How Bitcoin’s Leading Lightning Implementations Are Expanding Functionality
Developers behind leading Lighting Network firms LND, CLN and LDK described how they’re pushing Layer 2 forward at Bitcoin 2022.The Lightning Network can't exactly fork like Bitcoin itself can, but it is starting to branch out. The bare minimum viable protocol was initially specified in the BOLT documents early on before anything actually went live on the main Bitcoin network, but that was just the starting point. There are still many extensions to build out in the protocol and areas with unsolved scaling issues. In general, the Lightning protocol itself still has a long way to go in terms....
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As last week’s Scaling Bitcoin workshops came to an end and its attendees returned home, the main task for 12 of Bitcoin’s prominent lightning network developers was really just starting. Last Monday and Tuesday, representatives from ACINQ, Amiko Pay, BitFury, Blockstream, Lightning Labs and Purse gathered on the third story of a working space in the center of Milan. Sitting around a table filled with humming laptops and emptied out pizza boxes, the world’s first “lightning network summit” took place. The specific task at hand was to establish interoperability between the different....
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.....
Lightning developers discussed privacy concerns and the corresponding probable solutions for Bitcoin’s Lightning Network at the Bitcoin 2022 conference.
The emergence of Lightning Hubs might suggest that Bitcoin’s leading Layer 2 protocol is centralized. So let’s compare it to fiat’s structure.
The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its capacity. Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing, decentralizing and speeding up the impenetrable peer-to-peer network. The same holds true for the Bitcoin Lightning Network (LN).The Bitcoin Lightning Network capacity attained an all-time high of 3915.776 BTC as evidenced by data from Bitcoin Visuals, displaying a commitment to the cause of....