Lightning-Network
research
Lightning-Network | research | |
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40 | 24 | |
92 | - | |
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4.0 | - | |
about 1 month ago | - | |
MIT License | - |
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Lightning-Network
- FDIC closes Silicon Valley Bank after bank fails to raise new capital
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The Investors Who Still Think Crypto Can Make Them Rich
The main problem in my mind with the Lightning network is that in order increase transaction speed, it is reducing the decentralization by requiring participants to trust the other network operators that they create channels with. For the lightning network to really scale to a global payment system, we would need large central hubs for the payments to route through and you would end up with a poor imitation of the centralized banking system that bitcoin is attempting to avoid.
This page is a good collection of issues and criticisms of LN: https://github.com/davidshares/Lightning-Network
- Unpopular Opinion: If You Are a Bitcoiner, You Can Say Thank You to SBF, Do Kwon, or Alex Mashinsky. All of these crooks help shed light on why only the Bitcoin revolution matters in the future.
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Sam Harris' responsibility for cryptocurrency
Bitcoin specifically, transactions times and the layering, in essence the lightning network, has been a failure amid many embarrassing risks (some of which allowing for the possibility of a contract being intercepted). https://github.com/davidshares/Lightning-Network amounts to absolutely not being an effective currency system from the get go. An absolute waste of energy. Deflationary by design meaning a disincentive to sell baked into it. The volatile value means a completely undesirable means of exchange.
- Lightning is centralized and not anonymous at all
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Bitcoin hits lowest price in two years as Binance cancels FTX acquisition. Only the very beginning of the end for this PONZI.
Lightning network is an off-chain L2 solution, not bitcoin. Also terribly unreliable and vulnerable: https://github.com/davidshares/Lightning-Network
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Rogue Actor Disrupts Lightning Notwork With a Single Transaction ⚰️ 🫡... use Bitcoin Cash to be safe.
The truth about the Lightning Network: https://github.com/davidshares/Lightning-Network
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BTC on lightning has just flipped Nano. The USD Value of all the money in Bitcoin's lightning network has surpassed the Market Capitalization of Nano.
And I'm listing literally just a few issues. There's a more comprehensive list here.
- Stanotte avverrà l'evento, ovvero il "Merge" di Ethereum: da proof of work, diventerà proof of stake.
- One year on, El Salvador’s Bitcoin experiment has proven a failure
research
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AnyHedge is UTXO DeFi Derivatives Contract Template for Bitcoin Cash and I Scraped On-chain Data for Total Settled Volume
It is non-custodian betting on price of supported assets paired against BCH, both parties put their money into the contract's pot and later the contract parses an oracle message and calculates how much they can take out. Made possible with Introspection opcodes and int64 upgrades to Bitcoin-tech Script VM, which activated in May '22 on Bitcoin Cash blockchain.
- What is the technological case for BCH?
- Is it there a continuation to the book “Mastering Bitcoin” but that explains the changes in BCH?
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BCH May 15, upgrade, what benefits does it bring?
I dug around a bit and it seems to be this one: CHIP-2021-02-Bigger-Script-Integers.
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What are your biggest criticisms towards the Lightning Network?
native introspection
- BCH Unlimited 1.10.0 now out. Let’s get ready for the May upgrade!
- I was hesitant to trust my BCH on the smartBCH chain but after a few days I'm sold! It is ALL the benefits of ETH's smart contracts and ALL the benefits of Bitcoin in one! Just one question...
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Introducing Unforgeable Groups for Bitcoin Cash - Using Groups as Owners
The latest "Group" proposal (v4.2) is more than just "tokenization". It got simpler and more powerful at the same time. It now enables generic BCH output groups that can be used to create persistent Script covenant contracts that can prove their genuineness. This is something that current contracts cannot do, even with the new Introspection opcodes. Group would make it possible because the groupID is a commitment to the whole genesis transaction, but this is not a post about that.
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Coming soon to Pokket.cash: SmartBCH support!
Will you soon shut up about BCH being shit against "superior chains" when I point you to the CHIPs such as Native Introspection Opcodes, Bigger Script Integers which allows better smart contract functionality coming in 2022, and PMv3 and Group Tokens which allow better token and transaction formats that are coming in 2023?
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Introspection opcodes are so cool, here's a teaser
You can't, because it requires a sibling output (same prevout txid as the contract, but index 1 instead of 0) to be spent alongside it and it verifies it using introspection opcodes that will be available in May. Only the owner of the sibling can spend the contract.
What are some alternatives?
WebGoat - WebGoat is a deliberately insecure application
bitcoin-verde - Bitcoin Verde is a Java full-node implementation of the Bitcoin Cash protocol. Fully indexed, Bitcoin Verde is a unique, from the ground-up, implementation. Bitcoin Verde provides a block explorer, development library, and network implementation diversification.
core - GO implementation of the Terra Protocol
bitcoin-cash-node
nano-node - Nano is digital currency. Its ticker is: XNO and its currency symbol is: Ӿ
bch.info - Bitcoin Cash informational website
BCHUnlimited
EIPs - The Ethereum Improvement Proposal repository
pmv3 - (Withdrawn) A version 3 transaction format proposal for Bitcoin Cash. Maintainer recommends CashTokens:
yours-channels - Channels.
group-tokenization