Read_773 - A Solution to Scaling Lightning

October 24, 2023 00:49:57
Read_773 - A Solution to Scaling Lightning
Bitcoin Audible
Read_773 - A Solution to Scaling Lightning

Oct 24 2023 | 00:49:57

/

Hosted By

Guy Swann

Show Notes

"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

Other Episodes

Episode

April 12, 2019 00:42:25
Episode Cover

CryptoQuikRead_233 - Exit & Freedom [Nick Szabo]

Building on the principles discussed in our exploration of the consequences of a society without cash, we apply it to a broader principle of...

Listen

Episode

March 01, 2018 00:14:46
Episode Cover

CryptoQuikRead_011 - Lightning Enables Unicast Transactions in Bitcoin

Is Lightning the TCP/IP of Bitcoin? An analogy that breakdowns the scaling implications and understanding of how layers will build the future we envision...

Listen

Episode

August 06, 2021 01:03:23
Episode Cover

Guy's Take #49 - Backed by Truth

"Bitcoin is a network, a money, a language, a system of rules, & a clock. Bitcoin is backed by Truth" - Guy Swann Links...

Listen