channels

FIAT CHANNELS

Finance

fiatchannels

Synthetic Stablecoins for Bitcoiners and Bitcoin Banks

Stats

Status
Launched
Votes0

Links

About

The proposed solution is based on recently announced “hosted channels” standard implementation (aka “custodial channels” or “host-channels”). Host-channels could be modified to support constant nominal value in fiat currency while being programmatically backed by corresponding amount of sats. The most advantageous part of the proposal is that payments from/to such fiat channels will be transferred on top of LN network original nodes w/o any limitations.

Team

Ilya E.

Ilya E.

Creator

🦄 Founder

Tournament Participation

Legends of Lightning ⚡️

### Tournament details Welcome to **Legends of Lightning**, a new online global tournament for makers to learn, connect, collaborate, and build innovative applications and tools with bitcoin and lightning. From now until 7th December makers can accelerate their bitcoin projects through mentorship in design, development, and lightning integration. Forming teams to hack on new or existing projects, makers can show off their progress, activity, and updates as they #BuildInPublic - competing for up to **~$60,000 (3 BTC) in prizes.** BOLT🔩FUN has partnered with a number of meetups, hackathons, and workshops to provide participants the opportunity to brainstorm, design, build, and accelerate their projects over the course of the tournament. Whether your project is an open-source public good, or a business that you’re looking to build, we want to encourage their longevity and continued development of projects. We’ve partnered up with funding specialists, including VCs firms like Fulgur Ventures, or grant platforms like Geyser and Open Sats to help you figure out your next steps. At the end of the tournament, our judges will evaluate all projects entered. The top entries from our two tracks (Global Adoption and Building for Africa) will be selected for the semi-finals, where they will have the chance to refine and pitch their projects on demo day (6th December). We will then announce the individual track winners and grand champions! Have you got what it takes to be the legend of lightning?