Lightning, the death of BIP62, and Segregated Witness

Nov 19 - Nov 19, 2015

  • The Lightning Network is a payment channel network that enables instant and low-cost micropayments.

Due to the malleability of transaction IDs (txids), there have been concerns about the security of the Lightning Network. However, Tadge Dryja proposed a new "sighash_noinput" functionality which allows for reliable spending from unconfirmed transactions without txid malleability. The hard-fork variant involves putting signatures in another parallel Merkle tree while the soft-fork plan involves having the scriptPubKey just be the 20-byte hash of the redeem script and the actual scriptSig in a separate Merkle tree committed elsewhere in the block. The Segregated Witness can also achieve this but is a large hard-fork change. Testnet-L has been created to test the malleability mitigation out.

Bitcoin Logo

TLDR

Join Our Newsletter

We’ll email you summaries of the latest discussions from authoritative bitcoin sources, like bitcoin-dev, lightning-dev, and Delving Bitcoin.

Explore all Products

ChatBTC imageBitcoin searchBitcoin TranscriptsSaving SatoshiBitcoin Transcripts Review
Built with 🧡 by the Bitcoin Dev Project
View our public visitor count

We'd love to hear your feedback on this project?

Give Feedback