Sensei offers all the functionality you’d expect from a lightning node:
- creating and paying lightning invoices
- opening and closing channels
- on-chain transactions and utxo management
- authenticated http and grpc apis
- a cli tool
and so much more.
Sensei allows you to spawn and manage always-on lightweight child nodes.
They share resources with the parent node but appear no different to the rest of the network.
Help your friends, family, and community members manage their uptime and liquidity while earning routing fees.
Sensei offers a locally hosted web-based administration panel for easily managing your fleet of nodes.
Use macaroon-based authentication to communicate with your node or fallback to more familiar username and passphrase methods.
This is just the beginning for Sensei, there is so much more to come.
With that said, it’s currently in an early beta state and is not recommended to be used on mainnet just yet.
Join our discord community to stay on top of the latest developments: discord.gg/bneS492Tqu
I’d also like to introduce @L2BTC. L2’s mission is to accelerate the adoption of Bitcoin by building software and services that enable as many people as possible to realize its value.
If this mission excites you, join us, we’re hiring!
I’m sure you’re aware that the main purpose of the lightning network is to help Bitcoin scale by enabling faster and cheaper payments.
Did you know it’s possible to use it to send arbitrary data along with a payment?
Why might you do that?
Should you?
Let me break it down 👇
Normally when you make a payment using the lightning network the receiver has to create an invoice for the specific amount and then get that invoice to you somehow.
You then instruct your wallet or node to pay that specific invoice and the money is routed to the recipient.
There’s a feature called ‘keysend’ that allows you to send money directly to a node's public key without an invoice.
This means instead of having to communicate with the recipient in order to send a payment you can now do so spontaneously as long as you have their public key.
To truly understand why we need Bitcoin it’s important to understand money itself.
What is money?
Why do we need it?
Why Bitcoin?
There’s many books written on these topics but let me try to break it down for you:
At the core of any economy are people who perform work that produces value for other people.
A farmer grows food for us to eat.
A painter creates art for us to enjoy.
A mechanic fixes our car so we can travel.
A teacher educates our children so they can prosper.
Without money the mechanic can only eat if the farmer needs his car fixed.
Each person needs to want what the other is producing at the same time.
A teacher only needs their car fixed so often but the mechanic needs his children educated all of the time.
Did you know that Bitcoin maintains a 10 min avg time between blocks regardless of the amount of hash power that on the network?
It’s possible because of a mechanism called the difficulty adjustment and it’s incredibly important to understand.
Let me break it down for you 👇
The difficulty refers to how hard it is for a miner to find a hash that would be considered a valid block on the network.
A higher difficulty translates to more hashes needing to be calculated on average whereas a lower difficulty means less hashes are needed on average.
If we recall from my previous thread on how mining works we know that a miner is hashing random values in search of an output that is less than some target.
When they find an input that produces an output below this target they are able to produce a block and claim the reward