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Lightning Labs Blog - The Official Blog of Lightning Labs

We couldn't be more excited to announce a major release today. Our Lightning App is now available on Bitcoin mainnet in alpha for iOS (on Testflight) and Android (on Google Play), making it the first mainnet app on all major mobile and desktop…

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Bitcoin bites the bullet

One of the commonest critiques of Bitcoin, often emanating from central bankers or economists, is that it is not a currency because it lacks price stability. Typically, the mandate of central bankers is to optimize for relatively stable purchasing…

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The Phonon Network

The Hardware Enforced Off-Chain Payment System The Phonon Network is a scalable, off-chain protocol for transacting with digital assets. Unlike payment-channel-based layer 2 solutions (e.g. Lightning, Raiden), the Phonon network uses packetized…

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Testing Out Watchtowers with a Simulated Breach

On the Lightning network, there's potential for a malicious (or mistaken) channel counter-party to close your channel with old state. To combat this, you need to stay vigilant (read: online) at all times, watching to punish someone who tries at a…

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Bitcoin Optech Newsletter #51

This week's newsletter requests testing on RCs for both LND and C-Lightning, describes using ECDH for uncoordinated LN payments, summarizes a proposal to add information about delays to LN routing replies, and includes summaries of some interesting…

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Your own Burner Wallet in 3 minutes: Introducing the Burner Factory (prototype)

Over the past few months, there has been incredible support for Austin Griffith's project. While the Burner Wallet may eventually become a popular tool for peer-to-peer payments, today it is best used for pop-up economies at events, as well as…

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Analysis of LEO burns shows Bitfinex made nearly $300 million in 2018

In total, $600,000 in LEO (~315,400 LEO) has been burnt in 40 on-chain burning events So far, there were four full days worth of burns, in which Bitfinex generated $1.88 million in revenue from trading fees On average, 0.17% of traded volume is…

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Please wait, loading data… Please wait, loading data… Daily on-chain transaction volume is calculated as the sum of all transaction outputs belonging to the blocks mined on the given day. Known “change” outputs are not…

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Opinion | Facebook's Undemocratic Currency

On Tuesday, Facebook, in partnership with a surfeit of other large and powerful corporations, including Uber, Spotify, PayPal and VISA, announced that it would lead the effort to create a new global currency called Libra. “We…

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He Says He Invented Bitcoin and Is Suing Those Who Doubt Him

At a convention on digital currency, rarely does an audience Q&A session include a question as incendiary as, “Why is this fraud allowed to speak at this conference?” But that's how a discussion about Bitcoin ended up last year in…

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SEC considering opening up hedge funds & private equities to retail investors

The U.S. Securities and Exchange Commission (SEC) is considering softening restrictions around where 'mom-and-pop' (or inexperienced) investors can put their funds, Bloomberg writes. Under current regulations, retail investors cannot put money into…

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France Calls for Central Bank Review of Facebook Cryptocurrency

Facebook Inc.'s ambitious plan to roll out its own cryptocurrency ran into immediate political opposition in Europe, with calls for tighter regulation of the social-media giant. French Finance Minister Bruno Le Maire said the digital currency known…

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Would you trust Facebook with your money? What Libra cryptocurrency means for users

Would you trust Facebook with your money? On Tuesday, Facebook confirmed it would launch a digital global currency similar to Bitcoin, called Libra, aimed at users around the world who don't have bank accounts. But there's another reason Facebook…

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Nimbus Development Update, June 18th

Here's what's new in Nimbus land! The inner workings of our attestation pool will be explained in detail in an upcoming post. The TL;DR is that we now have support for overlapping attestations. The aim is to combine attestations into big sets of…

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U.S. lawmakers are calling for Facebook to halt Libra development

After U.S. Rep. Patrick McHenry, senior Republican on the House Financial Services Committee, asked for a hearing on Project Libra in a letter to committee Chairwoman, U.S. Rep. Maxine Waters, Waters has called for a halt in Facebook's development…

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