A Beginners Guide To Submarine Swaps

A Beginners Guide To Submarine Swaps

Written by Solomon Eze

Overview

As bitcoin continues to grow, layers or protocols built upon it continually look for better ways to improve the scale, adoption, and utility of bitcoin.

A major problem between these layers is transaction barriers because it’s not a straightforward step to simply send bitcoin from a lightning channel to an on-chain address without having to close and open channels.

Submarine swaps work on the same principles as atomic swaps and provide a solution to this problem.

What is a Submarine Swap

A submarine swap bridges the gap between the lightning network and on-chain bitcoin blockchain funds by providing a way to trustlessly exchange your coins from lightning to on-chain addresses...

Discover more about the role Submarine Swaps play in the Bitcoin system with Solomon here.

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Quantum Computing and Bitcoin: Understanding the Risks, the Trade-offs, and the Path Forward

Quantum Computing and Bitcoin: Understanding the Risks, the Trade-offs, and the Path Forward

CriterionBitcoin's RequirementSignature size64 bytes (Schnorr, BIP-340)Verification speedFast enough for full node throughputSigning speedFast enough for payment channel state updatesSecurity assumptionWell-studied, conservative, quantum-resistantCryptanalytic maturityDecades of failed public attacksConstant-time implementationReliably achievable in practice CriterionML-DSA (FIPS 204)SLH-DSA (FIPS 205)Original AlgorithmCRYSTALS-DilithiumSPHINCS+Hardness AssumptionModule Lattice (MLWE/MSIS)Hash

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