A proposal on lightning-dev called “rendez-vous” routing, a new routing schema that could increase the privacy of the payee without affecting the payment model, we explore what it is and why it is needed.
Last week Rusty Russell started a discussion on LN protocol V1.1,
focusing on the new payment models it would bring with it, along with
experimental support of new technologies, we discover those technologies with
the applications they might bring to Lightning.
Pending payments are a common UX problem for LN that users often complain about. While the cause of this problem is not easily unraveled, there have been several issues involving stuck intermediate nodes awaiting revocation and recipients who can’t give timely preimage replies.
Fabrice Drouin proposed a change to address the issue using a faster
“proceed/try another route” answer using a probe with a short timeout requirement.
The system sends the blank probe request prior to sending the actual payment,
via the same route.
Karl J Kreder introduces BlockReduce for enhanced blockchain scaling without compromising the cardinal characteristics of the technology.
Dmitry Petukhov published a detailed article on cover address swap. We
present a summary and explore covert swaps, how they can affect Bitcoin users
and a few simple solutions wallets (or even you!) can implement to protect
themselves.
Electrum Wallet Founder Thomas Voegtin discussed in
an interview during the
Bitcoin Wednesday Amsterdam, the current state of
Lightning Network integration in its wallet which
used to account for 10% of all Bitcoin transactions at some point.
Last week, a formal proposal was suggested on the Lightning mailing server by developer Rusty Russell on how we can implement Splicing in lightning channels (“top-up” and “drain” bitcoin from a channel). In this post we explain the concept and briefly review the proposal.
Statechains author @SomsenRuben gives several different depths of explanations for how statechains work including a short FAQ. Statechain aim to allow users to move bitcoin UTXOs entirely off-chain. Enables instant off-chain creation of Lightning channels, with the ability to easily add or remove funds, and more.
Content originally published by BitcoinOptech on newsletter #16.
Introduction
The fifth Scaling Bitcoin conference was held Saturday and Sunday in Tokyo, Japan. In the sections below, we provide brief overviews to some of the talks we think might be most interesting to this newsletter’s readers, but we also recommend watching the complete set of videos provided by the workshop organizers or reading the transcripts provided by Bryan Bishop.
During the Scaling Bitcoin event, Mark Friedenbach presented Forward Blocks, a proposal to increase on-chain settlement capacity without hard-fork. Here’s a brief explanation of the proposal …