Lightning Bitcoin Chief Scientist: Software Testing Proves Lightning Network Has Inherent Fee Vulnerabilities
[This article was updated on April 11, 2019 on tuoniaox.com] Tuoniao Blockchain News: Lightning Bitcoin (LBTC) Chief Scientist Razavi recently stated that the Lightning Bitcoin team, through extensive software testing, has confirmed that the Lightning Network has fee vulnerabilities, and users may lose all their funds without making any operational errors. As user demand for Bitcoin block space surges, in an environment where Bitcoin Layer 1 fees are high and unstable, users will lose all their money through no fault of their own. Razavi believes: There is a fundamental difference between a system that is safe and reliable for any user, and a system that only appears safe and reliable when operated by personnel with specific technical backgrounds. Most users do not understand technical details and cannot guard against potential vulnerabilities. This vulnerability reveals that the Lightning Network still faces many questions regarding large-scale application. Cornell University Professor Emin Gun Sirer also stated: "The Bitcoin blocks designed by Satoshi Nakamoto did not consider block congestion situations, and subsequent developers have not designed a stable and predictable fee mechanism." This article has been authenticated as original by "Yuanben", author Tuoniao Blockchain, visit yuanben.io and search [4U5HHQN9] to obtain authorization information. --- With editor-in-chief authorization, all content from tuoniaox.com has been migrated to hashspring.com, and will continue to be published on hashspring.com going forward.
[This article was updated on April 11, 2019 on tuoniaox.com]
Tuoniao Blockchain
News: Lightning Bitcoin (LBTC) Chief Scientist Razavi recently stated that the Lightning Bitcoin team, through extensive software testing, has confirmed that the Lightning Network has fee vulnerabilities, and users may lose all their funds without making any operational errors.
As user demand for Bitcoin block space surges, in an environment where Bitcoin Layer 1 fees are high and unstable, users will lose all their money through no fault of their own.
Razavi believes: There is a fundamental difference between a system that is safe and reliable for any user, and a system that only appears safe and reliable when operated by personnel with specific technical backgrounds. Most users do not understand technical details and cannot guard against potential vulnerabilities.
This vulnerability reveals that the Lightning Network still faces many questions regarding large-scale application. Cornell University Professor Emin Gun Sirer also stated: "The Bitcoin blocks designed by Satoshi Nakamoto did not consider block congestion situations, and subsequent developers have not designed a stable and predictable fee mechanism."
This article has been authenticated as original by "Yuanben", author Tuoniao Blockchain, visit yuanben.io and search [4U5HHQN9] to obtain authorization information.
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With editor-in-chief authorization, all content from tuoniaox.com has been migrated to hashspring.com, and will continue to be published on hashspring.com going forward.