Payment Points

Payment Points – Part 3: “Escrow Contracts”

In our previous post, we discussed a Lightning Network feature referred to as “Stuckless Payments” that requires Payment Points. Stuckless Payments allow users to attempt multiple payments concurrently. For an in depth description of Payment Points themselves and the problems …

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Payment Points

Payment Points – Part 2: “Stuckless Payments”

In our previous post, we discussed how using pre-images and payment hashes to make lightning payments atomic results in the possibility of payment correlation and vulnerability to wormhole attacks. We also discussed how replacing pre-images and payment hashes with scalars …

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Payment Points

Payment Points – Part 1

In Lightning v1.0, routed payments are enabled by Hashed Timelock Contracts (HTLCs). These are contracts for conditional payment that say Alice will send Bob the specified bitcoin if Bob reveals the pre-image to a specified hash. Otherwise Alice gets her …

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PAID API

PAID APIs

At Suredbits, we use the Lightning Network to create monetized data services. We currently have Lightning APIs selling NFL and NBA stats as well as cryptocurrency market data. In the future, we think that Lightning will be used to monetize …

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Announcement: Historical Crypto Prices API

We are pleased to announce our new service for historical cryptocurrency prices is available on our beta Lightning API application. The Historical Prices API will support all of our current Spot and Futures exchange trading pairs for the years 2018 …

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Zero Amount Invoices

Zero amount invoices have been around since the inception of invoices on the lightning network and are widely used for tips, among other things. At Suredbits, we use them as part of our refund mechanism. It turns out, however, that …

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Lightning Network

Bezos and Crypto Revisited

Since originally publishing our “Bezos and Crypto” series in the fall of 2018, Bitcoin market cap has increased approximately 70% to $183,289,192,185. The number of Lightning nodes (that we know of) with channels increased 170% for a total of 4,498 …

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Market Data Fees And Lightning

Market Data Fees and Lightning On May 21, the U.S. Securities and Exchange Commission (SEC) issued guidance on what exchanges must demonstrate in order for the Commission to approve a market data fee increase for data products and services. This …

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Bitcoin-S logo

Bitcoin-S 0.1.0 release

On the 31st of May, we released version 0.1.0 of Bitcoin-S. Bitcoin-S is a feature-rich toolkit for making Bitcoin and Lightning Applications, written in Scala. It can be used on all JVM platforms, such as Java, Scala, Kotlin, Groovy and …

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