A Problem With Bitcoin's Lightning Network Liquidity And Ideas To Address It
To actually solve the problem of receiving funds without having secured liquidity from someone else's node requires protocol-level changes.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Ignoring the problems of the Lightning Network and protocol stack seems to be a very popular thing to do these days. It is currently the most widely adopted and used second layer of the Bitcoin network, and the fastest moving in terms of further development. It also has a lot of shortcomings that are easy to sweep under the rug....
Related News
In the Lightning Network, inbound liquidity is a precious resource. The Galoy Research team detected an irregularity, and, trying to fix it stumbled into a whole business model. Their elegant solution transforms a problem into dollars, which is remarkable. This case reads like a detective novel. Let’s dive in. Related Reading | Lightning Speed: Podcasting 2.0 And Its Relationship With The Lightning Network Liquidity Leechers And Inbound Liquidity In the article “Galoy Research: Self-Balancing Fee Structures for Inbound Liquidity,” the company describes the problem to then lay on us....
The Bitcoin block size is a hot topic in Bitcoin. Gavin Andresen has been at the center of the heated discussion of how to scale Bitcoin to accommodate higher transaction volumes. The Lightning Network has garnered much support as a possible solution to this problem. The co-authors of the Lightning Network white paper, Joseph Poon and Tadge Dryja, gained credibility with the release of their ideas. Many projects have already seen the benefit of something like Lightning Network to their projects. And, according to Joseph Poon, this will be an easy thing for them to do. "Most companies can....
Lightning Labs has launched Lightning Pool, a marketplace for Lightning Network channel liquidity and, perhaps, the advent of LiFi. The post Lightning Labs Releases Channel Liquidity Marketplace appeared first on Bitcoin Magazine.
Bitcoin lightning network has now hit a record high. With the recent bull rally and adoption taking place in the year, the need for the lightning network has grown. This has led to massive growth for the network. Liquidity in the lightning network has hit multiple all-time highs this year and this is just another addition to that list. Facilitating fast, efficient, and cheap transactions have been the driving force behind the success of the network. The all-time highs being hit this year show that adoption is growing and it represents a crucial lift-off point for the digital asset going....
The Lightning Network operates on channels which require funding and necessitate fees — but is everyone participating for the same reason?