Bitcoin Lightning Network Suffered Shortly Due to Outnumbered Multi-Signature Transactions

The large number of multi-signature transactions on the Bitcoin (BTC) Lightning Network caused the network to be out of sync and stopped for a short time.

Recently on Bitcoin Lightning Network one-time and intense The multi-signature operation caused a short interruption of the network. Bitcoin developer and Bitmatrixfounder of Burak Keceli by the operation performed The error it created was fixed a short time later.

The transaction causing the error is that multiple encryption keys are used to sign a single transaction. multiple signature was the process. It is almost as if this process, which is provided with more than one participant under normal conditions, is carried out from a single source. put the limits of the network to a rigorous test. The developer who created 998 out of 999 multi-signatures was charged only as transaction fee. paid $4.82.

To process large volumes of low value transfers It is known that the Lightning Network, which is defined as a layer designed and built on Bitcoin, is still in an experimental stage. However, validators running Lightning Network nodes (nodes) must also run Bitcoin nodes on the mainnet.

This multi-processing, which strained the network, also caused compatibility issues for node users. Many users because they cannot synchronize with the network complained. Users became inaccessible through their own nodes during the period of the error. “Access interruption”btcdA Bitcoin application named ” was found to be caused by an error in the parsing library. The error was fixed shortly after.


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