LN limitations, Timeout Trees, Greenlight and River report

#16・October 19, 2023

Remote control of Core Lightning nodes has been the theme of the live coding sessions we do on Core Lightning community during the last couple of months.

The last one on that topic will be next week on Thursday 26, October, 2023. In that live, we'll try:

  • to discuss the tradeoffs of the existing methods to remotly control CLN nodes and

  • to present applications/libraries built on top of Core Lightning and the methods they use to remotly control CLN nodes.

Soon you'll be able to find more information on:

https://community.corelightning.org/c/events/

The Lightning Network in its current form is not perfect! Put another way, it can be improved in several ways to make user and developer experience better.

In the panel Limitations Of Lightning with Christian Decker and Rene Pickhardt and Niftynei as a moderator, the following limitations/challenges of the Lightning Network are discussed:

  • Improving Lightning Network Payment Success Rates

  • Parallel attempts and cancelable payments

  • Liquidity Allocation and Block Space Consumption

  • Building Infrastructure for Liquidity Allocation

  • Liquidity solutions in the Lightning Network

  • Complexity of Running a Lightning Node

  • The Challenges of Lightning Scalability

  • Liquidity on the Lightning Network

Regarding the scalability of LN, in the article Timeout trees: a solution to scaling lightning network LSPs, Shinobi presents John Law's concrete design for a channel factory.

Last week Blockstream announced that Greenlight is officially available for commercial use. As stated in the article, "Greenlight is our scalable, non-custodial Lightning-as-a-Service, or LaaS, solution that offloads the complexities of operating a Lightning node to Blockstream experts while keeping keys in the user's control for greater security".

If you want to give it a try here are the informations.

And if you have a some time on your hands and want to learn about the state of the Lightning Network seen from the perspective of River (company Bitcoin and Lightning Network service) you can read their research report of October 2023 The Lightning Network Grew by 1212% in 2 Years.

Have a nice day, See you next time, Tony Aldon https://lnroom.live

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