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⚡ Lightning Network Megathread ⚡
Lastupdated2018-01-29 This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information. There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!
Lightning Network White Paper - The protocol has changed since this original paper, but covers the mid-level mechanics of the Lightning Network with an emphasis on the smart contracts that make it trustless
If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible
Is Lightning Bitcoin?
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Is the Lightning Network open source?
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Who owns and controls the Lightning Network?
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed.
Do I need a constant connection to run a lightning node?
Not necessarily, Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the CheckLockTimeVerify (CLTV) in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- Source
What Are Lightning’s Advantages?
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Does Lightning require Segregated Witness?
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
Can I Send Funds From Lightning to a Normal Bitcoin Address?
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Can I Make Money Running a Lightning Node?
Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
What is the release date for Lightning on Mainnet?
Would there be any KYC/AML issues with certain nodes?
Nope, because there is no custody ever involved. It's just like forwarding packets. -- Source
What is the delay time for the recipient of a transaction receiving confirmation?
Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- Source
How does the lightning network prevent centralization?
How would the lightning network work between exchanges?
Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: Google Doc - Lightning Exchanges Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- Source
How do lightning nodes find other lightning nodes?
Does every user need to store the state of the complete Lightning Network?
According to Rusty's calculations we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- Source
Would I need to download the complete state every time I open the App and make a payment?
No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- Source
What needs to happen for the Lightning Network to be deployed and what can I do as a user to help?
Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above. All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- Source
Is there anyway for someone who isn't a developer to meaningfully contribute?
Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- Source
Do I need to be a miner to be a Lightning Network node?
Do I need to run a full Bitcoin node to run a lightning node?
lit doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- Source LND uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino
How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)?
Upon opening a channel, the two endpoints first agree on a reserve value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as rustyreddit puts it :-) For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- Source
How many times would someone need to open and close their lightning channels?
You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user. Frequency will depend whether the funds are needed on-chain or more useful on LN. -- Source
Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels?
When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened?
You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- Source
Can Lightning routing fees be changed dynamically, without closing channels?
Yes but it has to be implemented in the Lightning software being used. -- Source
How can you make sure that there will be routes with large enough balances to handle transactions?
You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- Source
How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue?
Price FeedsBesides producing new blocks another very important task of the witness is to feedACCURATEprices into the blockchain. Educational material on how this can be implemented is available in scripts/pricefeed atgithub (//xeroc/python-graphenelib/) together with the corresponding documentation.*
The following post by codedaway is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7pwna9 The original post's content was as follows:
This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information. There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!
Lightning Network White Paper - The protocol has changed since this original paper, but covers the mid-level mechanics of the Lightning Network with an emphasis on the smart contracts that make it trustless
Litecoin provides an infrastructure for efficient payments and immutable data storage. While the infrastructure itself is revolutionary, we are still far from unleashing its full potential. Many more applications can be built around Litecoin. In order to facilitate easier application development and adoption, I propose a plugin framework based on the existing Litecoin Qt program. Litecoin Qt is an "official" full Litecoin node with an easy to use graphical user interface (GUI) that can be used by those who are not technically savvy. It mainly functions as a Litecoin wallet to send and receive Litecoins. As a wallet, Litecoin Qt does not really provide much advantage compared with lightweight wallets like Electrum-LTC. However, Litecoin Qt is the only available Litecoin full node with a nice GUI, and these properties make Litecoin Qt the ideal platform for supporting a plugin framework to host applications because many applications will need Litecoin blockchain data and an easy to use graphical interface to be suitable for normal users. I list a few interesting example applications here and hope these will stimulate more ideas.
USDT is a token on top of Bitcoin blockchain and backed by USD. It is used by some major exchanges like Poloniex and Bitfinex. Technically, all data related to the token is stored on Bitcoin blockchain using OP_RETURN transactions. However, it is obvious that Litecoin is much more suitable for this job because of its much lower transaction fee and faster confirmation. While USDT makes USD much more usable on the Internet, it does not really have an easy to use wallet. I think a plugin for Litecoin Qt that scans OP_RETURN data and finds USDT related transactions and makes OP_RETURN transactions to send USDT can become an easy to use wallet. Many similar plugins depending on OP_RETURN transactions can be built. For example, a plugin can be used to send holiday (e.g. Valentine's day) wishes to the Litecoin blockchain, which thus lasts as long as Litecoin itself.
