🚀 Lightning Labs has unveiled LayerTree, a Bitcoin-based non-custodial scaling solution. It uses covenants and Merkle summation trees to let multiple users share one UTXO while keeping ownership records off-chain. Users can exit anytime in one transaction, without time locks or pre-signed transactions. However, LayerTree requires Bitcoin consensus changes that are not yet activated, so it cannot run on Bitcoin today. #Bitcoin #BTC #LightningLabs #crypto