🚀 Let's Explore Lightning Nodes! (1/8) ⚡
1/ The Lightning Network is a game-changer for Bitcoin. But what powers it? Software applications speaking the LN protocol. Let's dive into Lightning nodes, the backbone of this innovation.
2/ Lightning nodes are versatile. They're wallets, facilitating payments over both the Lightning and Bitcoin Network. They communicate peer-to-peer with other nodes, forming the network. Plus, they need access to the Bitcoin blockchain for securing funds.
3/ To maximize control, users can run their own Bitcoin and Lightning nodes. But here's the cool part: Lightning nodes can also use SPV to interact with the Bitcoin blockchain, offering a lighter approach.
4/ The Lightning Network isn't a product or company, it's a set of open standards for interoperability. Various companies and community groups have built open-source Lightning node software (LND, c-lightning, Eclair, etc) enabling collaboration and community-driven development. 🔧🤝
5/ Unlike Bitcoin, where the standard is defined by a reference implementation in software (Bitcoin Core), in Lightning the standard is defined by a series of standards documents called Basis of Lightning Technology (BOLT). 📜
6/ No single reference implementation for the Lightning Network exists, but there are competing BOLT-compliant implementations from different teams and organizations. These teams not only build software but also contribute to BOLT standard development. 💼
7/ Lightning node software differs from Bitcoin's. It doesn't need to follow consensus rules and can experiment with extended functionality beyond the BOLT baseline. This flexibility allows for innovation and could shape future BOLTs. 💡
8/ Excited to make your own Bitcoin Lightning Node using LDK? Click below to start the adventure!
https://medium.com/@aaa.software.dev/how-to-develop-a-non-custodial-bitcoin-lightning-wallet-using-flutter-and-ldk-7396310f37b6
#bitcoin #lightningnetwork
Anipy
npub1cl…yrp9x
2023-10-19 13:45:57
Author Public Key
npub1clqc0wnk2vk42u35jzhc3emd64c0u4g6y3su4x44g26s8waj2pzskyrp9xPublished at
2023-10-19 13:45:57Event JSON
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"content": "🚀 Let's Explore Lightning Nodes! (1/8) ⚡\n\n1/ The Lightning Network is a game-changer for Bitcoin. But what powers it? Software applications speaking the LN protocol. Let's dive into Lightning nodes, the backbone of this innovation.\n\n2/ Lightning nodes are versatile. They're wallets, facilitating payments over both the Lightning and Bitcoin Network. They communicate peer-to-peer with other nodes, forming the network. Plus, they need access to the Bitcoin blockchain for securing funds.\n\n3/ To maximize control, users can run their own Bitcoin and Lightning nodes. But here's the cool part: Lightning nodes can also use SPV to interact with the Bitcoin blockchain, offering a lighter approach.\n\n4/ The Lightning Network isn't a product or company, it's a set of open standards for interoperability. Various companies and community groups have built open-source Lightning node software (LND, c-lightning, Eclair, etc) enabling collaboration and community-driven development. 🔧🤝\n\n5/ Unlike Bitcoin, where the standard is defined by a reference implementation in software (Bitcoin Core), in Lightning the standard is defined by a series of standards documents called Basis of Lightning Technology (BOLT). 📜\n\n6/ No single reference implementation for the Lightning Network exists, but there are competing BOLT-compliant implementations from different teams and organizations. These teams not only build software but also contribute to BOLT standard development. 💼\n\n7/ Lightning node software differs from Bitcoin's. It doesn't need to follow consensus rules and can experiment with extended functionality beyond the BOLT baseline. This flexibility allows for innovation and could shape future BOLTs. 💡\n\n8/ Excited to make your own Bitcoin Lightning Node using LDK? Click below to start the adventure!\n\nhttps://medium.com/@aaa.software.dev/how-to-develop-a-non-custodial-bitcoin-lightning-wallet-using-flutter-and-ldk-7396310f37b6\n\n#bitcoin #lightningnetwork",
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