Efficient and decentralized CoinJoin
CoinJoin is an effective way for providing fungibility and anonymity to Litecoin users. CoinJoin services for Bitcoin are already available through centralized websites like https://bitmixer.io/ or decentralized standalone programs like https://github.com/JoinMarket-Org/joinmarket. While a decentralized program provides better anonymity and security, it incurs a cumbersome downloading and installation process, limiting its usage. Compared with a standalone program, a CoinJoin plugin on Litecoin Qt is more available and much easier to install and use. Litecoins can be easily transferred from the Litecoin Qt wallet to the CoinJoin network for mixing and back to other addresses in the wallet with just one click. Another advantage of making such a CoinJoin function a plugin instead of part of Litecoin Qt itself is that a plugin avoids potential legal issues. Some governments could potentially ban coins that provide complete anonymity within their protocol. Such a plugin avoids this issue and provides good anonymity and also keeps the Litecoin protocol simple.
Easier service consumption
Service providers like music streaming companies can provide plugins for users to easily pay for their services. Registration is not needed, and authentication can be done by automatically signing a token provided by the service provider using an address' private key in the wallet. Payments can be finished by simply clicking one button, and then Litecoins will be transferred to the service provider.
Implementation of such a plugin framework requires a capable and secure plugin language. A good candidate is Lua. Lua is a widely used plugin language because of its easiness to embed, fast execution, and short learning curve. Communication between the plugins and Litecoin Qt can be done through either Litecoin Qt's standard RPCs or C++ APIs specifically exposed by the plugin framework. In order to forbidden plugins stealing wallets, plugins need to be sandboxed so that visiting local file systems (excluding locations for temporary files) should be disabled. While this is difficult for many script languages including Python, Lua can achieve it relatively easily. Beside that, only open source plugins shall be trusted until we have enough confidence on the framework's security. This gives an example application with Lua plugins: https://john.nachtimwald.com/2014/08/16/extending-an-application-with-lua-plugins/. A Lua plugin for Litecoin Qt should be similar.
user-circle-based rights management: Browsable file sharing rights to circles. For example Browsable music directorys only to family, Browseable picture directory to only Friends, Browsable CC-media to all RS-Friends, non-browseable files as anon share to all friends and friends of friends.
Find new friends in public chat lobbys. depending on your
post your public-certificate as link into the chatroom or share it for example with cryptobin.org in a separate chat like crypto.cat
ChatServer / IntroServer for making new Friends
paste your certificate to the chatserver and copy the certificate of the chatserver and add it to your friends. After that the chatserver will connect as a friend. No data transfedownloading, the chatserver advertises only public chatlobbys
#1 chatserver F2F-fr IntroServeChatserver to get access to 4 chatlobbys (Chatserver FR, Chatserver DE, Chatserver ES, Chatserver EN) from the chatserver. The F2F-fr chatserver discards every ~3 days all his certificates and you have to re-enter your certificate to the chatserver if you want to rejoin.
#2 Chatserver RetroShare-Chatserver- acts on a FIFO Basis and keeps only the last 100 entered certificates as a friend to connect with. There is no need for reconnect every three days. Better is to connect to both. he will kick you if another 100 user add their certificate
Bitcoin Core 0.10.0 released | Wladimir | Feb 16 2015
Wladimir on Feb 16 2015: Bitcoin Core version 0.10.0 is now available from: https://bitcoin.org/bin/0.10.0/ This is a new major version release, bringing both new features and bug fixes. Please report bugs using the issue tracker at github: https://github.com/bitcoin/bitcoin/issues The whole distribution is also available as torrent: https://bitcoin.org/bin/0.10.0/bitcoin-0.10.0.torrent magnet:?xt=urn:btih:170c61fe09dafecfbb97cb4dccd32173383f4e68&dn;=0.10.0&tr;=udp%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.publicbt.com%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.ccc.de%3A80%2Fannounce&tr;=udp%3A%2F%2Ftracker.coppersurfer.tk%3A6969&tr;=udp%3A%2F%2Fopen.demonii.com%3A1337&ws;=https%3A%2F%2Fbitcoin.org%2Fbin%2F Upgrading and downgrading How to Upgrade If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer (on Windows) or just copy over /Applications/Bitcoin-Qt (on Mac) or bitcoind/bitcoin-qt (on Linux). Downgrading warning Because release 0.10.0 makes use of headers-first synchronization and parallel block download (see further), the block files and databases are not backwards-compatible with older versions of Bitcoin Core or other software:
Blocks will be stored on disk out of order (in the order they are
received, really), which makes it incompatible with some tools or other programs. Reindexing using earlier versions will also not work anymore as a result of this.
