A key developer of Bitcoin’s Lightning Community stepped down from his function upon discovering a vital safety vulnerability of the scaling resolution.
On October 20, Antoine Riard, a key Lightning Community developer, introduced his choice to depart from the challenge as a result of he found a vital vulnerability.
Lightning Community Vulnerability
In response to Riard, the community was weak to substitute biking assaults, which may enable malicious actors to siphon funds from customers by exploiting inconsistencies inside particular person mempools.
Riard famous that whereas primary mitigations may thwart easy assaults, it might not be capable to deter superior attackers.
Consequently, he emphasised implementing complete adjustments on the community’s foundational stage to boost transparency and safety.
“These kinds of adjustments are those necessitating the utmost transparency and buy-in of the neighborhood as a complete, as we’re altering the full-nodes processing necessities or the safety structure of the decentralized bitcoin ecosystem in its integrality.”
Riard additionally indicated his intention to return by October 30 to handle one other subject on the general public mailing record. Moreover, he disclosed that his focus would shift in the direction of core Bitcoin growth throughout this time.
Adoption Soars
The Lightning Community is constructed on Bitcoin as a ‘layer 2’ fee protocol. It facilitates sooner and more cost effective transactions between nodes to handle Bitcoin’s scalability challenges.
Information from DeFiLlama exhibits that the overall variety of BTC locked on this resolution had grown over the previous 12 months to a excessive of greater than 5,600 BTC in June. The TVL has fallen to 5316 BTC as of press time.
A report from River reveals that the Lightning Community routed round 6.6 million transactions in August 2023, marking a 1,212% enhance from the estimated 503k transactions in August 2021.
Main cryptocurrency exchanges like Binance have adopted this resolution.
Professional-XRP Lawyer Questions Bitcoin Lightning Community
In the meantime, a distinguished pro-XRP lawyer, John Deaton, criticized the Bitcoin Lightning Community whereas evaluating it unfavorably to a different protocol on the XRP Ledger.
Deaton argued that XRP’s SpendTheBits protocol is a superior different to the Lightning Community. His perspective, nonetheless, could be influenced by his function as an angel investor and Chief Authorized Officer in SpendTheBits.
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