Topic: Upgrading Lightning Loop with Multi-Path Payments (Read 147 times)

Today we're happy to announce that the recent release of LND 0.10.0 has enabled Lightning Labs to release the first major upgrade for Lightning Loop since its beta release: multi-path Loop support. As Loop is a non-custodial service that translates Lightning off-chain funds to blockchain on-chain funds, it is specifically designed to service amounts suitable for the Blockchain that are larger and aggregate many off-chain micropayments. To scale this value up we're adding support for Loop users to leverage multiple channels in a single Loop Out to the chain. We are also raising the limit of a Loop Out from 0.042 BTC to 0.1 BTC.

Since the Loop Beta that we released in February we have also been working on some changes for Loop In. With this multi-path payments release we now have the ability to use multiple channels together to translate on-chain funds to refill your off-chain channels. And we have also added the ability to specify your preferred on-chain fee for Loop In to maximize the cost efficiency of getting your on-chain funds into Lightning.

Using multiple channels for Loop payments is an ideal use-case for the multi-path payments technology. Rebalance operations to move off-chain funds from ten channels onto the chain could previously have required at least ten separate on-chain transactions with Loop Outs or channel closes. With multi-path payments support, these same ten channel rebalances can now be achieved in one on-chain Loop Out operation.