While this is a disappointment you need to understand that Lightning network is pretty new tech and new tech is usually full of bugs. Look how many hacks are happening on the ethereum network every couple of weeks. So this is understandable. The fact is that it will get fixed as long as the soft fork passes.
Soft forks are very controversial with bitcoin, remember Segwit? So hopefully there will be enough consensus and after we patch all the bugs and holes, we can run the new code and all is well. And keep in mind this is just LN not Bitcoin itself.
Topic: The end of Lightning Network? - page 3. (Read 580 times)
The resignation of one developer does not mean the death of the Bitcoin Lightning Network. It will certainly have a negative impact, especially since there have been many years of waiting, but let us hope that this is not actually the end.
Yes, the Lightning network was the perfect solution to the problems of scaling Bitcoin for many, but unfortunately it did not gain the necessary widespread popularity and remained limited to a few Bitcoin fans, perhaps because Lightning is not as easy to use as the regular Bitcoin network.
I hope that the years of waiting and development will not be wasted without any benefit, but unfortunately the Lightning Network, although it gave everyone high hopes, was faltering from the beginning and it appears that the problems are greater than the solutions it provides.
Yes, the Lightning network was the perfect solution to the problems of scaling Bitcoin for many, but unfortunately it did not gain the necessary widespread popularity and remained limited to a few Bitcoin fans, perhaps because Lightning is not as easy to use as the regular Bitcoin network.
I hope that the years of waiting and development will not be wasted without any benefit, but unfortunately the Lightning Network, although it gave everyone high hopes, was faltering from the beginning and it appears that the problems are greater than the solutions it provides.
And from what I understand, they have known it already since 2022. And it require some technical know how to be able to pull this one out successful. So far the exploits haven't been seen in the wild.
Obviously, he is not the only developer, so it this has been found out already, a patch can be made. Just a matter of time.
So the future still looks bright for LN, this is just another bump in the road, and just like any other softwares, there could be bugs to be fixed.
Obviously, he is not the only developer, so it this has been found out already, a patch can be made. Just a matter of time.
So the future still looks bright for LN, this is just another bump in the road, and just like any other softwares, there could be bugs to be fixed.
Not sure why some people are calling it dead already.
1. While he's a core dev, he's definitely not the only dev
2. Lightning has never been perfect. But while it technically works, it's simply not ready yet. There's a reason why I never recommended it to normies yet as of yet. But, let's not forget that —
3. Software can be improved
1. While he's a core dev, he's definitely not the only dev
2. Lightning has never been perfect. But while it technically works, it's simply not ready yet. There's a reason why I never recommended it to normies yet as of yet. But, let's not forget that —
3. Software can be improved
Exactly.
Why even speculate about that when 1 person is leaving the team.
Sure lightning didn't have as much success as it once was hoping for, after all it started very promising. I also never really used it, just tried it out for a split second. The idea behind it is great but it still needs a lot of improvement to be done in the near future fur it to actually succeed.
Not sure why some people are calling it dead already.
1. While he's a core dev, he's definitely not the only dev
2. Lightning has never been perfect. But while it technically works, it's simply not ready yet. There's a reason why I never recommended it to normies yet as of yet. But, let's not forget that —
3. Software can be improved
1. While he's a core dev, he's definitely not the only dev
2. Lightning has never been perfect. But while it technically works, it's simply not ready yet. There's a reason why I never recommended it to normies yet as of yet. But, let's not forget that —
3. Software can be improved
Peter Todd mentioned potential fixes requiring soft forks on the mailing list - https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/022042.html
Shinobi says that the problem can be solved just with a few tweaks - https://twitter.com/brian_trollz/status/1715743794098753952
Shinobi says that the problem can be solved just with a few tweaks - https://twitter.com/brian_trollz/status/1715743794098753952
Quote from: Shinobi
Lightning is not dead, and this is getting silly as shit at this point. The solution to this issue is as simple as extending timelocks and rebroadcasting transactions regularly with a slight fee bump, or just handling pre-signed TXes in a different way.
The sky isn't falling.
The sky isn't falling.
Antoine Riard, one of the core Lightning Network developers publicly announced his resignation from the project, citing some serious concerns.
This puts some serious doubt on the future of lightning and the viability of it as a scaling solution.
What are your thoughts? Is there a path of recovery for developing scaling solutions?
And how about the years of waiting and supposed progress of development on the lightning network? Does it all go to waste?
For many, lightning network was the go to solution to bircoin's scaling issues.
This puts some serious doubt on the future of lightning and the viability of it as a scaling solution.
What are your thoughts? Is there a path of recovery for developing scaling solutions?
And how about the years of waiting and supposed progress of development on the lightning network? Does it all go to waste?
For many, lightning network was the go to solution to bircoin's scaling issues.
Jump to: