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Thursday, September 29, 2022

This Is the Technology That Discovered Private Micropayments in Bitcoin

Privacy is a cornerstone within the bitcoin ecosystem and the other layers are no different. A privacy system is currently being developed that aims to privately pay with bitcoin (BTC) via the Lightning Network.

under the name of private power network (PLN), programmers Tony Ronning and Paul Miller are working on this privacy layer proposal.

en la red lightning communication between nodes To make payment is through channels. Each channel sends a payment invoice which, in turn, contains an identifier (ID) of the issuing channel. This Inadvertently leaks user informationOne red.

PLN is creating a system in which thanks to the root node and dedicated channels, An ID that stores the details of the sending node is not shared.

To increase privacy, PLN network uses hops (better known as payment routing) To increase anonymity. In other words, the payment is not sent directly from the sending node to the receiving node, but instead takes several “hops” across the network to hide the information. Although a direct payment system is allowed, PLN recommends not using it as it will fundamentally break your privacy system.

The application, according to the creators, is being developed in the Flutter software development kit. Its advantage is that once its beta phase is completed, Will be released in both mobile and desktop versions (Windows and Linux) thanks to the versatility offered by the system. In addition, PLN uses the Sensei implementation for bitcoin nodes as the basis, Developed by John Cantrell.

For now, the application is under development. However, there is already a wallet called Rebellion that uses this system.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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