The block index database will now hold headers for which no block is
stored on disk, which earlier versions won't support. If you want to be able to downgrade smoothly, make a backup of your entire data directory. Without this your node will need start syncing (or importing from bootstrap.dat) anew afterwards. It is possible that the data from a completely synchronised 0.10 node may be usable in older versions as-is, but this is not supported and may break as soon as the older version attempts to reindex. This does not affect wallet forward or backward compatibility. Notable changes Faster synchronization Bitcoin Core now uses 'headers-first synchronization'. This means that we first ask peers for block headers (a total of 27 megabytes, as of December 2014) and validate those. In a second stage, when the headers have been discovered, we download the blocks. However, as we already know about the whole chain in advance, the blocks can be downloaded in parallel from all available peers. In practice, this means a much faster and more robust synchronization. On recent hardware with a decent network link, it can be as little as 3 hours for an initial full synchronization. You may notice a slower progress in the very first few minutes, when headers are still being fetched and verified, but it should gain speed afterwards. A few RPCs were added/updated as a result of this:
getblockchaininfo now returns the number of validated headers in addition to
the number of validated blocks.
getpeerinfo lists both the number of blocks and headers we know we have in
common with each peer. While synchronizing, the heights of the blocks that we have requested from peers (but haven't received yet) are also listed as 'inflight'.
A new RPC getchaintips lists all known branches of the block chain,
including those we only have headers for. Transaction fee changes This release automatically estimates how high a transaction fee (or how high a priority) transactions require to be confirmed quickly. The default settings will create transactions that confirm quickly; see the new 'txconfirmtarget' setting to control the tradeoff between fees and confirmation times. Fees are added by default unless the 'sendfreetransactions' setting is enabled. Prior releases used hard-coded fees (and priorities), and would sometimes create transactions that took a very long time to confirm. Statistics used to estimate fees and priorities are saved in the data directory in the fee_estimates.dat file just before program shutdown, and are read in at startup. New command line options for transaction fee changes:
-txconfirmtarget=n : create transactions that have enough fees (or priority)
so they are likely to begin confirmation within n blocks (default: 1). This setting is over-ridden by the -paytxfee option.
-sendfreetransactions : Send transactions as zero-fee transactions if possible
(default: 0) New RPC commands for fee estimation:
estimatefee nblocks : Returns approximate fee-per-1,000-bytes needed for
a transaction to begin confirmation within nblocks. Returns -1 if not enough transactions have been observed to compute a good estimate.
estimatepriority nblocks : Returns approximate priority needed for
a zero-fee transaction to begin confirmation within nblocks. Returns -1 if not enough free transactions have been observed to compute a good estimate. RPC access control changes Subnet matching for the purpose of access control is now done by matching the binary network address, instead of with string wildcard matching. For the user this means that -rpcallowip takes a subnet specification, which can be
a single IP address (e.g. 18.104.22.168 or fe80::0012:3456:789a:bcde)
a network/CIDR (e.g. 22.214.171.124/24 or fe80::0000/64)
a network/netmask (e.g. 126.96.36.199/255.255.255.0 or fe80::0012:3456:789a:bcde/ffff:ffff:ffff:ffff:ffff:ffff:ffff:ffff)
An arbitrary number of -rpcallow arguments can be given. An incoming connection will be accepted if its origin address matches one of them. For example: | 0.9.x and before | 0.10.x | |--------------------------------------------|---------------------------------------| | -rpcallowip=192.168.1.1 | -rpcallowip=192.168.1.1 (unchanged) | | -rpcallowip=192.168.1.* | -rpcallowip=192.168.1.0/24 | | -rpcallowip=192.168.* | -rpcallowip=192.168.0.0/16 | | -rpcallowip=* (dangerous!) | -rpcallowip=::/0 (still dangerous!) | Using wildcards will result in the rule being rejected with the following error in debug.log:
Error: Invalid -rpcallowip subnet specification: *. Valid are a single IP (e.g. 188.8.131.52), a network/netmask (e.g. 184.108.40.206/255.255.255.0) or a network/CIDR (e.g. 220.127.116.11/24).
