THELOGICALINDIAN - In a contempo columnist absolution blockchain ecology close Chainalysis promises a transaction ecology band-aid for the Lightning Network The better snitches in the bold had been larboard out of Bitcoins latest evolutionary footfall Can Chainalysis absolutely adviser the Lightning Network or is this an abandoned blackmail Lets booty a folio from their book and assay their account there are apparently clues in there
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In the intro, they promise, “Chainalysis will accredit our barter to action Lightning affairs at the aforementioned akin of aegis and acquiescence as blockchain transactions.” What do they beggarly by “process”? What are they adage there exactly? We’re not sure, but the columnist absolution starts by giving out accessible stats about the Lightning Network’s growth.
Chainalysis Deep Dive Into The Lightning Network
Each transaction that opens and closes Lightning channels does get recorded always on the blockchain. What goes on amid the parties complex in the meantime, that’s still a abstruseness to blockchain assay companies. This first, apparently exploratory, abstraction that Chainalysis gives its -to-be audience aloof covers what happens on the capital chain, Bitcoin’s aboriginal layer.
Notice the speculation. Even at the aboriginal band level, they accept to await on agrarian guesses.
What Does Chainalysis Promise?
Without accomplishing any assay of the Lightning Network so far, the aggregation goes all-in.
How will they do it, though? The association seems skeptical… you’ll accept to go into Twitter’s hidden replies to apprehension that, however. Chainalysis formed actual adamantine to not acquiesce discusions beneath their advertisement tweet.
Among the replies, we acquisition the best accepted objections to Chainalysis’ plan. For example: “You are aggravating to advice absolute states. But are activity to abort with lightning – no one is activity to affix to you.” And also, “Why would anyone affix with a surveillance firm?” Plus this, “Please advertise your nodes, so we can all abstain acquisition through you and abutting any channels you are aperture with us. Thank you.” However, according to this bearding user, there’s still achievement for Chainalysis. “That isn’t necessary. They may charge alone to abduction the hubs in the arrangement like they did on-chain.”
So, we’ll see.
The Lightning Network’s Known Vulnerabilities
There are a brace of advance vectors that snitching close Chainalysis could still use. Of course, Bitcoinist already covered them.
However, for this to be a problem, Chainalysis’ nodes would accept to be anonymous. Nobody is activity to affix to them otherwise. There’s addition accepted vulnerability that’s alike added insidious.
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So, there are accomplishments Chainalysis can booty to ruin the affair and address all activities to the school’s principal. However, they would accept to accommodate clamminess to the Lightning Network first. Then, affix to others in an anonymous way. And lastly, accomplish their abominable ecology activities after accepting caught. Chainalysis will do it for everyone’s benefit, though. Trust them.
