Bitfury’s Payment Routing Algorithm Undergoes Successful Tests on Lightning Network
Bitfury’s new payment routing algorithm (known as Flare) has been implemented on the Lightning Network following a successful test period by French startup ACINQ. The idea stems back to July of this year, when Bitfury released a white paper discussing the algorithm and what would be needed to grant it successful, “lightning-fast” integration. ACINQ then spent time testing the algorithm with approximately 2,500 AWS nodes, and discovered that payment methods were typically found roughly within .5 seconds about 80 percent of the time. The algorithm is slated to be fast, effective, and likely....
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The idea stems back to July of this year, when Bitfury released a white paper discussing the algorithm and what would be needed to grant it successful, “lightning-fast” integration Bitfury’s new payment routing algorithm (known as Flare) has been implemented on the Lightning Network following a successful test period by French startup ACINQ. The idea stems back to July of this year, when Bitfury released a white paper discussing the algorithm and what would be needed to grant it successful, “lightning-fast” integration. ACINQ then spent time testing the algorithm with approximately 2,500....
Bitfury just announced a white paper, in collaboration with Olaoluwa Osuntokun and others from the Lightning Network team, proposing a new algorithmic solution to Lightning Network’s routing problem. A hybrid routing algorithm is proposed which, according to a press release, ensures that “routes can be found as quickly as possible.” According to the whitepaper the algorithm uses a “proactive update of the node’s routing table,” and a “reactive collection of information based on a routing request,” allowing for connections between any payment channel. The whitepaper states that the hybrid....
French Bitcoin technology company ACINQ has successfully tested and implemented leading Blockchain technology company Bitfury’s algorithm solution for instant payments routing on the Lightning Network. Bitfury’s Lightning Network-based algorithm solution Flare was introduced in July 2016 in collaboration with the Lightning Network team, with the vision to deploy a hybrid routing algorithm, The objective and intention behind the creation of Flare was to establish a more efficient and improved ecosystem for the settlement of microtransactions in the Bitcoin network. The BitFury development....
Bitfury Group has recently introduced a 40-page white paper, which proposes a routing solution for the Lightning Network (LN). Dubbed “Flare,” the concept is an approach to payment routing that involves nodes gathering data concerning the LN topology. The researchers performed tests with the routing algorithm and found it to be scalable with at least....
ACINQ, a French startup that develops bitcoin products, successfully tested the Bitfury Group’s payment routing solution called Flare on the Lightning Network, according to an ACINQ press release. The test bodes well for addressing the bitcoin scaling challenge. Bitfury Group’s white paper in July 2016 described the specifications for an algorithm to spur additional academic progress. ACINQ used these specs to code a payment routing algorithm and tested it with 2,500 AWS nodes. ACINQ found the Flare algorithm could locate a payment route in around 0.5 seconds with an 80% probability.....