PROJECT
Fiat Channels
AUTHORS
DATE
VOTES
STATUS
Launched
CATEGORY
Finance
Fiat Channels

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.