Blockstream

Letting a Million Channels Bloom

The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won’t be able to run it on a Raspberry Pi. Don’t tell Rusty Russell or Joe Netti that, because they’ll just build their own network and do it. Another major milestone in Lightning development, the release of the Million Channels Project!

Today we are reading & discussing, from the Blockstream blog, “Letting a Million Channels Bloom.”

Check out the official post for the network data, charts and optimization benchmarks. Follow the blog and developers involved to stay up on the incredible work they are doing to bring Lightning to the world.

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MuSig: A New Multisignature Standard

Cypherpunks write code! Last year we received a published paper detailing the advantages of the new MuSig Multisignature Scheme, this year we get the code.

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Announcing C-Lightning 0.6

“All three of the Lightning implementations (Eclair, lnd, & c-lightning) are now in beta!” – Christian Decker & Rusty Russell

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Eltoo – A Simplified Update Mechanism for Lightning

Lightning is a fascinating protocol with enormous potential, but also many challenges. A new mechanism for updating channel states may work to solve some of Lightning’s biggest challenges. Learn more from the announcement by Christian Decker on Blockstream.com

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Lapp 7 – The Lightning Jukebox

The final lightning app has arrived to finish out the Week of Lapps! Listen to the announcement from @Blockstream.

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LApp 6 – Ifpaytt Brings Lightning Payments to IFTTT

LApp #6 called IfpayTTT allows non-programmers to create Lightning-powered services using the IFTTT methodology. Listen to the announcement from @Blockstream to learn more.

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LApp 5 – Nanopos for Simple Point-of-Sale

LApp #5 is Nanopos, a simple to use point-of-sale system for in-person merchants. Listen for further details from @Blockstream

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LApp 4 – PayPerCall

LApp #4 brings us Paypercall, a powerful tool to enable micropayments for API calls and micro services across the web. Setting the stage, for a new era in the internet.

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LApp 3 – NanoTip

LApp #3 from Blockstream and @shesek is Nanotip, bringing micropayments back to bitcoin one strike at a time. Listen to learn more.

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Lapp 2 – Lightning Publisher

7 LApps for Lightning Charge on the way! LApp #2 is Lightning Publisher, a Wordpress plug-in that allows publishers to monetize their own content, no third parties needed.

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