But BOLT 12 will take it even further.
BOLT 12 + NOSTR = THE EVERYTHING APP
Nostr Thread:
If you didn’t already know, BOLT stands for Basis of Lightning Technology.
BOLTs are like BIPs for the Lightning Network.
BOLT 12 is already supported experimentally on Blockstream’s Core Lightning and is also being actively implemented by the teams at Acinq, LDK, & Lightning Labs.
BOLT 12 is distinct from BOLT 11 (the current invoicing spec on LN) in a bunch of different ways.
The main component of BOLT 12 is a new type of invoice called an “offer”.
An offer can be thought of as a ‘meta’ invoice- an invoice on top of an invoice.
Offers are useful because they are persistent and static.
This means that you can use them for donation pages, billboards, and zapping fellow plebs on Nostr!
BOLT 11 invoices, on the other hand, can only be used once, and must be generated in real-time.
BOLT 12 offers also allow you to create recurring subscriptions denominated in sats OR dollars.
This could be used to fund paid relays or creators (Patreon style), and for other subscription services.
BOLT 12 is Lightning native, which means that it’s different from LNURL/Static LN addresses because you aren’t required to run a web server to generate invoices.
Your Lightning node handles all the work.
This allows for fully self-custodial zapping⚡️
TLDR;
BOLT 12 would be a dramatic improvement for Lightning and Nostr.
BOLT 12 allows for:
-Subscriptions denominated in USD (but settled in sats)
-Static Zapping
-Self-Custodial Zapping
Thanks for reading.
We’re going to start posting all our threads on here.
Follow for more!
Also, if you run a large Lightning node and you haven’t tried Torq yet, you’re seriously missing out!
Check it out on Umbrel & Btcpayserver or download it straight from GitHub:
https://github.com/lncapital/torq