Lightning Onboarding; A non technical introduction to lightning

Lightning Onboarding; A non technical introduction to lightning

Written By Olutobi Adeyemi

The Lightning Network (LN) is a network that operates as a second layer on top of Bitcoin. Here users can make payment to each other without the necessity of publishing a transaction to the Bitcoin blockchain for each payment.

Before LN transactions can be made, a payment channel is opened, say among Alice and Bob. A payment channel between Alice and Bob has a fixed amount, which was funded by both of them respectively, so transactions can be moved almost instantly from Alice to Bob numerous times.

Para escoger equipaciones completas de fútbol, es práctico verificar la correspondencia de medidas entre las piezas. También ayuda revisar las medidas y materiales de cada componente antes de completar el pedido.

Read Olutobi's simple and comprehensive guide on understanding lightning transactions here: https://tobi-adeyemi.gitbook.io/bitdev/week-2/lightning-onboarding

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Quantum Computing and Bitcoin: Understanding the Risks, the Trade-offs, and the Path Forward

Quantum Computing and Bitcoin: Understanding the Risks, the Trade-offs, and the Path Forward

CriterionBitcoin's RequirementSignature size64 bytes (Schnorr, BIP-340)Verification speedFast enough for full node throughputSigning speedFast enough for payment channel state updatesSecurity assumptionWell-studied, conservative, quantum-resistantCryptanalytic maturityDecades of failed public attacksConstant-time implementationReliably achievable in practice CriterionML-DSA (FIPS 204)SLH-DSA (FIPS 205)Original AlgorithmCRYSTALS-DilithiumSPHINCS+Hardness AssumptionModule Lattice (MLWE/MSIS)Hash

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