Bitcoin Lightning Network Creator Joins MIT Digital Currency Initiative
Tadge Dryja, one of two authors behind the white paper that spawned bitcoin's much-anticipated Lightning payment network, has officially joined MIT's Digital Currency Initiative. Dryja will now work full-time at the famed technical university's cryptocurrency and blockchain research effort – a division of its larger MIT Media Lab – where he will serve as a research scientist. (The MIT DCI also funds core bitcoin developers as part of a separate program under its management.) In interview with CoinDesk, MIT DCI director of research Neha Narula credited the hiring to the caliber of Dryja's....
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The Lightning Network may well be Bitcoin’s primary solution to the issue of scalability, but many skeptics believe there are unresolved issues with this layer-2 system for the blockchain. The possibility of too much centralization via so-called “supernodes” is one of the common criticisms of the Lightning Network, and attached to that is the fear of these new, mostly -centralized payment hubs having the capacity to censor transactions. Bitcoin Magazine recently reached out to BitGo Engineer and Statoshi.info creator Jameson Lopp to get his thoughts on the possible privacy issues....
The Lightning Network may well be Bitcoin’s primary solution to the issue of scalability, but many skeptics believe there are unresolved issues with this layer-2 system for the blockchain. The possibility of too much centralization via so-called “supernodes” is one of the common criticisms of the Lightning Network, and attached to that is the fear of these new, mostly -centralized payment hubs having the capacity to censor transactions. Bitcoin Magazine recently reached out to BitGo Engineer and Statoshi.info creator Jameson Lopp to get his thoughts on the possible privacy issues....
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