• Latest
Latest Lightning Code Release Trolls With a ‚Block Size‘ Increase

Latest Lightning Code Release Trolls With a ‚Block Size‘ Increase

Februar 8, 2019
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Latest Lightning Code Release Trolls With a ‚Block Size‘ Increase

coinnewsdaily by coinnewsdaily
Februar 8, 2019
in Tech
0
Latest Lightning Code Release Trolls With a ‚Block Size‘ Increase
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The latest code version for the lightning network – often trumpeted as the future of bitcoin payments – includes a “block size increase.”

One of the most active lightning implementations, LND, pushed out its newest “minor” release, version 0.5.2, of its beta code on Wednesday. Though it includes several changes from many contributors, mostly with the goal of making the still-experimental payment system easier for end-users, the feature that’s sure to stick out to bitcoin veterans a “block size increase,” bringing to mind the parameter that the bitcoin community went to war over a couple years back.

Related articles

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Mai 25, 2022
Central African Republic to launch official crypto hub ‘Sango’

Central African Republic to launch official crypto hub ‘Sango’

Mai 24, 2022

But don’t worry: all hell isn’t about to break loose, as the feature is not really related.

“It’s for the command line tool to be able to get a snapshot of the network. Thought I’d troll with the title lol,“ Lightning Labs developer Olaoluwa Osuntokun told CoinDesk.

Each node on the network stores a “graph” of its view of other lightning nodes on the network. That’s so that when a user sends a payment to someone else, the node can determine the best route to go through to reach its destination.

However, the graph has been ballooning as more people test out the lightning network, so developers have been brushing up against the limits. Thus, the team increased the “block size” of the graph, from 4MB to 50MB, so that developers can grab a larger snapshot.

“With this commit, we give ourselves some breathing room,” the release notes explain.

Others following developments aren’t missing the block size connection either, responding by parroting talking points often made in the debate. On the GitHub pull request for the block size change, one GitHub user wrote:

“While we’re increasing the block size, we should also re-enable some deprecated features and then call it gRPC Cash!” he said, ridiculing the cryptocurrency bitcoin cash, which split off of bitcoin in the fire of debate in the summer of 2017, charting out its own technical vision.

Even with releases such as this, the lightning network is still experimental and considered risky to use as users might lose money if the software doesn’t work as planned.

As such, the release also lays the groundwork for much-anticipated lightning changes for making it easier to use, such as Atomic Multi-Path Payments (AMP), a way to combine funds from many lightning channels into one payment, and “neutrino” light wallet support, which would allow users to use the payment system with less data.

0.5.2 is a “miner” release, meaning it mostly includes bug fixes and other small optimizations, which differs from a “major” release, where new features are released.

Electricity image via Shutterstock

Credit: Source link

Tags: Crypto Tech
Share76Tweet47
Previous Post

Ripple Confirms 11 More Universities to its Blockchain Initiative Program

Next Post

Credit Suisse Arm Sees Blockchain Benefits After Fund Distribution Trial

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
Tech

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

Mai 25, 2022
Central African Republic to launch official crypto hub ‘Sango’
Tech

Central African Republic to launch official crypto hub ‘Sango’

Mai 24, 2022
South Korean police request exchanges freeze LFG related funds
Tech

South Korean police request exchanges freeze LFG related funds

Mai 24, 2022
Bitcoin stands apart from other crypto, and what that means for US public policy
Tech

Bitcoin stands apart from other crypto, and what that means for US public policy

Mai 22, 2022
Needed: A massive education project to fight hacks and scams
Tech

Needed: A massive education project to fight hacks and scams

Mai 21, 2022
Commonwealth Bank puts crypto trading trial on ice as regulators dither
Tech

Commonwealth Bank puts crypto trading trial on ice as regulators dither

Mai 20, 2022
Load More
Next Post
Credit Suisse Arm Sees Blockchain Benefits After Fund Distribution Trial

Credit Suisse Arm Sees Blockchain Benefits After Fund Distribution Trial

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev