Crashes And Failed Payments: Peter Todd Urges Caution Over Lightning Network
news

Crashes And Failed Payments: Peter Todd Urges Caution Over Lightning Network

THELOGICALINDIAN - Bitcoin Core developer Peter Todd has delivered a aboveboard appraisement of the Lightning Network suggesting it is technically bereft in its accepted form

Writing about his “initial impressions” of Lightning’s testnet accomplishing on Twitter Monday, Todd questioned aspects including operational animation and programming language.

“Initial impressions of Lightning on testnet: c-lightning segfaults a lot, and back it’s not abolition payments abort added generally than not. Writing it in C – a awfully alarming accent – doesn’t bang me as a acceptable idea,” he wrote.

Since its mainnet admission at the alpha of the year, the Lightning Network has grown rapidly, but cryptocurrency experts and developers abide disconnected over whether the technology is accessible for use at all.

The best hotly accessible of the alleged ‘Layer 2’ Bitcoin arrangement improvements, Lightning promises near-zero transaction fees and acceptance times.

This month, Microsoft threw its weight abaft the project, alliance abutment for it as an off-chain Bitcoin ascent band-aid while cloudburst algid baptize over on-chain solutions such as block admeasurement increases.

On a abstruse level, however, the beginning accompaniment of Lightning charcoal evident. Figures including Bitcoin.org architect Cobra preceded Todd in voicing doubts about a customer rollout accustomed the abstinent attributes of abounding of its features. The result, both say, could be absent funds.

“As for the Lightning protocol, I’m accommodating to adumbrate it’ll prove to be accessible to DoS attacks in it’s (sic) accepted incarnation, both at the P2P and blockchain level,” Todd meanwhile predicted.

Lightning has additionally faced attention from Andreas Antonopoulos, who admitting advancement its abstruse affiance saw authoritative woes banishment above cryptocurrency exchanges to avoid alms it.

This anniversary meanwhile additionally saw Bitcoin Core release adaptation 0.16.0, a above anniversary accumulation abounding abutment for SegWit ascent improvements, itself a advantageous foundation for acceptance Layer 2 solutions to spread.

What do you anticipate about Peter Todd’s bend on the Lightning Network? Let us apperceive in the comments below!

Images address of Shutterstock, Twitter