An Analysis of Privacy in the Lightning Network
Lightning generally has very good privacy for senders. Someone would have to actively control multiple nodes along a route and surveil their traffic to correlate payment hashes and attempt to doxx payment flows. Even then, it’s difficult to prove where the payment originated. However, your lightning service provider knows a lot about the payments you […]
The Bitcoin Network Security Optimization Problem
Bitcoin will be successfully attacked because its network security is trending down despite rising hash rate. It must suffer an assault (perhaps multiple blows) in order to correctly price the minimum cost of security. Proof-of-work systems with a decreasing issuance schedule are performing a security budget optimization in real-time. Let me explain… Proof-of-Work Incentive Structure […]
Federations on Bitcoin are the Decentralized Future
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