Glossary
Key terminology used across the Amboss platform and the Lightning Network.
Amboss Products
| Term | Definition |
|---|---|
| Payments | Amboss’s instant stablecoin and Bitcoin payment infrastructure for businesses. Send, receive, and settle in USDT, USDC, and BTC in seconds for near-zero fees. |
| Space | Amboss’s Lightning Network explorer and analytics platform. |
| Rails | Amboss’s Lightning yield product that deploys Bitcoin for yield via liquidity leasing and routing. |
| Magma | Amboss’s open-source Lightning node management interface with an integrated liquidity marketplace. |
| Reflex | Amboss’s risk and compliance suite for Lightning businesses. |
| RailsX | A Lightning-native decentralized exchange built on Taproot Assets. |
Lightning Network
| Term | Definition |
|---|---|
| Channel | A payment channel between two Lightning nodes that enables off-chain Bitcoin transactions. |
| Inbound Liquidity | The capacity available for receiving payments through a Lightning channel. |
| Outbound Liquidity | The capacity available for sending payments through a Lightning channel. |
| Routing | The process of forwarding payments across multiple channels to reach the destination. |
| Routing Fee | A small fee earned by nodes that forward payments on behalf of others. |
| Gossip | The peer-to-peer protocol used by Lightning nodes to share network topology information. |
| HODL Invoice | A Lightning invoice where the payment is held until a condition is met, used by Magma for trustless channel purchases. |
| Public Key (Pubkey) | The unique identifier for a Lightning node on the network. |
| Channel Point | The on-chain transaction output that funds a Lightning channel. |
Technical Terms
| Term | Definition |
|---|---|
| Taproot Assets | A protocol for issuing digital assets on Bitcoin that can be transferred over Lightning. |
| GraphQL | A query language for APIs, used by all Amboss API endpoints. |
| API Key | A credential used to authenticate requests to Amboss APIs. |
| Webhook | An HTTP callback that sends real-time notifications when events occur. |
| HMAC-SHA256 | A cryptographic hash function used to verify the authenticity of webhook payloads. |
| Argon2id | A key derivation function used by Rails for secure password hashing. |