binance-banner.jpg

Bitcoin Lightning Network vulnerability poses risk to scaling

Lightning Labs has reportedly confirmed the existence and exploitation of Bitcoin Lightning Network vulnerability.


The peer-to-peer payment network is responsible for providing low-priced and quick Bitcoin payments, but due to this bug incident, it might not be prepared for huge payments.


A well-known Blockstream developer Rusty Russell in August exposed the bug on the mailing list. Russell revealed the bug’s details partially, stating that some security issues have been found in several lightning projects and these issues might lead to loss of money.


What is the Bitcoin Lightning Network vulnerability?


The complete specifications of vulnerability are likely to be released by the end of this month, giving the users almost four weeks for up-gradation to a secure version of the software.


However, this precaution is quite late. Lightning Labs also warned its users that Lightning Network is still in its initial stages. Source...

#BTC #LightningNetwork