Lightning Labs Launches Bitcoin Non-Custodial Scaling Solution LayerTree: Single UTXO Shared by Millions of Users

Lightning Labs announced on the X platform the launch of LayerTree, a non-custodial scaling solution based on Bitcoin that can connect with the Lightning Network. According to the introduction, LayerTree utilizes Covenants technology, enabling a single UTXO to be shared by up to 1 million users. Users can receive funds without staying online and can exit at any time via a single transaction, with funds not becoming invalid due to timeouts.