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In Bitcoin News: LND’s New Beta Here, Lightning App v0.2 Nigh

v0.4.2-beta of the Lightning Network Daemon (LND) is now live, with the upgrade bringing a slew of improvements to the Lightning Network node implementation. Moreover, Lightning Labs’ v0.2.0 of its desktop client for the Lightning Network has been set for pre-release. Bitcoin’s second-layer scaling solution is steadily coming into further focus. 

Also see: EOS Under Attack, Larimer Fights Back

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Hundreds of New Commits

LND’s newest upgrade is here, and its been brought forward on a flurry of industrious activity — specifically 419 new commits since LND v0.4.1-beta.

The update was derived from the contributions of 35 developers, four of them being from Lightning Labs, Other notable contributors included Jimmy Song and Olaoluwa Osuntokun.

LND, “a complete implementation of a Lightning Network node” on Bitcoin’s testnet3, still has a ways to go but progress has been mounting over the last 16 months. Osuntoken originally placed LND’s inaugural v0.1 on GitHub in January 2017.

The v0.4.2-beta’s improvements are numerous and disparate, include fixes to private channel invoicing, a channel funding bug, HTLC routing, and more.

It’s another few steps toward technical maturity for the Lightning ecosystem.

Desktop Client Coming Soon, Too

v0.2.0 of the Lightning App, a desktop client for the Lightning Network, has been set to pre-release by Lightning Labs on GitHub.

At this point, then, the new software version should be mostly bereft of bugs, with developers now culling over it to make sure everything’s in order a few more times.

No release without a pre-release, right. Which means the new update should be here sooner rather than later.

Where’s Bitcoin Go From Here?

The future of Bitcoin and its proposed second-layer scaling solution are still in flux. No one knows just how things are going to look one, five, or 10 years down the road.

But some interesting news out of Japan this week suggests the Lightning Network’s privacy capabilities might put future bitcoin use at odds with governmental deanonymization efforts.

That’s because Japan’s Financial Services Agency (FSA) has mandated that domestic exchanges begin removing privacy coin listings before June 18th, 2018.

To say the least, then, Japan will be a country Lightning Network enthusiasts will have to keep an eye on in the coming months and years. How will Japanese and other international regulators approach LN’s privacy?

It’s an open question for now.

As far as much less grim possibilities go, deanonymization efforts may be ramping up, but bitcoin’s price volatility may be winding down.

That’s per r/Bitcoin user u/slvbtc, who noted earlier that bitcoin’s volatility may be reaching fiat-like levels in a few years.

Bitcoin
via u/slvbtc

What’s your take? Do you think Lightning will bring further stability to bitcoin’s future as a currency? Yes, no? Let us know where you stand in the comments below.


Images via u/slvbtc, Schoolswork



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