RATE Group | Ether on Lightning Is the Latest Bridge Crossing Crypto’s Great Divide
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Ether on Lightning Is the Latest Bridge Crossing Crypto’s Great Divide

05 Nov Ether on Lightning Is the Latest Bridge Crossing Crypto’s Great Divide

Posted at 22:31h in Ethereum News by

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Ethereum developers are using the Lightning payments network to build bridges into the bitcoin ecosystem.

The venture-backed crypto startup Radar, best known for its decentralized exchange (DEX) relayers for 0x, just launched a service called RedShift, which allows people to pay a lightning invoice from an ethereum wallet.

Radar product lead Brandon Curtis told CoinDesk:

“There are some people out there who want to be bitcoin maximalists or only work on ethereum things. But I think there’s a large, silent majority of us that are interested in multiple chains, in multiple assets, and want to build things that bridge between them.”

MetaMask wallet users with an in-browser widget can simply add a second widget to their browsers and paste a lightning invoice into the ethereum wallet, like a normal wallet address. On the back end, Radar will swap the ether for bitcoin and manage channels so the recipient is paid in bitcoin. This widget will eventually connect the user…

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