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

Latest lightning code release trolls with a ‘block size’ increase

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

Latest lightning code release trolls with a ‘block size’ increase

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.

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

Published at Fri, 08 Feb 2019 08:18:40 +0000

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Price of Bitcoin’s ‘Lite’ Brother is Soaring as SegWit Seems Imminent

Two cases for Segregated Witness (SegWit) activation via different channels are moving closer to reality this week for bitcoin. Meanwhile, Litecoin is getting closer to its own SW activation as its price is climbing to new highs.


Litecoin Hits 3-Year High

Despite not suffering the same teething problems as bitcoin, SegWit appears to have definitely caught on at Litecoin, with support moving over 58%. At 75%, SegWit will trigger, as it already has done for fellow altcoin asset Syscoin.

sw

Litecoin creator Charlie Lee has been a vocal proponent of SegWit, but not as a solution to block scaling, especially since Litecoin does not have any capacity issues.

“The main fix is transaction malleability, which would allow Lightning Networks (LN) to be built on top of Litecoin,” he wrote back in January.

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It appears traders have welcomed the news with Lee proclaiming the market gains as sign of support for SegWit activation. Litecoin price broke $9 USD on Monday, a value it hasn’t seen in three years.

SegWit2MB Could See Reality in December 

Meanwhile, in bitcoin-land, implementation via 2-megabyte blocks, known as SegWit2MB, received support from ShapeShift CEO Erik Voorhees and subsequently from Andreas Antonopoulos.

At the same time, ex-BTCC COO Samson Mow has announced the winner of his coding competition to produce a “safe” method of introducing SegWit via a user-activated soft fork (UASF).

Erik-Voorhees-Bitcoinist

In a post on Money And State published Sunday, Voorhees announced that SegWit2MB had been formally proposed to bitcoin Core mailing list recipients.

Its proponents, bitcoin security consultant Sergio Lerner and RootStock, foresee a successfully accepted proposal coming into force December 14, 2017 – if it gains community support.

Balancing ‘Social’ and ‘Technical’

Lerner was first to say that it was neither a technically perfect solution, nor a one-size-fits-all patch. Rather he referred to SegWit2MB as a “least common denominator.”

He explained:

Segwit2Mb is the project to merge into bitcoin a minimal patch that aims to untangle the current conflict between different political positions regarding segwit activation vs. an increase of the on-chain blockchain space through a standard block size increase.

Lerner added that the concept was hardly a new idea, and Voorhees commented that the “cost of conflict” meant that a “social” as well as a technical solution was badly needed.

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bitcoin is a technical project, absolutely. Yet it is a social project as well […] This current impasse is similarly both technical and social, and it continues at great cost,” he wrote.

Weighing up the proposal, Voorhees similarly touched on its use as a bridge between technical and social requirements of the community.

“SegWit2MB is the first reasonable compromise, considering the impasse’s technical and social aspects, actually put forth in code, based on well-known and studied fundamental components from bitcoin’s best engineers,” he concluded.

Andreas Antonopoulos agreed with Voorhees’ perspective on Twitter, describing SegWit2MB as a “political, not technical solution.”

“Segwit2MB is far from ideal but better than more scaling war,” he added.

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Pipped To The Post By UASF?

Meanwhile, Mow announced on Twitter he was awarding 5.95 BTC to a coder named shaolinfry for his creation of Mow’s required “safe” method of activating SegWit via UASF.

Shaolinfry confirmed receipt of the money on Twitter, which was followed by another user sending 1 BTC as thanks for developing the potential activation solution.

As it stands now, SegWit activation is still well below the 95% threshold it needs to activate, which is why the UASF is becoming an increasingly popular idea in an effort to bypass the deadlock with miners.

Across the divide, Chain engineer Oleg Andreev added to opinion that bitcoin’s capacity problems were something of a myth and that no block size increase was needed.

bitcoin works just fine,” he said Monday.

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Would you prefer SegWit2MB or UASF? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter, segwit.co, Shapeshift.io 

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