Challenges and the future of Bitcoins's Lightning Network
Details
Session 1:
A Cryptoeconomic Traffic Analysis of Bitcoin's Lightning Network
Bitcoin miners are rewarded with block rewards and transaction fees to maintain the Bitcoin blockchain. Similarly, router nodes (those forwarding payments in the Lightning Network (LN)) are compensated with transaction fees. However it is not well understood whether this financial incentive is comparable to the miner's incentives. Ferenc will talk about how much currently routers gain from providing services on the Lightning Network and why little financial incentives are problematic. In this talk we will also hear about more the privacy shortcomings of LN.
About Ferenc Beres:
PhD student in Computer Science who works at the Informatics Laboratory of the Institute for Computer Science and Control (SZTAKI). His area of research is temporal network analysis.
Session 2:
Recent advancements and developments in the Lightning Network and future perspectives
Silur is going to cover the most important recent developments in the Lightning Network and their importance. Namely, he will touch upon atomic multipath payments, channel factories splicing and submarine swaps. If you're interested in these new cryptographic protocols then you should definitely attend :)
About Silur:
Silur is an expert in lattice-based and non-commutative cryptography. He made valuable contributions to the Ethereum and Monero projects.
Do not forget to schedule some time for a beer afterwards, celebrating the first year of the Open Blockchain Community!