"Timeout Trees is a very concrete and specific proposal for a channel factory design that actually attempts to address the real issues of use and implementation instead of a half-defined and vague concept. That is massive progress in terms of addressing Lightning's long-term scaling limitations." — Shinobi
Today we dive into a cool proposal that takes advantage of covenants to build the first, practical implementation of a "lightning factory," or in other words, a way to create hundreds, even thousands of lightning channels taht exist entirely off chain and require only the most minimal footprint in the cases where things go wrong. Another great piece by Shinobi breaking down the technical developments that matter.
Check out the original article at: Bitcoin Magazine
If you want to support the show and an awesome new service, check out Prodcast.io to purchase any books (and other products in the future) that i have recommended on the podcast: Bitcoin Audible – Prodcast
Check out our amazing sponsors who make this show possible:
-------------------------------------------------------------------
“To believe in something, and not to live it, is dishonest.” ― Mahatma Gandhi
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"The Internet’s protocol (transmission control protocol/Internet protocol, or TCP/IP) doesn’t offer “services.” It doesn’t make decisions about content. It doesn’t distinguish between photos and...
The principle that one should help men in an emergency cannot be extended to regard all human suffering as an emergency and to turn...
What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and...