Lightning Network data analytics provider Amboss has launched Hydro — an auto-sourcing liquidity solution for the Bitcoin Layer 2.
Lightning Network specialist Amboss has launched Hydro — subscription-based automatic liquidity sourcing for the Bitcoin Layer 2.
Hydro aims to enable businesses to receive payments over Lightning without the complexities of channel management or requiring centralized custodial intermediaries, according to a statement. "Hydro is a game changer for businesses to get the benefits of the Lightning Network without trusted custodians, intermediaries or the headache of channel management," Amboss co-founder and CEO Jesse Shrader said.
Businesses can also set target inbound liquidity — the total value of bitcoin payments it can receive — enabling tailored, cost-effective channel management without the opportunity cost of locking up significant amounts of their own capital or the technical expertise required for manual channel management.The Lightning Network is a second-layer solution of payment channels built on top of the Bitcoin blockchain, designed to enable fast and low-cost transactions.
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