A small IT conference took place at the Montelibero club on June 25. I suggest those interested watch the recording of the most interesting presentation – Anton Gusha talked about how the Lightning Network works and what interesting tools can be built on its basis.

Specifically, he created a startup called StandardSats, which allows anyone to download a specialized Lightning wallet application where the balance in satoshis is floating and pegged to the exchange rate of a particular asset. For example, here in Montenegro, we use the Euro rate as a peg, and thus we can settle payments between each other in fiat without having to convert Bitcoin to Euros first.

I wanted to write about this in the third part of the series on Montelibero tokenomics, but while I was pondering how to present it, the project author came to Montenegro himself and gave a presentation, making my task easier.