Lightning-Network
Lightning-Network | LightningRod | |
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40 | 3 | |
92 | 26 | |
- | - | |
4.0 | 3.6 | |
about 1 month ago | about 2 years 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
LightningRod
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The Lightning Network: Turning Bitcoin into Money
There is actually a solution for that, called Lightning Rod.[0] It should allow asynchronous payment flows when running LN nodes on a mobile device, which are offline most of the time. I'm not sure if it has been implemented yet (probably not).
[0] https://github.com/breez/LightningRod
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Anyone tried the LN? What's your experience with it so far?
Misleading, since sender also needs to be online to broadcast an on-chain payment. Also, there are a number of implementations or proposal that alleviate the requirement for the recipient to be online. e.g. online sender, offline PoS). With regards to both being online at the same time, this is alleviated by trustless service providers like submarine swaps or async LN protocols. Also note that the on-chain alternatives advertised here often include a trusted, closed-source on-chain wallets which connect to hardcoded nodes, as long as they are offline, you can't move your funds using the wallet.
- Lightning Network Flaws
What are some alternatives?
WebGoat - WebGoat is a deliberately insecure application
LNURLPoS - Offline lightning PoS
core - GO implementation of the Terra Protocol
nano-node - Nano is digital currency. Its ticker is: XNO and its currency symbol is: Ӿ
research
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.
EIPs - The Ethereum Improvement Proposal repository
yours-channels - Channels.
PomPom-Language - The cuteness implementation of a dependently typed language.
Breez Mobile Client - Lightning Network mobile client
lnd - Lightning Network Daemon ⚡️
lnbook - Mastering the Lightning Network (LN)