If you are reading this post, you may have already heard that we have closed all Lightning channels with our users, replacing them with DLC channels. That may sound like a step backwards, so we want to explain our reasoning behind this decision and tell you why we think it is actually a good thing.
2024 kicked off at full speed in the Bitcoin world: we celebrated the 15th Bitcoin anniversary on January 3rd; Bitcoin ETFs were approved and have recorded record-breaking trading volume; and, of course, we are heading towards the next Halving after block 840,000, which is estimated to happen around April 19th.
While this alone is already plenty to digest, we at 10101 will continue pushing the boundaries of self-custodial trading on Bitcoin using Discreet Log Contracts (DLCs).
