Lightning Labs launched a non-custodial Bitcoin scaling solution LayerTree: a single UTXO can be shared by a million users

Lightning Labs announced the launch of LayerTree on the X platform, which is a non-custodial scaling solution based on Bitcoin that can connect with the Lightning Network.

According to the introduction, LayerTree utilizes Covenants technology, allowing a single UTXO to be shared by up to 1 million users. Users do not need to stay online to receive funds and can exit at any time through a single transaction, with funds not expiring due to timeouts.