Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Blockchain Dev Calls for Radical Changes to Counter Critical Lightning Network Attacks

CryptoExpert by CryptoExpert
October 23, 2023
in Bitcoin News
0
Blockchain Dev Calls for Radical Changes to Counter Critical Lightning Network Attacks
  • Facebook
  • Twitter
  • Pinterest



You might also like

Strategy Holds Preferred STRC Dividend at 12% as Price Still Below Par

Russia Goes After Durov, Bessent Slams CLARITY Opponents, and More

Analyst Blasts Strategy After CEO Signals New Priority Beyond Bitcoin

Renowned blockchain developer Antoine Riard has issued an urgent plea for updates to Bitcoin’s source code.

Antoine Riard’s research paper delves into the critical vulnerabilities within the Lightning Network, shedding light on a particular category of transaction-relay jamming attacks known as “replacement cycling.”

Replacement Cycling Attacks on the Lightning Network

The Lightning Network was created to solve Bitcoin’s scalability problems. However, Riard’s paper describes a new type of attack called replacement cycling, which can effectively steal funds from Lightning channels. Unlike other known attacks, replacement cycling doesn’t need extensive computational power or interference at the network level.

According to Riard’s research, it is possible to completely take control of the channel capacity of Lightning routing hops in specific situations. An attacker can interfere with the transaction relay on the base-layer Bitcoin network, manipulating the fee-bumping mechanism to purposely delay or prevent the confirmation of other transactions. This type of attack is particularly concerning because it can be executed regardless of network congestion.

Betfury

The vulnerability has serious implications for the broader Bitcoin ecosystem, which boasts at least 50,000 nodes running the BTC protocol as of October 2023. This flaw could undermine trust in second-layer solutions like the Lightning Network, which is crucial for Bitcoin’s scalability and adoption.

Proposed Solutions and Future Steps

Riard’s paper outlines a series of mitigations at both the Lightning Network and Bitcoin base-layer levels. These include local mempool monitoring, aggressive rebroadcasting strategies, and transaction-relay and mempool rule changes. However, the blockchain developer states that the existing mitigations implemented by major Lightning implementations are insufficient against advanced adversaries.

Riard calls for fundamental changes in Bitcoin’s source code to prevent such vulnerabilities. “This isn’t about patchwork fixes anymore. We need foundational changes in the Bitcoin source code to secure the Lightning Network effectively,” he stated. “It’s a call to action for all of us in the blockchain community to rethink and re-engineer how Bitcoin and Lightning Network interact,” Riard concluded.

The study also introduces a unique transaction-relay jamming attack category that impacts existing and upcoming protocol versions. Uniquely, these practical attacks enable the unauthorized extraction of money from Lightning channels without network mempool congestion, simplifying the conditions required for a sophisticated Lightning attack.

The attacks can target all funds up to the permitted in-flight HTLC value. A modified form of this attack could also compromise future peer-to-peer extension package relays.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Strategy Holds Preferred STRC Dividend at 12% as Price Still Below Par

by CryptoExpert
August 2, 2026
0
Cointelegraph

While Strategy’s preferred STRC shares ended July well below their $100 par value, investors were told that their August dividend will not increase, holding at 12%.Executive chairman Michael...

Read more

Russia Goes After Durov, Bessent Slams CLARITY Opponents, and More

by CryptoExpert
August 2, 2026
0
Russia Goes After Durov, Bessent Slams CLARITY Opponents, and More

Key TakeawaysBessent demanded a CLARITY vote as Satoshi’s quote turned 16, keeping crypto rules in focus.CME Group targets the $650B sports market with futures, expanding prediction-style trading.Aave will...

Read more

Analyst Blasts Strategy After CEO Signals New Priority Beyond Bitcoin

by CryptoExpert
August 2, 2026
0
Analyst Blasts Strategy After CEO Signals New Priority Beyond Bitcoin

Strategy's CEO warned on Friday that the company might sell up to $5 billion in BTC. It was precisely six years ago when a rather unknown company...

Read more

Galaxy Maps Coldcard Bitcoin Losses After Wallet Incident

by CryptoExpert
August 1, 2026
0
Cointelegraph

Latest NewsPublishedAug 1, 2026Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.Galaxy Research, the research...

Read more

Sygnum Bank’s B2B Model Fuels Switzerland’s Crypto Boom – Bitcoin News

by CryptoExpert
August 1, 2026
0
Sygnum Bank's B2B Model Fuels Switzerland's Crypto Boom – Bitcoin News

Key TakeawaysBancastato added bitcoin (BTC), ethereum (ETH), litecoin (LTC) and solana (SOL) without a separate exchange.Sygnum powers 25+ banks, signaling regulated crypto adoption is spreading across Switzerland.About 20...

Read more
Next Post
The Appeal of Bitcoin ETFs: Will the SEC Give the Green Light in 2023 or 2024?

Will the SEC Approve Bitcoin ETFs in 2023 or 2024?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 63,632.00
ethereum
Ethereum (ETH) $ 1,894.70
tether
Tether (USDT) $ 0.999089
bnb
BNB (BNB) $ 589.91
usd-coin
USDC (USDC) $ 0.999331
xrp
XRP (XRP) $ 1.09
solana
Solana (SOL) $ 74.03
tron
TRON (TRX) $ 0.326999
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?