Description
LSAT (Lightning Service Authentication Tokens) is a pioneering protocol designed to revolutionize online payments and authentication by utilizing the Lightning Network, a layer 2 solution built on the Bitcoin blockchain. This innovative framework facilitates seamless micropayments and subscriptions on the internet without requiring conventional payment processors or the collection of invasive personal data typically associated with user accounts. LSAT combines authentication and payment into a single step through cryptographically secure tokens, which not only grants access to services or content but also enhances privacy, reduces costs, and improves user experience by streamlining transactions and removing the dependency on centralized account systems. Developed by Lightning Labs, LSAT is an open-source standard for authenticating and paying for APIs, using macaroons for the implementation of authentication tokens. This allows for dynamic pricing and novel functionalities such as automated tier upgrades, essentially acting as a global HTTP 402 reverse proxy at the load balancing level for services. LSAT's infrastructure is poised to create a more open, efficient web, enabling ...
LSAT (Lightning Service Authentication Tokens) is a pioneering protocol designed to revolutionize online payments and authentication by utilizing the Lightning Network, a layer 2 solution built on the Bitcoin blockchain. This innovative framework facilitates seamless micropayments and subscriptions on the internet without requiring conventional payment processors or the collection of invasive personal data typically associated with user accounts. LSAT combines authentication and payment into a single step through cryptographically secure tokens, which not only grants access to services or content but also enhances privacy, reduces costs, and improves user experience by streamlining transactions and removing the dependency on centralized account systems. Developed by Lightning Labs, LSAT is an open-source standard for authenticating and paying for APIs, using macaroons for the implementation of authentication tokens. This allows for dynamic pricing and novel functionalities such as automated tier upgrades, essentially acting as a global HTTP 402 reverse proxy at the load balancing level for services. LSAT's infrastructure is poised to create a more open, efficient web, enabling ...