REST interface A new HTTP API is exposed when running with the -rest flag, which allows unauthenticated access to public node data. It is served on the same port as RPC, but does not need a password, and uses plain HTTP instead of JSON-RPC. Assuming a local RPC server running on port 8332, it is possible to request:
In every case, EXT can be bin (for raw binary data), hex (for hex-encoded binary) or json. For more details, see the doc/REST-interface.md document in the repository. RPC Server "Warm-Up" Mode The RPC server is started earlier now, before most of the expensive intialisations like loading the block index. It is available now almost immediately after starting the process. However, until all initialisations are done, it always returns an immediate error with code -28 to all calls. This new behaviour can be useful for clients to know that a server is already started and will be available soon (for instance, so that they do not have to start it themselves). Improved signing security For 0.10 the security of signing against unusual attacks has been improved by making the signatures constant time and deterministic. This change is a result of switching signing to use libsecp256k1 instead of OpenSSL. Libsecp256k1 is a cryptographic library optimized for the curve Bitcoin uses which was created by Bitcoin Core developer Pieter Wuille. There exist attacks against most ECC implementations where an attacker on shared virtual machine hardware could extract a private key if they could cause a target to sign using the same key hundreds of times. While using shared hosts and reusing keys are inadvisable for other reasons, it's a better practice to avoid the exposure. OpenSSL has code in their source repository for derandomization and reduction in timing leaks that we've eagerly wanted to use for a long time, but this functionality has still not made its way into a released version of OpenSSL. Libsecp256k1 achieves significantly stronger protection: As far as we're aware this is the only deployed implementation of constant time signing for the curve Bitcoin uses and we have reason to believe that libsecp256k1 is better tested and more thoroughly reviewed than the implementation in OpenSSL.  https://eprint.iacr.org/2014/161.pdf Watch-only wallet support The wallet can now track transactions to and from wallets for which you know all addresses (or scripts), even without the private keys. This can be used to track payments without needing the private keys online on a possibly vulnerable system. In addition, it can help for (manual) construction of multisig transactions where you are only one of the signers. One new RPC, importaddress, is added which functions similarly to importprivkey, but instead takes an address or script (in hexadecimal) as argument. After using it, outputs credited to this address or script are considered to be received, and transactions consuming these outputs will be considered to be sent. The following RPCs have optional support for watch-only: getbalance, listreceivedbyaddress, listreceivedbyaccount, listtransactions, listaccounts, listsinceblock, gettransaction. See the RPC documentation for those methods for more information. Compared to using getrawtransaction, this mechanism does not require -txindex, scales better, integrates better with the wallet, and is compatible with future block chain pruning functionality. It does mean that all relevant addresses need to added to the wallet before the payment, though. Consensus library Starting from 0.10.0, the Bitcoin Core distribution includes a consensus library. The purpose of this library is to make the verification functionality that is critical to Bitcoin's consensus available to other applications, e.g. to language bindings such as [python-bitcoinlib](https://pypi.python.org/pypi/python-bitcoinlib) or alternative node implementations. This library is called libbitcoinconsensus.so (or, .dll for Windows). Its interface is defined in the C header [bitcoinconsensus.h](https://github.com/bitcoin/bitcoin/blob/0.10/src/script/bitcoinconsensus.h). In its initial version the API includes two functions:
bitcoinconsensus_verify_script verifies a script. It returns whether the indicated input of the provided serialized transaction
correctly spends the passed scriptPubKey under additional constraints indicated by flags
bitcoinconsensus_version returns the API version, currently at an experimental 0
The functionality is planned to be extended to e.g. UTXO management in upcoming releases, but the interface for existing methods should remain stable. Standard script rules relaxed for P2SH addresses The IsStandard() rules have been almost completely removed for P2SH redemption scripts, allowing applications to make use of any valid script type, such as "n-of-m OR y", hash-locked oracle addresses, etc. While the Bitcoin protocol has always supported these types of script, actually using them on mainnet has been previously inconvenient as standard Bitcoin Core nodes wouldn't relay them to miners, nor would most miners include them in blocks they mined. bitcoin-tx It has been observed that many of the RPC functions offered by bitcoind are "pure functions", and operate independently of the