ndungudedan.hashnode.devA Guide to Channel Funding and Splicing in the Lightning NetworkWhen opening a channel, both nodes can contribute any amount to fund its liquidity. However, once this channel is confirmed, increasing or reducing the funds locked in is impossible. Thus, any required changes require closing the channel and opening ...Apr 23, 2024·5 min read
ndungudedan.hashnode.devAdvanced Techniques for LN Privacy: A Guide to Trampoline Payments and Blinded PathsThe Lightning Network (LN) offers a revolutionary path towards faster and cheaper Bitcoin transactions. However, its reliance on intermediary nodes raises concerns about user privacy. Unlike the (pseudo)anonymous nature of on-chain Bitcoin transactio...Apr 16, 2024·4 min read
ndungudedan.hashnode.devBOLT 1: The Bedrock of Communication in the Lightning NetworkThe Lightning Network(LN) is a revolutionary solution for faster and cheaper Bitcoin transactions. The Basis of Lightning Technology (BOLT) documents define the network protocol specifications, which describe a layer-2 protocol for off-chain bitcoin ...Mar 10, 2024·7 min read
ndungudedan.hashnode.devBitcoin: The Mining Process DemystifiedBitcoin's mining mechanism is fundamental to its operation, ensuring agreement among participants on the state of the blockchain. It enables a decentralized network of nodes to reach a consensus on the validity of transactions and the order in which ...Feb 22, 2024·7 min read
ndungudedan.hashnode.devThe Shortcomings of Bitcoin and the Evolutionary Leap: The Lightning NetworkBitcoin, the pioneer of decentralized digital currencies, has undoubtedly transformed the financial landscape. However, it is not without its limitations. The Lightning Network emerges as a powerful upgrade to address several shortcomings of the Bitc...Jan 31, 2024·6 min read
