UTXO Stack Transforms to Lightning Network Pledge Layer and Plans to Launch Token Incentives
UTXO Stack has announced its official transition to the Lightning Network Pledge Layer, providing better liquidity and a better revenue model for the Lightning Network through a decentralized pledge protocol. At the same time UTXO Stack plans to introduce token incentives to incentivize pledging of CKBs and BTCs to enhance liquidity in the state channel. This transition will bring the Lightning Network to the masses by providing liquidity incentives to build a more scalable Bitcoin ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Eric Trump: Bitcoin will continue to soar
Hyperliquid has launched ICP perpetual contracts
Clanker: Starting from November 13, creators will permanently have control over fees.