A New Twist On Lightning Tech Could Be Coming Soon to Bitcoin


Bitcoin's lightning network may be just starting to send transactions over the blockchain, but already its developers are looking to rearchitect the technology.

That's because, while touted as a way to significantly boost bitcoin's capacity, the network itself does require users to store a significant amount of data, which makes it difficult to download and run. As such, several lightning developers – Lightning Labs co-founder 'Laolu' Osuntokun and Blockstream's Christian Decker and Rusty Russell – have published a new proposal which imagines an alternative, «simplified» way of making off-chain transactions called eltoo.

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MIT Is Testing A Smart Contract-Powered Bitcoin Lightning Network


An MIT test is providing a rare glimpse of how bitcoin might truly work at scale.

Revealed to CoinDesk last week, the prestigious U.S. university has been quietly demoing an experimental use case for bitcoin's lightning network, one that showcases how it might be combined with smart contracts to not only handle millions of transactions, but do so with a greater degree of complexity.

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