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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
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
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