MatulefM
commented
1 year ago [Lightning-dev] Call For Review - LSPSpec LSPS1 LSPS2
- Credit: Severin Bühler
- “we have been working on specifications for Lightning Service Providers (LSP) with the aim of creating interoperability between Lightning wallets and LSPs by standardizing how they communicate. We have two specs that are now mature, although they are not yet 100% complete, and we would like to invite everyone to review them.”
[bitcoin-dev] Interactive Payment Batching w/ Payjoin
- Credit: Dan Gould
- “The following message details a number of examples using payjoin P2EP to coordinate payment batches. I stray from the original shape of stenographic payjoin, what I call "canonical payjoin" with 2 inputs and many outputs, to describe what I believe are novel structures that break heuristics used to track batched payments. The later examples match typical batch structure while breaking common input heuristic.”
Case study: fake hardware cryptowallet
- Credit: Stanislav Golovanov
- “Full review of a fake cryptowallet incident. It looks and feels like a Trezor wallet, but puts all your crypto-investments into the hands of criminals.”
- "The main safeguard is to buy your wallet directly from the official vendor and choose models with special versions of protected microcontrollers (even original Trezors aren’t ideal in this sense: there are other brands’ wallets with better protected chips and extra protection mechanisms)."
Ledger Launches Distributed, KYC-Based, Cloud Seed Recovery Service Then Quickly Deletes It
- Credit: No BS Bitcoin
- Seth For Privacy Thread
- “Ledger Recover service splits a wallet recovery phrase into three encrypted shards and distributes them to three custodians. The service is supposed to cost $9.99 per month.”
- “If somebody loses their recovery phrase, two of the three shards can be combined - pending an ID check - to regain access to the locked funds."
Bitcoin, CTV Covenants, and The Enigma Network
- Credit: @Polyd
- “Transaction Aggregation is the significant development that changes the way transactions are handled. Instead of one transaction per person or group, there's now a bundle of transactions. These bundles can vary in size and complexity, making it difficult to understand the interactions between transactions, thereby increasing network efficiency and improving user privacy."
- "The thought used to be that we would all live on Layer 2 due to high fees, what will happen is we’ll all become points on the map using anchor transaction to perform your housekeeping. You now perform hops on the chain. Each time you need to hop, you produce hundreds of new STXO’s and dumping hundreds of old STXO’s, erasing small portions of your map, updating it when you land in the next block."
- “ Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, and Brink, a 501(c)(3), fully-donor supported organization dedicated to strengthening the Bitcoin protocol and network through research, development, and a robust support system for both emerging and established Bitcoin developers via funding, education, and mentorship programs, have joined forces to raise up to $1 million to help support Bitcoin Core developers, whose goal is to maintain the Bitcoin protocol.”
BitResolve: Bitcoin-Native Dispute Resolution for FOSS Bounties
- "Private, bitcoin-native dispute resolution systems can drive efficiencies and provide assurances that better facilitate the flow of commerce in FOSS funding, and perhaps beyond."
- "By outsourcing bounty review to a panel of third-party neutrals that trigger automatic payment, we can eliminate donor discretion and provide assurances to developers that they will be compensated for compliant work product."
Lightning Splicing
Credit: Dusty Daemon "At its core Splicing is a simple concept, the ability to resize Lightning channels. But what's become apparent over time is the ability to resize Lightning channels gives us many additional benefits that were not intuitively obvious at first, and will fundamentally improve the utility of Lightning."