The IOTA course is lifting and at the same time Chrysalis is getting closer from day to day. IOTA also wants to introduce Oracle to ensure smooth communication in the Tangle network of the future. What’s behind the upgrades?
The IOTA course is lifting and at the same time Chrysalis is getting closer from day to day. IOTA also wants to introduce Oracle to ensure smooth communication in the Tangle network of the future. What’s behind the upgrades?
The IOTA 1.5 Chrysalis Public Testnet is live. The biggest upgrade in MIOTA history is now within reach – what’s new?
As autonomous driving gets closer, the communication between the vehicles becomes more important. For traffic data such as congestion information could automatically replace cars in the future. This should be conducive to the flow of traffic and reduce congestion.
But it is still a long way to go until self-driving cars dominate the roads. Traffic data, however, does not necessarily have to be automatically transmitted by machine. Finally, the drivers themselves could send traffic jams or information about the road conditions on certain sections to other road users.
The developers of the Lightning Network recommend an immediate upgrade to version 0.11 or higher. All node operators of the Lightning Network who are using an LND version from before October 1st are asked to immediately upgrade to version 0.11. The reason for this is that a security hole was found in LND version 0.10, which also affects all versions before that.
The corresponding security hole was communicated on October 9th by Lightning developer Conner Fromknecht. In this regard, he explains:
“Although we have no reason to believe that this vulnerability is already being exploited, we urge the community to immediately update to LND version 0.11 or higher.”
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Satoshi himself proposed the first version of payment channels [1]. The Lightning Network paper has zero authors from Blockstream [2]. At least two other entirely independent companies are working on Lightning Network implementations [3][4]. It’s well understood how trustless LN transactions work [5]. The spec [6] and code are open source, feel free to look for a “backdoor”.
[1] https://en.bitcoin.it/wiki/Payment_channels#Nakamoto_high-frequency_transactions
[2] https://lightning.network/lightning-network-paper.pdf
[3] https://github.com/lightningnetwork/lnd
[4] https://github.com/ACINQ/eclair
https://github.com/bcongdon/awesome-lightning-network
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