Bitcoin’s Lightning Network Is Not Private, Yet
Lightning developers discussed privacy concerns and the corresponding probable solutions for Bitcoin’s Lightning Network at the Bitcoin 2022 conference.At Bitcoin 2022, a group of developers sat down on the open-source stage to flesh out the current state of Lightning privacy as well as to discuss shortcomings that users should be aware of and to sketch out some solutions. The panel featured Lightning protocol engineer at Blockstream Lisa Neigut, software engineer and Zeus founder Evan Kaloudis, and Bitcoin and Lightning developer Tony Giorgio.Privacy is a common theme of Bitcoin....
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Lightning Labs, one of the prominent companies working to realize the lightning network, announcedthis week the alpha release of the open-source lightning daemon they've been spearheading: LND. While only compatible with Bitcoin’s testnet so far, the software is relatively feature-complete and operational. “We’re now looking for the wider community to test the software,” Joseph Poon, Lightning Labs developer and co-author of the lightning network white paper, told Bitcoin Magazine. “To get it ready for widespread use, but also to explore new use cases this enables.” The Lightning Network.....
Perfect timing and place for a Lightning Network Conference. In less than a week, Bitcoin will be legal tender in El Salvador. The Lightning Network was instrumental for this to happen. The real-life case study for the Lightning Network is El Zonte AKA Bitcoin Beach. And in Mid-November, all of those factors will collide in an event aptly titled “Adopting Bitcoin.” Related Reading | How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You This Lightning Network conference comes with a call-to-action as its unofficial slogan, “Unite, focus, collab!” And, by the looks of....
The Lightning Network is one of the most bullish developments that the Bitcoin ecosystem has seen so far. And all the available metrics point up, a healthy and vibrant network is brewing. However, investor Kevin Rooke took a deeper look and found out that the Lightning Network is probably even bigger than previously thought. “Inaccurate comparisons and privacy preserving features make it hard to truly understand how big the Lightning Network is.” Related Reading | Bitcoin Lightning Network Reaches Record Capacity What does Rooke mean by that? Let’s find out. The Lightning Network By....
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....