One of the biggest problems in Lightning finally has a solution.

CHANNEL JAMMING–

A Hybrid Approach: Firstly, what is channel jamming?

Jamming is a type of denial of service (DDoS) attack on Lightning channels.

The goal of the attack is to make a Lightning channel unusable.

Taproot unlocked the future of #Bitcoin Privacy

But most Bitcoiners have no idea how.

A SCHNORR SIGNATURE THREAD: It’s well known that Bitcoin has a privacy problem.

Tracking UTXOs from KYC exchanges is trivial, and specialized firms like Chainalysis have cropped up for this very purpose.

As Bitcoiners, we should care A LOT about privacy.

It’s a fundamental human right, after all.

Every Bitcoiner should understand this graph.

Without it, #Bitcoin would be impossible.

Elliptic Curves thread: Elliptic curve cryptography is a type of cryptography that uses elliptic curves to create mathematically linked public & private keys.

L402 is the next step in the evolution of the internet.

Metered APIs built on Lightning will revolutionize the machine-to-machine economy.

But how does L402 actually work, on a technical level?

Thread: In short, L402 is a protocol standard for payment-metered APIs explicitly designed to fit neatly into the existing HTTP 402 Payment Required status response code.

Torq's automation features are INCREDIBLY powerful⚡️

Here's how node runners can take full advantage of one of our favorite automations -

THE REBALANCER: 1/

All of Torq's automation flows start with a trigger.

The default rebalancer has two triggers.

One is time based (runs every 30 minutes)

And the second is based on channel balances (it runs every time a channel balance changes)

If you’re interested in #Bitcoin & Lightning, it’s critical to understand the concept of a “Preimage”

Bear markets are for learning, right?

Let’s break it down👇 Simply put, a preimage is the data that is input into a hash function to generate a hash.

Have you ever wondered how #Bitcoin moves on and off the Lightning Network?

Let’s take a look at the process & costs at a high level.

Thread: Moving sats on and off the Lightning Network starts with opening a channel.

This involves creating a multi-signature wallet, which is essentially a Bitcoin address that requires two signatures to spend the funds.

Every Bitcoiner has heard of SHA256.

But most don’t know its history or true purpose.

In this thread, we’ll break it down as simply as possible: SHA-256 was created by the National Security Agency(NSA) and published by the National Institute of Standards and Technology(NIST) in 2001

Its purpose?

Ensuring data integrity, secure password storage, and assisting in digital signatures.

All essential for secure govt comms.

BOLT 12 has been quietly evolving in the shadows.

But 99% of Bitcoiners are completely unaware of it.

Here’s what you need to know: If you’ve never heard of BOLT 12, here’s a brief overview:

BOLT stands for Basis of Lightning Technology.

BOLTs are like BIPs (Bitcoin Improvement Proposal) for the Lightning Network.

Force closing a Lightning channel in a high fee environment can be costly.

You need to understand how force closures work and how they become expensive.

FORCE CLOSE THREAD: 1:

A force close on Lightning occurs when a channel partner unilaterally closes a channel, often due to the other partner being unreachable.

This action "frees" the funds held in the channel.

Taproot unlocked the future of Bitcoin Privacy

But most Bitcoiners have no idea why it’s so important.

A KEY AGGREGATION THREAD: It’s well known that Bitcoin has a privacy problem.

Tracking UTXOs from KYC exchanges is trivial, and specialized firms like Chainalysis have cropped up for this very purpose.

As Bitcoiners, we should care A LOT about privacy.

It’s a fundamental human right, after all.

Lightning Coinjoins are the future.

THREAD: Every bitcoiner wants privacy, whether they know it or not.

Privacy is a fundamental human right, after all.

So how can we make bitcoin more private?

TORQ v19.1 is LIVE🔥

Huge upgrades in this release:

New dashboard✅
Advanced automation workflows✅
Channel data CSV download✅
Bug & performance fixes🤙🏻

Here's a quick summary: Our new dashboard gives you an overview of your node at a glance.

See your total balances (off & on chain)

Open channels, create invoices, and make payments all from one spot.

Every Bitcoiner should run a Lightning node

But most are too scared to commit funds to a channel.

Here are 9 essential security tips for node runners: DISCLAIMER:

This thread is by no means exhaustive.

These are general guidelines you should follow to increase your security.

Make sure to do your own research!

#Bitcoin's scripting language was a genius foresight.

Satoshi was thinking light-years ahead when he added this programmability.

Bitcoin Script: A Beginner’s Guide: 1/

What is script?

Script is a simple programming language that is not Turing complete.

It lacks certain logical functionality, including loops, to prevent people from spamming the network and harming nodes.

#Bitcoin is built on digital signatures.

But what does it actually mean to sign a transaction?

You should know this.

Thread: In one of our previous threads, we explained the process by which public & private keypairs are generated in bitcoin.

We’ll be referencing Elliptic Curves in this thread, so if you have no idea what those are, you should read this one first:

https://twitter.com/LN_Capital/status/1612154008357011463

Eventually, the Lightning Network will be as private as cash.

Here's how: Firstly, we should establish that privacy is a fundamental human right.

TORQ V.0.16.3 IS LIVE!

There are some MAJOR upgrades in this version: 1/3
Organize your routing node with tags!

You can use tags to label a channel or a node, i.e, "Sink", "Exchange", "Wallet"...etc

You can also create your own custom tags!

Every Bitcoiner should understand this graph.

Without it, #Bitcoin would be impossible.

Elliptic Curves thread: Elliptic curve cryptography is a type of cryptography that uses elliptic curves to create mathematically linked public & private keys.

The magic of the Lightning Network is built on HTLCs

But most Bitcoiners don't know how they work.

Quick thread: HTLC stands for “Hash Time-Lock Contract”

In short, HTLCs are programmable smart contracts that create atomic trustless transactions between peers on the Lightning Network.

Pickhardt Payments will supercharge the Lightning Network.

Here's how: Payments over LN can happen in two ways:

1. Direct (node to node)
2. Indirect (node THROUGH node)

When sending an indirect payment, i.e, you don’t have a channel open with the recipient, your payment is ‘routed’ through an intermediate node or nodes.