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September 30, 2023 at 6:34 pm #3402bridgetten67Participant
<br> In that case, you may get BINANCE support from our highly skilled BINANCE Proadvisors. I was looking through the notes and I don’t know if we want to get into the details of each one of these, but some things that stuck out to me from the notes were, “In what way does it not fit LN as it’s currently designed? We noted in the newsletter, “We strongly recommend readers with an interest in transaction relay policy, which affects almost all second-layer protocols, 바이낸스 수수료 read the notes for the insightful feedback provided by LN developers on several ongoing initiatives”. Mike Schmidt: Greg had mentioned DLCs as another potential protocol or different types of protocols that should be considering relay policy, mempool, and getting confirmations. Mike Schmidt: Speaking of some of those improvements, the first item we noted from the summit was Reliable transaction confirmation, which was a discussion that includes package relay, v3 transaction relay, ephemeral anchors, cluster mempool, and a bunch of other topics about getting your transactions relayed and mined. Basically, I think there’s some basic agreement on this line that we’re shooting for with package relay, v3, and ephemeral anchors, where the commitment transaction can get a very nice cleanup and improvement and kind of confirmation requirements, while the rest, there’s still some pinning vectors beyond that with HTLC transaction<br>/p>
Wait till V3 package relay? In addition to the exchange, Binance has implemented numerous other features and tools in the past year. Greg Sanders: Sure. Yeah, so for the past year or so, I’ve been working on an implementation of what’s called Eltoo, which I picked the name LN-Symmetry. So, we would have to introduce the ability for both sides to send the update fee message to change the fees of a commitment transaction. So, that would be enabling us to (a) have to have one that makes the force close bring the fees, and (b) to have zero fees on the commitment transactions themselves. So, making sure that you are actually pinning it and getting more value out of the attack than what you paid to actually make the pinning work is probably quite hard today, especially with the state of the mempool. This centralization creates a massive attack surface for hackers or thieves. And already, with only one side of a channel being able to send that message, it creates a lot of issues, because updating the fee of a commitment transaction while you have a lot of HTLCs in flight can actually make you deep into your<br>e<br>.
For instance, the ‘Sell 1’ level is the nearest ask price on the order book, while the ‘Sell 10’ is the furthest ask price. When it was three months ago and the mempool was really full for a long while with high-fee transactions, then there was an opportunity to do pinning, but I don’t think any attackers were really ready to actually do that. And if mempool stays full with a very high feerate for a few months, then there’s an incentive to start attacking, and I think we should be ready for that before it happens. Crypto copy trading is a winning strategy that will help you effortlessly and quickly start trading like an experienced crypto trader. With future updates to the mempool, hopefully we get around that just basically for free, where any channels that have already updated with v3 and ephemeral anchors will benefit from these other background updates as well. All right. The second segment of the LN Summit notes that we highlighted was Taproot and MuSig2 channels. There is now tons of media to consume if you want to learn more about Bitcoin, from Bitcoin youtube channels to Bitcoin podcasts. And in the interim, you can reduce your exposure by essentially reducing the amount of HTLC exposure you have in total, which is a configurable parameter, which I think all implem<br>t<br>s do now.
Bastien Teinturier: Yeah, I think also one of the reasons we don’t see pinning is that really, it’s harder to pin right now and make it work your while, because right now, commitment transactions do pay some fees. Mark Erhardt: Sorry, I wanted to make the call back here that the proposal with the v3 transactions and the ephemeral anchors, of course, is what allows commitment transactions themselves no longer to have any fees. But others quietly move their servers to another residential location and plug back in. And so, basically it’s looking at what parts would be worth it to get a first cut of updates to the LN spec, and so there’s some back and forth on that. This way, it’s indistinguishable from any other taproot output, whereas right now, funding outputs are witness script hash of 2-of-2 multisig, which is really easy to distinguish onchain. Bastien Teinturier: Okay, so for now, the first thing we are doing with taproot is just moving the funding transactions, the channel output to use the MuSig2 taproot output. Greg Sanders: Well, statechains is another thing that needs – It’s any time-based contract, right? Because it’s one thing to have the code, let’s say, launched and Bitcoin Core nodes get updated, and eventually the network updates enough w<br> you can rely upon it. -
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