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 … Read more
This is an editorial opinion 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 – ie, it routes payments across multiple hops. An integral part of any … Read more
This is an opinion editorial by Anthony Feliciano, a Bitcoin events organizer and contributor at Bitcoin Magazine. This article is a follow up to a previous article I wrote, talking about different types of Lightning nodes. I will be expanding on the RaspiBlitz Lightning Network node. I won’t be going into the many other options … Read more
This is an editorial opinion 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 … Read more
This is an editorial opinion 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, … Read more
This is an editorial opinion 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 … Read more
Bitcoin’s consensus mechanism, proof of work (PoW), tends to bring about divisive opinions in society. While some argue it is a core aspect of Bitcoin’s success, others claim the network would retain most of its properties while reaping new benefits if it switched to alternative consensus mechanisms such as stake proof (PoS). This discussion was … Read more
The Lightning Network is a well-developed, fast-growing, Layer 2 transaction solution on the Bitcoin network. More and more services and exchanges are integrating it, the liquidity available for routing payments is growing, and more applications and ways for users to interact with it are being developed each year. It also has many problems to overcome … Read more
Wasabi Wallet versus Samourai Wallet has been one of the longest running feuds in this ecosystem. Privacy on Bitcoin is a very vital property, with a lot of work having gone into providing solutions to date, as well as a lot of work left to do in improving it. I personally think the feud and … Read more
Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $ 1 peg and LUNA, the blockchain’s native token, nears zero. Terraform Labs, the tech start-up … Read more
