Lightning2049: Bitcoin layer 2 comparison in Singapore
Atlas21 (Newsroom)The event organized by Lnfi Network brought together developers and investors to discuss operational implementations on Lightning Network, RGB, and Taproot Assets.
During the first days of October, Lightning2049 was held in Singapore, a side event of Token2049 dedicated to the Bitcoin layer 2 ecosystem organized by Lnfi Network and RGB Protocol Association, with support from Bitfinex. The event reviewed the implementations currently operational on the Lightning, RGB, and Taproot Assets protocols.
The RGB Protocol Association confirmed that RGB v0.11.1 is active on mainnet. The protocol enables the issuance of assets, including stablecoins and tokens, through smart contracts that operate with a privacy-oriented approach. Integration with the Lightning Network represents one of the ongoing technical developments.
Darius, co-founder of Lnfi Network, presented LN Node, a self-custodial Lightning node with support for Bitcoin, Taproot Assets, and RGB. This solution allows operators to open channels, generate yields in BTC, and manage assets through a web interface or natural language commands.
On the front of native yield in bitcoin, Federico Tenga, R&D strategist at Bitfinex, discussed the use of Lightning to generate yields through liquidity routing, without resorting to centralized staking or lending.
The presentation by Walter Maffione, co-founder and CTO of KaleidoSwap, showcased the first atomic swap of RGB assets executed on the Lightning Network. The operation was performed using the DEX infrastructure developed by KaleidoSwap, enabling trustless exchanges between RGB assets on mainnet.
Bobby Shell, VP Marketing at Voltage, illustrated some new use cases in development for the Lightning Network: micropayments for AI services, stablecoin invoicing, and pay-per-use APIs.
During the panels, the transitional phase that the ecosystem is going through emerged: while on one hand various layer 2 components – including trading protocols, programmable applications, and self-custodial yield mechanisms – are already operational on mainnet, on the other hand the need to improve user experience and accessibility for developers and end users remains a priority.
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