Today’s post was inspired by this very good question from @antward on Twitter: Millisats? I thought sats was the smallest unit? — Larix Lynx ⚡️ (@DigitaltGuld) December 15, 2021 As you can see, I tried to give him a synthetic answer, but then I thought to myself: why not devote today’s short piece to this question? So here we are. 1 millisat = 0.001 sat That’s the shortest answer one could give....
Last week’s article dealt with Turbo Channels. Today, I’ll cover Hosted Channels, another kind of channels that seek to enhance the Lightning channels UX while staying in line with the specification and mitigating the required tradeoffs. Not on-chain enforceable channels The big difference between a hosted channel and a regular Lightning channel is that the former is not enforceable on-chain, simply because there is no channel opening transaction to spend from....
Chainalysis announced today that they are going to lauch support for Lightning Network transaction monitoring. This new feature would be integrated into KYT (Know Your Transaction), one of the main products of Chainalysis that supposedly helps businesses and services stay in line with regulation by providing them with transaction monitoring and traceability tools. In its blog post, the company didn’t detail how they plan on monitoring transactions on the Lightning Network....
Bitwage announced today that it conducted the first ever salary payment over the Lightning Network. We're thrilled to announce that we have successfully conducted the world's first salary payment through Lightning! Our recipients were @bernard_parah and @alexcrognale. Special thanks to everyone who helped make this happen: @walletofsatoshi, @voltage_cloud, and @acinq_co. pic.twitter.com/lIra282ISf — Bitwage (@Bitwage) December 6, 2021 I personnaly found the news quite interesting, because the idea of getting paid, not only in Bitcoin, but also on the Lightning Network, opens for some intriguing considerations....
Turbo channels have been around since at least 2 years now, but they remain quite largely misunderstood among the community. Information about them are available but a bit scattered. The purpose of this post is to bring them together and provide a comprehensive view on this subject. 0-conf channels Turbo channels are basically 0-confirmation channels, which means the channel can be used before the channel opening transaction get mined in a Bitcoin block....