Sideshift App Demonstrates a Trade Between Lightning Network BTC and Tether

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Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project’s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any Drivenet coins to be swapped between any blockchain protocol. On Friday, an application called Sideshift.ai was used to demonstrate a bitcoin core (BTC) to tether (USDT) swap using the Lightning Network. Also Read: A Look at Some of the ‘Next Generation’ Bitcoin Mining Rigs Available Today Introducing Sideshift Jan. 11 saw a demonstration of Sideshift.ai, an application that allows users to swap cryptocurrencies between chains. Sideshift was first revealed last year by Andrea Brekken among the suite of applications he created for the Drivechain project. Brekken is the chief executive officer of the review site Shitcoin.com and the infamous coder who once held the most BTC ($220,000) on the Lightning Network last year. The Sideshift platform allows people to convert coins for a small fee with a processing time of under five seconds. Developer Andreas Brekken (right) designed the Sideshift application and made headlines for having one of the largest nodes on the Lightning Network back in July. Brekken is also known for his review website Shitcoin.com. In the demonstration, Sideshift, processes a swap between BTC held on the Lightning Network and tether (USDT) using the Eclair mobile wallet for Android. At the moment the Sideshift application is in its very early stages, but users can experiment with…
Source: Sideshift App Demonstrates a Trade Between Lightning Network BTC and Tether

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