bitcoind wallet. This included many of the RPC "raw transaction" API functions, such as createrawtransaction. bitcoin-tx is a newly introduced command line utility designed to enable easy manipulation of bitcoin transactions. A summary of its operation may be obtained via "bitcoin-tx --help" Transactions may be created or signed in a manner similar to the RPC raw tx API. Transactions may be updated, deleting inputs or outputs, or appending new inputs and outputs. Custom scripts may be easily composed using a simple text notation, borrowed from the bitcoin test suite. This tool may be used for experimenting with new transaction types, signing multi-party transactions, and many other uses. Long term, the goal is to deprecate and remove "pure function" RPC API calls, as those do not require a server round-trip to execute. Other utilities "bitcoin-key" and "bitcoin-script" have been proposed, making key and script operations easily accessible via command line. Mining and relay policy enhancements Bitcoin Core's block templates are now for version 3 blocks only, and any mining software relying on its getblocktemplate must be updated in parallel to use libblkmaker either version 0.4.2 or any version from 0.5.1 onward. If you are solo mining, this will affect you the moment you upgrade Bitcoin Core, which must be done prior to BIP66 achieving its 951/1001 status. If you are mining with the stratum mining protocol: this does not affect you. If you are mining with the getblocktemplate protocol to a pool: this will affect you at the pool operator's discretion, which must be no later than BIP66 achieving its 951/1001 status. The prioritisetransaction RPC method has been added to enable miners to manipulate the priority of transactions on an individual basis. Bitcoin Core now supports BIP 22 long polling, so mining software can be notified immediately of new templates rather than having to poll periodically. Support for BIP 23 block proposals is now available in Bitcoin Core's getblocktemplate method. This enables miners to check the basic validity of their next block before expending work on it, reducing risks of accidental hardforks or mining invalid blocks. Two new options to control mining policy:
-datacarrier=0/1 : Relay and mine "data carrier" (OP_RETURN) transactions
if this is 1.
-datacarriersize=n : Maximum size, in bytes, we consider acceptable for
"data carrier" outputs. The relay policy has changed to more properly implement the desired behavior of not relaying free (or very low fee) transactions unless they have a priority above the AllowFreeThreshold(), in which case they are relayed subject to the rate limiter. BIP 66: strict DER encoding for signatures Bitcoin Core 0.10 implements BIP 66, which introduces block version 3, and a new consensus rule, which prohibits non-DER signatures. Such transactions have been non-standard since Bitcoin v0.8.0 (released in February 2013), but were technically still permitted inside blocks. This change breaks the dependency on OpenSSL's signature parsing, and is required if implementations would want to remove all of OpenSSL from the consensus code. The same miner-voting mechanism as in BIP 34 is used: when 751 out of a sequence of 1001 blocks have version number 3 or higher, the new consensus rule becomes active for those blocks. When 951 out of a sequence of 1001 blocks have version number 3 or higher, it becomes mandatory for all blocks. Backward compatibility with current mining software is NOT provided, thus miners should read the first paragraph of "Mining and relay policy enhancements" above. 0.10.0 Change log Detailed release notes follow. This overview includes changes that affect external behavior, not code moves, refactors or string updates. RPC:
f923c07 Support IPv6 lookup in bitcoin-cli even when IPv6 only bound on localhost
b641c9c Fix addnode "onetry": Connect with OpenNetworkConnection
31 July 2011 David Steele @dsteele (+)[email protected] Exchange Digital Money using Bitcoin and Python Bitcoin Core is extensively tested on multiple operating systems using the Linux kernel, macOS 10.10+, and Windows 7 and newer (Windows XP is not supported). Bitcoin Core should also work on most other Unix-like systems but is not frequently tested on them. A GUI and standalone, cross-platform app for the counterparty exchange protocol built atop bitcoin - btcfanatic/xcp-gui Bitcoin software exists in two forms: a GUI application and a background application (daemon on Unix, service on Windows). Programs can be remotely controlled using the JSON-RPC protocol , the corresponding classes for PHP5 are developed. This allows to connect several miners to one node, create user’s own pool; link the site to the website. Contents. 1 What Is Bitcoind; 2 How it Works. 2.1 ... The Meaning of Bitcoin Mining Software. Assuming that you already have at least minor knowledge in Bitcoin Mining Hardware, we will now be tackling the best Bitcoin Mining Software. While they differ on process handling, both of them have the same importance in terms of Bitcoin mining. If you are doing it by your own, the BTC mining software will then connect to your blockchain. Whereas, if ...
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