New Bitcoin Lightning Features on the way after Proposal’s Merger

Home » New Bitcoin Lightning Features on the way after Proposal’s Merger

Official lightning “specifications” to be unveiled when the new routing proposal merges. Following these developments, many crypto enthusiastic hope that the long-standing payment problems of bitcoin will be fixed.

Christian Decker stated that the proposal he wrote would pave the way for numerous highly-expected lightning features after CoinDesk’s Consensus 2019 conference. Decker doubles up as a prolific engineer for tech startup Blockstream and one of the outstanding lightning developers.

Since bugs in the protocol are still causing monetary loss to some people, the stated new features are necessary to enable the payment means to be safe and easy to use. Lighting is considered by many individuals as reckless to use due to the fact that it is at the experimental stage.

Decker stated the following at the Consensus:

“This enables quite some cool new features, including multi-path routing, trampoline routing, and so forth. It’s on the agenda for today’s [IRC specification] meeting and I’m confident it’ll get merged today, so we can get started on the next wave of features.”

Importantly, Decker has put the proposal into practice by writing up a code implementation. To remain interoperable, the specifications will be coded up in all lighting applications — implying that one individual can send payment to the other person using one implementation.

The reason for merging into the specifications is because some developers across this ecosystem see the change as handy.

What is interesting is that a similar technology as the one in Tor, the popular privacy-minded browser is the one in the “multi-frame” proposal, which allows more information to be added in the routing onion.

Since it uses a technique that mirrors an “onion,” intermediaries will not see any the payment information that is sent across the network. Usually, a layer of data obfuscation is usually peeled away at each of the network’s hop. For instance, the hop-to-hop routing information system entails four hops; which means for the recipient to receive payment, the four layers in each hop will have to be peeled away one by one.

With the proposal, the routing onion format is changed so that it can accommodate more information other than the ones from the routing tools.


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