4 Bitcoin Lightning Network Vulnerabilities That Haven’t Been Exploited (Yet)
Bitcoin’s Lightning Network has a few of vulnerabilities that have been discovered in its two-year lifespan, but none have been exploited.
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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....
The nature of open-source distributed systems leaves some vulnerabilities open to exploitation, but should bugs be exploited publicly or disclosed in private?
These vulnerabilities are reminders that improvements come with trade-offs – and that security and usability are two sides of the same coin.
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....
Larger payment channels on Bitcoin’s Lightning network could be exploited according to an independent developer Independent Bitcoin Lightning developer, Joost Jager, has outlined an exploit of the micro-payments network that could result in channels being compromised with very little effort and negligible cost.However, he said he’s hard at work on a possible solution.1/ Lightning is great, but can't say it is battle-tested. If script kids would be interested, they could take down those shiny new 5 BTC #wumbo channels with negligible cost and no effort at all. pic.twitter.com/9PTkxfF042—....