Realistic ivory tower with thunderstom

Latest Strikes 2 - Sept 18th 2022

Howdy! Welcome to this second edition of Lightning Strikes, your weekly recap of new shiny things in the world of Lightning. LFG! Ecosystem LN Markets Release LN Markets published a new release, which includes the lifting of trading limits from 2 million sats to 10 million (eg 0.1 BTC), Lightning Node Connect support (where you can interact with your LND node directly from the browser), new multilanguage support (starting with Spanish and French), as well as free internal transfers between LN Markets users and the (here comes the controversy) adoption of the Sat Symbol (aka kebab-symbol)....

September 18, 2022 · 754655 · 6 min · Fanis Michalakis
A space pirate surfing on an antigravity board in the middle of a storm with lightning bolts

Latest Strikes - Sept 11th 2022

Hello there, and welcome to this first edition of Latest Strikes, a brief weekly recap of what’s new in the Lightning world. Buckle up! Wallets & Tools Alby Alby announced their new release (v1.15.O). If you’re interested in the details of the release, you can read their Twitter thread or the release notes. In a few worlds: Alby now works in the Tor Browser, and will be even better than before at catching Lightning links such as LNURL or invoices....

September 11, 2022 · 753681 · 5 min · Fanis Michalakis
storm

Onion Routing

This article is the first (out of two) concerning Onion Routing. It is also the first of the Routing Series, where I'll try to cover in depth how routing works in the Lightning Network, and how it could work differently (ever heard this story about an ant jumping on a trampoline?). This article is an introduction to Onion Routing, and offers a "high level" view of how it works. The second article will go deeper into the inner workings of Onion Routing in the Lightning Network....

February 9, 2022 · 14 min · Fanis Michalakis
storm

What Are PTLCs

If the Lightning Network is so useful today, it is in great part thanks to the fact that payments can be routed inside the network: if Alice wants to pay Bob, it isn’t necessary that she has a direct channel with him. Instead, she can have a channel with Carol and, if Carol has a channel with Bob, use Carol’s channel to reach Bob. With this mechanism arises a new question: how can such payments, that rely on the benevolence of third parties such as Carol, be achieved in a trustless way?...

January 15, 2022 · 17 min · Fanis Michalakis
ropes

What Are Anchor Outputs

The last two “long” articles of this blog were dedicated to special kinds of Lightning channels that seek, each in their own way, to enhance the user experience on the Lightning Network. This week, we will dive into anchor outputs, which aim to ensure channel closings are settled quicly, even in the case of a force close. This article will go into details as to how Lightning works in this regard, what are the issues and how anchor outputs can solve them....

January 3, 2022 · 12 min · Fanis Michalakis