BOLT12, LNURL And Bitcoin Lightning

What is BOLT 12? Well, it is a lot of different features and moving pieces put together to accomplish multiple different things — static QR codes, modular invoices, privacy for the person receiving the payment. But what is the whole package? It’s a way to have a single QR code, an “offer,” allow you to […]

Bitcoin Lightning Gossip Protocol Privacy

This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. The Lightning protocol works by atomically updating payments across multiple payment channels in such a way that everything confirms or fails all together — i.e., it routes payments across multiple hops. An integral part of any […]

Bitcoin Developers Have Technical Expertise

This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Bitcoin is ultimately defined by its users, by the people actually running nodes and enforcing the protocol rules to verify the payments they receive over the network. This is a fundamental and inescapable property of the […]

Sourcing Bitcoin Lightning Liquidity – Bitcoin Magazine

This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Ignoring the problems of the Lightning Network and protocol stack seems to be a very popular thing to do these days. It is currently the most widely adopted and used second layer of the Bitcoin network, […]

DoS Argument Against Bitcoin BOLT 12

This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. BOLT 12 is a proposal from Rusty Russel of Blockstream to optimize how payments are made over Lightning and ultimately become the successor to BOLT 11. Even though there are many different features packaged together in […]

Bitcoin Lightning Network Expanding Function

The Lightning Network can’t exactly fork like Bitcoin itself can, but it is starting to branch out. The bare minimum viable protocol was initially specified in the BOLT documents early on before anything actually went live on the main Bitcoin network, but that was just the starting point. There are still many extensions to build […]