Prominent Bitcoinand Antoine Riard, one of the developers of Lightning Network, announced in a public email that he will no longer be working on the Lightning project and explained the reasons for this.
Riard announced that he discovered a new class of attacks against the Lightning Network, a second-layer solution that aims to enable fast and cheap transactions on top of Bitcoin.
So-called “replacement loop attacks” involve maliciously replacing honest transactions that are supposed to settle payments on the Lightning Network with fraudulent ones. This may result in loss of funds or service to network users.
Riard said he followed a responsible reporting process and informed some senior Lightning developers about the issue, but he also cautioned that the only sustainable solution would occur at Bitcoin’s base layer, which would require a consensus update or a significant change to full node transaction requirements.
Riard said he faced a difficult dilemma between explaining why such changes were necessary for the good of Lightning and exposing critical attacks on this network that hosts more than 5,000 BTC.
Riard announced that it would cease its involvement in the development of the Lightning Network and its applications and Bitcoinwhich is the main software client for BitcoinHe stated that he will focus more on Core.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!