Is Lightning Network Security at Risk? ⚠️
Antoine Riard, a security researcher and developer, is leaving the
#Lightning Network's development due to serious security issues.
He believes the Bitcoin community faces a daunting challenge as a new type of attack, known as a
#replacement cycling attack, threatens Lightning Network. This attack exploits inconsistencies in individual mempools and puts the network in a precarious situation.
Riard suggests that addressing this issue may require changes to the underlying
#bitcoin network, which would necessitate community consensus.
While the Lightning Network has gained popularity, with a total value locked of $159.5 million, it still faces criticisms and challenges. Riard is shifting his focus to Bitcoin core development but warns about forthcoming challenges for the broader cryptocurrency ecosystem.
#Binance #crypto2023