News about Lightning

More / Bitcoin Reddit - 3 years ago

Can a "Bank Run" happen to the Lightning Network?

Forgive me for my ignorance, I don't understand the Lightning Network in any real detail... But I believe people deposit btc and are connected through nodes. What if everyone withdrew their BTC in a rush? What would happen to the network? Would...

More / Bitcoin Reddit - 3 years ago

A Scaling Breakthrough for the Lightning Network

John Law has just published a fascinating proposal to allow for much improved scaling of the Lightning Network. https://github.com/JohnLaw2/btc-iids/blob/main/iids13.pdf This new protocol (named Inherited IDs) would completely replace the proposed El...

More / Bitcoin Reddit - 3 years ago

Some great lightning wallets you can use

Here are some of the best lightning wallets, each one provides slightly different things, so try them and see which one you prefer. Non-Custodial: This means that you have the private keys and full control of your Bitcoins. You will be able to restor...

More / Bitcoin Reddit - 3 years ago

Lightning Network and block confirmations in HTLCs

In Mastering Bitcoin a sample LN transaction is explained using the example of Alice sending 1BTC to Eric by using channels between three other network participants (Bob, Carol, and Diana). It is mentioned that Hash Time Lock Contracts (HTLC) are us...