From c8b644908c1b6c2126756433cef7006a281bfac7 Mon Sep 17 00:00:00 2001 From: brqgoo <100725376+brqgoo@users.noreply.github.com> Date: Mon, 16 Jan 2023 16:55:44 +0300 Subject: [PATCH] Update 04.md --- 04.md | 2 -- 1 file changed, 2 deletions(-) diff --git a/04.md b/04.md index c99cf9f..03b2f43 100644 --- a/04.md +++ b/04.md @@ -11,8 +11,6 @@ This BDS defines a privacy-preserving, footprint-minimal, offline swap-in mechan ## Rationale [BDS-01](https://github.com/bits-wallet/specs/blob/main/01.md) mandates BitsApp channels to operate one-way-only for the interactivity benefits. This means inbound payments are not allowed for BitsApp channels. Sending on BitsApp is off-chain only, and receiving is on-chain-only. The only way to receive on-chain liquidity through lightning is submarine swaps. However, submarine swaps have many drawbacks: -### On-chain footprint -Cannot allow batch openings, consuming more on-chain footprint. A third party (i.e. on-ramp exchange) cannot open a channel for two other parties (between the user and LSP), among other outputs. Note that Vortex enables batch openings as a side result but requires interactivity pre-channel formation. ### Receiver privacy Offline receiving is not possible without compromising privacy.