Published on: 2015-08-14T01:28:30+00:00
Jasper Hugunin, a developer at HashPlex, has implemented a prototype Lightning node in Python. The node is designed to support micropayment channels and basic routing for multiple hop payments. However, it does not yet include features such as revocation and HTLCs. Jasper has split the server, UI, channel protocol, and routing protocol into separate modules for independent development. The GitHub issue tracker provides more details on this project.In an email exchange with Bryan Bishop, Jasper shared a repository link for Lightning routing and Bryan raised concerns about what happens if a peer does not know the destination or if there are multiple peers involved. Bryan also provided his contact information and website URL. The Lightning repository uses a variant of distance-vector routing, where nodes inform their peers about the cost to reach a particular node. Routing tables are built using this information to facilitate payment forwarding.Rusty responds to Jasper's explanation of the routing protocol, expressing agreement on its workability for bootstrapping purposes. He also expresses interest in reviewing Jasper's code once he has tested his own protocol state machine.Joseph Poon expresses excitement for the upcoming release of Jasper's Lightning node, which includes features such as micropayment channels supporting unilateral close, basic routing support for multiple hops, integration tests, and an MIT License. The Lightning node is an off-chain scaling solution for Bitcoin that aims to reduce congestion on the Bitcoin blockchain and improve transaction speed.Overall, Jasper Hugunin's release of the prototype Lightning node is a significant development for the Bitcoin community. It brings us closer to solving scalability issues and improving the adoption of cryptocurrencies in mainstream use cases. The Lightning network has gained popularity due to its potential to enable faster transactions and reduce transaction fees. This release will strengthen the Lightning network and provide developers with an opportunity to test and enhance the technology.
Updated on: 2023-07-31T18:13:02.813527+00:00