Bitcoin and Lightning researcher explains | Joe Miyamoto
A submarine swap daemon is a tool used in the Bitcoin Lightning Network to exchange on-chain Bitcoin for off-chain Lightning Bitcoin. It allows users to send their Bitcoin to the daemon, which waits for a user to request a submarine swap. The daemon then uses the on-chain Bitcoin to fund a new payment channel for the user, allowing them to transact off-chain. The submarine swap daemon reduces the number of on-chain transactions required and helps move Bitcoin between the on-chain and off-chain worlds.
If you want to learn more about submarine swap daemon and other Lightning Network topics, #[0] a Lightning Network researcher, can explain everything to you in the new episode of "Connect the World".
🌍 - Go to Connect The World http://t.me/connect_the_world
🔥 - Go to Ring Of Fire http://t.me/SatoshiRadioROF
🎥 - Go to YouTube https://youtu.be/WIECSjKBnpg