Litecoin Lightning Network Daemon v0.10.1 has been released.
Loshan, a core developer of the Litecoin project, today released a new update to the Litecoin Lightning Network Daemon (lndltc) in beta version v0.10.1. This release is the most complete and stable version of lnd for Litecoin users. lnd is an open-source implementation of a lighting network developed by the team at ‘Lightning Labs’, a company backed by Twitter CEO Jack Dorsey and led by Elizabeth Stark.
Notable changes include updates to Multi-Path Payments (MPP) with higher transfer limits to allow for larger Litecoin payments and potentially more efficient payment routing.
Support for Partially Signed Transactions (PST) is also included in this release. This allows users to fund and open Lightning channels directly from third-party wallets with PST support. It can also significantly improve network efficiency by introducing the ability to open multiple channels in a single transaction.
In previous versions of lnd, opening a payment channel required first transferring LTC to lnd’s wallet. Another change comes in the form of anchor promise formats for chain fees, explains Lightning Labs VP of Product Bryan Vu:
“One of the challenges of the original Lightning Protocol was that the amount of fees used to force closure of on-chain channels had to be negotiated and agreed upon in advance. This wasn’t a problem because fees were relatively low and predictable throughout Lightning’s entire lifespan. However, if a channel is open for an extended period of time and fees may rise significantly, or if the channel is opened during a time when on-chain fees fluctuate, an emergency channel closure may be destabilizing due to incorrect fee estimates or forecasts. ”
These anchor promises allow users to increase their fees after a channel closure promise is published. This means that if on-chain demand exceeds, parties can now close channels in a timely manner.
The group also announced that lnd is taking steps to improve its architecture by introducing a database abstraction layer that ‘allows the use of databases other than the default bbolt’.
“To make the lnd node more robust against hardware or network failures, we are changing the database so that we can have multiple copies of the channel database that can seamlessly resume transaction processing if an unexpected failure occurs.” … “The first new databases we will support are: Related changes make lnd itself more modular and easier for developers to customize.”
When it comes to privacy, Lightning Lab has not only enabled ‘more secure’ deployments of lnd and Tor, but has also added support for Watchtowers deployments via the Tor Hidden Service.
lndltc is a fork of lnd, the leading implementation of the Lightning Network, and the only version that supports Litecoin, making it the best way for users to test their infrastructure.
