Blockstream Announces Greenlight Lightning Node Service
Blockstream announces Greenlight, where new users can be easily onboarded to Lightning while holding their own keys.Bitcoin giant Blockstream announced their latest product today which uses their cloud infrastructure to allow users to run a Lightning node while maintaining control over their own keys, per a press release sent to Bitcoin Magazine. For this product, the private keys never leave the user’s personal device, assuring them that they always have full custody of their funds. Greenlight users will be able to access the device with ease through a simple programmable....
Related News
The easiest way to set up and run a Lightning Network node is with an out-of-the-box solution. The majority of full Bitcoin node products also run Lightning clients and they have condensed all of the essentials for running a node into small boxes — you just need to plug them in and follow prompts. ...
Blockstream engineers Paul “Rusty” Russell and Dr. Christian Decker completed their first lightning transaction on Bitcoin’s testnet this week. The test transaction was made using the latest version of the Blockstream’s lightning prototype software, lightningd 0.5 and consisted of a digital purchase from a web-store. Speaking to Bitcoin Magazine Decker said: “This is a big milestone for us. It's the first time we have a channel setup on a real blockchain, with real latencies and block rates, and it's the first multi-hop transaction, where a payment for a digital good routes from one node....
People who run Lightning Network nodes can charge fees to process transactions through their Lightning channels, thus earning small amounts of BTC. For instance, depending on network activity, a single Lightning node could route $10,000 worth of transactions per month and receive a 0.25 percent fee ...
Blockstream successfully tests Lightning payment protocol on Bitcoin blockchain. The Bitcoin Lightning micropayments protocol has successfully passed the test. The protocol was tested recently by researchers from Blockstream, a company contributing towards the maintenance and development of Bitcoin Core protocol. People from across the world are increasingly using Bitcoin as a medium of value exchange and storage. This has led to a sharp rise in the number of transactions being processed by the Bitcoin blockchain on a daily basis. As the community continues to grow, the Bitcoin network....
The lightning vulnerability was made public on Oct 9. Lightning network node operators running LND versions prior to the Oct. 1 version 0.11 upgrade have been urged to upgrade immediately after a vulnerability was discovered affecting LND versions 0.10 and below.The vulnerability was made public in an Oct. 9 announcement from Lightning engineer Conner Fromknecht, head of cryptographic engineering at Lightning Labs. Fromknecht said:“While we have no reason to believe these vulnerabilities have been exploited in the wild, we strongly urge the community to upgrade to lnd 0.11.0 or above....