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Lightning Network

A collection of 5 posts

Lightning Network Wallet Alby Faces Uproar Over Inactivity Fees and Unauthorized Bitcoin Withdrawals

Lightning Network

Lightning Network Wallet Alby Faces Uproar Over Inactivity Fees and Unauthorized Bitcoin Withdrawals

The Lightning Network wallet Alby is under fire as users express outrage over a policy that has led to unexpected Bitcoin withdrawals from inactive accounts. Labeled as “inactivity fees,” these deductions have sparked heated debates about transparency, custodial risks, and the broader challenges facing the Lightning Network. The controversy, which

Bitcoin Lightning Network Pay to Anchor Feature Faces Scrutiny Over Abuse Concerns

Bitcoin Lightning Network Pay to Anchor Feature Faces Scrutiny Over Abuse Concerns

The Bitcoin community is at odds again over “Pay To Anchor” outputs, a technical feature meant to bolster the reliability of the Lightning Network, as people have begun raising concerns over its potential misuse. Originally designed to ensure smooth transaction confirmations in Bitcoin’s offchain scaling solution, these outputs have

Bitcoin Lightning Network Security Flaw Threatens User Funds

Bitcoin Lightning Network Security Flaw Threatens User Funds

In what can only be described as a distressing day for Lightning Network users, a critical vulnerability has been unearthed that could lead to the remote theft of Bitcoin. Bitcoin developer, known by the pseudonym "Calle," issued an urgent alert to all node operators using software versions prior

Lightning Network's Irrevocable Fees Vulnerability Risks Channel Funds

Lightning Network

Lightning Network's Irrevocable Fees Vulnerability Risks Channel Funds

A new significant vulnerability has been discovered within Lightning Network (LN), known as the "irrevocable fees" exploit. This bug, which could potentially siphon off up to 98% of a channel's funds, has sent ripples through the Bitcoin community, highlighting the delicate balance between scalability and blockchain

Cash App Discontinues Bitcoin Peer-to-Peer Transfers

Cash App Discontinues Bitcoin Peer-to-Peer Transfers

In an unexpected move, Cash App, the popular mobile payment platform under Block, Inc., which is owned by Jack Dorsey, has decided to end its peer-to-peer Bitcoin transfer feature using $cashtags by December 20, 2024. This decision follows months of federal investigations into Block's compliance practices, spotlighting the