{"id":262191,"date":"2018-05-29T08:34:39","date_gmt":"2018-05-29T06:34:39","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=262191"},"modified":"2018-05-29T08:38:02","modified_gmt":"2018-05-29T06:38:02","slug":"lightning-network-developers-working-on-improved-off-chain-transactions","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/262191-lightning-network-developers-working-on-improved-off-chain-transactions.html","title":{"rendered":"Lightning Network developers working on improved off-chain transactions"},"content":{"rendered":"<p>A team of developers behind Bitcoin&#8217;s second-layer Lightning Network platform has published a proposal for a simplified off-chain transaction mechanism &#8211; named <a href=\"https:\/\/blockstream.com\/2018\/04\/30\/eltoo-next-lightning.html\" target=\"_blank\" rel=\"noopener\"><strong>Eltoo<\/strong><\/a>.<\/p>\n<p>The solution would solve a number of problems which exist in the current implementation of the Lightning Network, such as the amount of data required to run a node and the removal of &#8220;toxic information&#8221;.<\/p>\n<p>Currently, users who accidentally broadcast older data on the Lightning Network could lose their money to other participants in the network.<\/p>\n<p>Eltoo solves this by only storing the most recent set of off-chain transaction data.<\/p>\n<p>&#8220;Eltoo doesn\u2019t aim to replace the entirety of the Lightning stack,&#8221; wrote Blockstream&#8217;s Christian Decker.<\/p>\n<p>&#8220;Rather it is a drop-in replacement for the original update mechanism that maintains backward compatibility with the other parts of the stack.&#8221;<\/p>\n<p>Decker said that before Eltoo can be implemented, a minor change must be made to Bitcoin&#8217;s architecture: the introduction of the &#8220;SIGHASH_NOINPUT&#8221; flag for signatures.<\/p>\n<h3 class=\"my-4\">Now read:\u00a0<a href=\"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/261179-criminals-arent-really-into-cryptocurrency.html\" rel=\"bookmark\">Criminals aren\u2019t really into cryptocurrency<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>A team of developers has published a proposal for a simplified off-chain transaction mechanism.<\/p>\n","protected":false},"author":23,"featured_media":219068,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[187,51163,48253,51167,51165],"class_list":["post-262191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-eltoo","tag-lightning-network","tag-off-chain-transactions","tag-second-layer-solutions"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/262191"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=262191"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/262191\/revisions"}],"predecessor-version":[{"id":262197,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/262191\/revisions\/262197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/219068"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=262191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=262191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=262191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}