I suggest to add another feature to the lightning network which I call a virtual payment channel (or in short VPC) to be described in this article. Such a virtual payment channel will NOT be backed by the blockchain and thus cannot operate in a trustless manner. However I see several use cases for virtual payment channels. …
Tag: lightning network
Thoughts about eltoo: Another protocol for payment channel management in the lightning network
In this article I will give an overview about the proposed lightning network extension eltoo. There has been quite some buzz about the eltoo paper proposed by Christian Decker, Rusty Russell and Olaoluwa Osuntokun in May 2018. Bitcoin magazines and blogs have been making promising statements, that lightning will become even faster than it currently is. According to …
Improve the autopilot of bitcoin’s lightning network (Summary of the bar camp Session at the 2nd lightninghackday in Berlin)
I have been visiting Berlin to attend the second lightninghackday and want to give a brief wrap up about the event. This article will basically cover two topics. 1st as promised within my bar camp session on “Building an automated topology for autopilot features of the lightning network nodes” I will give an extensive protocol …