Creator of USDT says that Tether in Lightning is “the perfect road”

In an interview with Scott Melker, the podcast host called The Wolf of All Streetsthe CEO of Tether Paolo Ardoino referred to the meaning of the stable Cryptocurrency USDT on the lightning network. For the Italian businessman and scientist, “the beauty of USDT in Lightning is that it is the perfect way to make large -scale transactions.” Paraphrasing Ardoino, this means that this route (USDT in Lightning) extracts and combines the suitability of a currency whose price does not vary and whose adoption is high with the speed and efficiency of the light network, a second -layer payments technology that Bitcoin scale.

As Cryptonoticias reported, the company that created and emits the popular stable cryptocurrency announced the integration of USDT into the Bitcoin ecosystem, both in its base layer and in Lightning Network. The announcement was made on January 30 in a joint statement by Paolo Ardoino and Elizabeth Stark, the Lightning Labs CEO.

In Ardoino’s recent video with Scott Melker, Tether’s CEO clarifies that Usdt “will be available in Lightning”, implying that the stable cryptocurrency in Bitcoin remains in the process of integration.

The scientist who leads the Tether company considers that the difference between USDT in Lightning and “everything else” is that any other second layer that is in Ethereum has the same problem: a “Unique state of action” or shared status and a limited set of validators.

At the programming level, a unique state of action (Single Share State) It is the process of allowing many functions to have access to the same data so that when a function makes a change in these data, it is instantly visible for all other functions, “according to the following documentation found in Github.

If you have certain batteries (Stacks), you would have a validator or three validators that, which would be formidable to see, but in most cases, you have a single validator, which is not very decentralized. In any case, each node in that second -layer system would need to subscribe and maintain the speed with the only state shared along the nodes. Each of the nodes needs to ‘see’ everything to be able to validate and be part of the network.

Paolo Ardoino, CEO of Tether.

Instead, Ardoino assures that the P2P channels of Lightning payments allow to open a separate private channel with any person and tran through that channel. Also, they allow forcing a validator of the client side of an intelligent contract. The latter refers to the Lightning uses intelligent contracts to ensure that transactions outside the chain have a possible common language with Bitcoin, and can be executed in their block chain. Finally, Lightning allows you to close the channel.

The tether CEO deepens and considers that all systems should be built in the manner of lightning, because this Bitcoin payments does not require that participants outside a channel see what the members of the same dounlike what happens with those that Ardoino attributes the Single Share State.

This “virtue” of lightning It is thanks to the fact that it works outside the chain, separating it from traditional networks, where all transactions are registered in accounting books and can be known in detail, through Bitcoin explorers and other cryptocurrencies.

During the interview, Ardoino showed that Tether has been from the beginning in close practical and philosophical relationship with the Bitcoin Network, although Ethereum’s departure and his intelligent contracts forced the company to reduce this relationship.

“Tether (USDT) started in Omni, which was a layer on Bitcoin.

As Cryptonotics also reported, USDT will arrive in Lightning using the Taproop Assets protocol. This allows Issue assets in Bitcoin and transfer them through the Lightning Network for instant and high volume transactions.

«Taproot Assets depend on Taproot, the Bitcoin update, for a new tree structure that allows developers to embed arbitrary asset metadata within an existing output. Use Schnorr signatures to improve simplicity and scalability, and, more importantly, it works with transactions of several jumps through lightning », according to the official documents of the Lightning Network.

USDT had arrived in Bitcoin in the past, specifically on August 7, 2024 through Speed ​​in the form of a wrapped token. However, this time it will reach the Lightning Network officially and with total asset support.