Transferring In-Channel Lightning DLCs
Transferability of Discreet Log Contracts (DLCs) is of major interest due to the capital inefficiency inherent to contracts which do not rely on custody or counter-party trust. In other words, DLCs require all parties to lock up the maximum collateral …
Generalized Bitcoin Channels
In this post we will delve into the new ideas brought forward in the paper “Generalized Bitcoin-Compatible Channels” for improving the future Lightning Network. Section: Paper Takeaways Let us start by summarizing the higher-level contents of the “Generalized Bitcoin-Compatible Channels” …
Transferring Lightning DLCs
In the past couple weeks we’ve discussed how to execute Discreet Log Contracts (DLCs) on Lightning and how to transfer Lightning payments using Payment Points and barrier escrows. Today we are going to join these two concepts and discuss how …
Lightning 201: Failover Node Demonstration
In our previous Lightning 201 posts we have explored a variety of considerations and challenges that need to be addressed to be able to properly failover over a Lightning node. Safely Access Remote Lightning Databases Failover Strategies For Lightning Nodes …
Advancing Bitcoin 2020 Review
Recently team members Chris Stewart and Nadav Kohen traveled to Advancing Bitcoin. This conference is designed to showcase technical innovations in the bitcoin/lightning space. We are going to highlight a few things we and other attendees talked about. Enterprise Lightning …
Lightning 201: Failover Strategies For Lightning Nodes
High-Frequency Trading Safely Access Remote Lightning Databases Lightning Latency Lightning Network adoption continues to proliferate in 2019. Last week Bitfinex was the first major exchange to adopt Lightning as a way to transfer BTC. Now you can deposit and withdraw …
Lightning Conference 2019
This past weekend (Oct 19 and 20) the Suredbits team attended the first ever Lightning Conference in Berlin. The full lineup included speakers from startups, venture funds, independent developers, Bitcoin maximalist and everything in between. Complimenting the main conference were …
Payment Points – Part 4: Selling Signatures
In our recent posts, we discussed all the benefits and features enabled by Payment Points on the Lightning Network. We explored how they can protect us from wormhole attacks and payment correlation, how they enable “stuckless” payments, and how they …
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 …
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 …