- Bitcoin and the lightning network protocols are working together to improve privacy, accessibility, Decentralization, and resilience.
- The Bitcoin and lightning network seem to be having issues with the recent complaints regarding not able to send a large number of bitcoin transactions.
Bitcoin and the lightning network protocols are working together to improve privacy, accessibility, Decentralization, and resilience. This is much-needed development to sturdy the bitcoin growth.
The Bitcoin and lightning network seem to be having issues with the recent complaints regarding not able to send a large number of bitcoin transactions that are failing under the lightening network protocols.
Lightning network protocols are referred to as the Transactions for the future which is centered around providing the benefits of instant payments, scalability, Low Cost and Cross Blockchain.
Lightning network is powered by blockchain smart contracts, it is a decentralized network that plays with the smart contract to enhance functionality in the blockchain to provide instant payments across a network of participants. Christian Decker, Core Developer at Blockstream tweeted,
TL;DR: The current increase in centralization in the #LightningNetwork is likely temporary, and we're actively working to make it easier for operators to build redundancies into the network.
Nevertheless we're keeping a close eye on the network's evolution and adjust accordingly
— Christian Decker (@Snyke) February 15, 2020
The tweet was on the increase of centralization in the lightning network which is based on a decentralized network and assured that users it is not something to worry about as it will be most likely temporary and the developers keep on working on the network to build redundancies and make it easier for operators.
— Samson Mow (@Excellion) February 16, 2020
The tweet assured Samson Mow, CSO at Blockstream and CEO of Pixelmatic, he tweeted that changes are most needed ones which currently are work in progress and coming into the Bitcoin and Lightening network and also advised giving a dedicated debugging of the issues for the Bitcoin to get benefited by the endless opportunities provided by lightening network.
“Eternal Vigilance is the price of liberty”
Samson Mow ended his tweet with a quote “The price of freedom is eternal vigilance”. The quotation was well known in the 19th century and it is based on the statement by John Philpot Curran, Irish orator, Politician, wit, lawyer and judge.
The statement goes like “the conditions upon which god have given us liberty is Eternal Vigilance “watchfulness”. If someone happened to break the condition the punishment will be carried then and there.
The usefulness of the quote can be easily related to the privacy and security feature which in Blockchain is not perfect has to be implemented and like the quote implies crypto-sphere may give you the anonymity and freedom to one but watchfulness and guard will be there and one who breaks this must be punished under the law.