Unlocking a World of Opportunities — MicroNode Early Access Begins On 07 May 2024

We’re thrilled to share the details for the upcoming exclusive MicroNode early access testing:

• Start Date: 07 May 2024
• Duration: Estimated to last 2 weeks, depending on testing outcomes.
• Other details will be announced in a private group.

A big thank you to everyone who expressed interest in joining our exclusive MicroNode Early Access Testing!

We’re pleased to announce the selected participants: [Link]
Expect to hear from us shortly.

For those not selected, don’t worry. We’ve prepared a video guide to offer a sneak peek into how MicroNode simplifies the process of creating and managing Lightning Nodes.

MicroNode User Guide: MicroNode User Guide (Early Access) | Lnfi Docs

To understand the current challenges in setting up a Lightning Node, check out this article: MicroNode (Early Access) | Lnfi Docs

MicroNode streamlines the process, requiring just a few simple steps to get your Lightning Node up and running. With MicroNode, you’ll achieve self-custody of your assets effortlessly. Users can easily deposit/withdraw Bitcoins to/from their node and manage their channel capacity with a few clicks.

We eagerly anticipate the active participation of our testers and eagerly await your valuable feedback. With this early access, MicroNode takes a significant stride towards realizing its vision of enabling more users to effortlessly run their node and achieve complete self-custody of their assets

The World of Opportunities with MicroNode

In our Gitbook entry, we delved into the fundamental aspects of MicroNode, exploring its purpose, benefits, and common queries. Now, let’s dive deeper into the technical intricacies and the vast array of opportunities that MicroNode can unleash.

MicroNode entails the installation and utilization of several key components:

• Lightning Network Daemon (lnd)
  This software serves as the backbone for Lightning Network nodes, facilitating the seamless routing of transactions across the network.
• Taproot Assets Daemon (tapd)
  Implementing the Taproot Assets Protocol, tapd empowers the issuance of assets on the Bitcoin blockchain.
• Taproot Assets Hub (TAHub)
  Acting as an intermediary, TAHub facilitates communication between lnd, tapd, and Nostr clients/apps, enabling the exchange of information.

MicroNode, at its core, offers

• Interoperable Sovereign Nostr Identity
  Providing users with a seamless and sovereign identity experience within the Nostr ecosystem.
• Effortless Transactions and Payments
  Users can seamlessly conduct transactions and payments in Bitcoin and/or Taproot Assets with external applications.
• Liquidity Provision on Lightning Network
  By participating in the Lightning Network, MicroNode users can capture Annual Percentage Rates (APR) by providing liquidity.
• Unlocking Diverse Use Cases
  MicroNode opens up a multitude of possibilities for both web2 and web3 applications, broadening the scope of potential functionalities.

All these capabilities are made feasible through MicroNode Connect (MNC), which builds upon the foundation laid by Nostr Wallet Connect (NWC).

NWC facilitates secure access to remote lnd instances, exchanges payment requests, and handles lightning invoices over the Nostr protocol. Notable functionalities enabled by NWC include:

• Connection to wallet services (e.g., Alby) via nostrWalletConnectUrl, allowing users to seamlessly log in to Nostr apps via NIP-07.
• Native BTC payments within Nostr apps (e.g., Zaps).
• Setup of recurring BTC payments.

MicroNode Connect (MNC)

Extending the capabilities of NWC, MNC empowers Nostr clients/apps to interact not only with lnd but also with tapd. This expansion unlocks a host of new functionalities, including:

• Enhanced management of node and channel liquidity through MicroNode.
• Native Taproot Assets payments within Nostr apps (e.g., USD-stablecoin Zaps).
• Setup of recurring payments in Taproot Assets (e.g., USD-stablecoin).

Moreover, MicroNode Connect is designed with high extensibility, potentially incorporating connections with NostrAssets to enhance composability between NostrAssets and other applications.

In essence, MicroNode, coupled with MicroNode Connect, serves as a versatile gateway, bridging the gap between traditional financial systems and the decentralized world, while offering a plethora of possibilities for innovation and growth.