BOLT12 Officially Merged: A Major Upgrade to the Lightning Network

BOLT12 (Offers) has officially been merged into the Lightning Network's specification, marking a key milestone in the network's evolution. This new protocol introduces improvements to Lightning payments, enhancing efficiency, privacy, and flexibility for a wide range of use cases, including subscriptions, recurring payments, and donations.

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Key Features of BOLT12:

1. Dynamic and Reusable Offers:
2. Improved Privacy and Censorship Resistance:
3. Recurring Payments and Subscriptions:
4. Streamlined Payment Processes:

Expanding Use Cases:

BOLT12’s flexibility makes it well-suited for a broader range of applications on the Lightning Network. Potential use cases include:

• Donations: Users can set up persistent offers for donations, allowing supporters to contribute without needing to request new invoices for each donation.
• Pay-as-you-go services: Services that charge based on usage can integrate BOLT12 Offers to handle payments in real-time.
• Advanced payment conditions: Offers can support more complex payment conditions, such as time-locked payments or split payments, further enhancing the network's capability.

For more details on BOLT12 and its potential applications, you can explore further information here.