Security researcher and developer Antoine Riard is stepping down from the Lightning Network’s development team, citing security issues and fundamental challenges to the Bitcoin ecosystem.
According to a thread on the Linux Foundation’s public mailing list, Riard believes the Bitcoin community faces a “hard dilemma” as a new class of replacement cycling attacks puts Lightning in a “perilous position.“
That's the thing about a free market. Anyone is free to make a better product and there are many projects being worked on.
That I could see through glancing through those links, no cycling attack had been identified and it's only a theory for a potential attack. I've never had an issue or even heard of any from other node runners.
There is a reason why a core lightning network developer there from the beginning left. Why would regular people take the chance to use lightning when it has been proven to have systemic flaws?
Lightning network keeps having glitches and bugs even years after being released. It even says in the white paper that Bitcoin blocks would need to be 130MB+ to support Billions of people.
Cardano's scaling solution Hydra at least actually stands a chance of scaling to billions by being able to convert stake pools to Hydra nodes that each run 1000 TPS. There are over 2500 stake pools on Cardano right now (you can make a stake pool for as little as $200)
So 1000 x 2500 = potential 2500000 TPS. Its horizontal scaling as compared to Ethereum vertical scaling.
We already have instant transactions using Bitcoin itself on the Lightning Network. It works by creating multisignature channels between peers.
(Oct-2023) Bitcoin core developer steps back from Lightning Network over ‘hard dilemma’ https://cointelegraph.com/news/bitcoin-core-developer-antoine-riard-steps-back-lightning-network-dilemma
Bitcoin Core Dev exposes Lightning Network flaw, departs project - "All your mempool are belong to us" https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/022032.html
How does a lightning replacement cycling attack work? https://x.com/mononautical/status/1715736832950825224
Github - List of Lightning Network technical issues, bugs, flaws, and exploits. https://github.com/davidshares/Lightning-Network
That's the thing about a free market. Anyone is free to make a better product and there are many projects being worked on.
That I could see through glancing through those links, no cycling attack had been identified and it's only a theory for a potential attack. I've never had an issue or even heard of any from other node runners.
There is a reason why a core lightning network developer there from the beginning left. Why would regular people take the chance to use lightning when it has been proven to have systemic flaws?
Lightning network keeps having glitches and bugs even years after being released. It even says in the white paper that Bitcoin blocks would need to be 130MB+ to support Billions of people.
Cardano's scaling solution Hydra at least actually stands a chance of scaling to billions by being able to convert stake pools to Hydra nodes that each run 1000 TPS. There are over 2500 stake pools on Cardano right now (you can make a stake pool for as little as $200)
So 1000 x 2500 = potential 2500000 TPS. Its horizontal scaling as compared to Ethereum vertical scaling.