Bitcoin Lightning Network developer updates node software with Taproot support

Lightning Labs, a developer of the Bitcoin (BTC) Lightning Community (LN), launched a beta model of the Lightning Community Daemon (lnd) — an entire implementation of the LN node — with added assist to the most recent protocol upgrades together with Taproot and Musig2, amongst different enhancements.

lnd is a software program element that handles varied facets inside the LN together with managing a database, producing cost invoices and revoking funds, to call a number of. The newest software program launch, named lnd 0.15 beta (v0.15-beta), goals to empower builders to create options for extra use circumstances by leveraging the Bitcoin community’s newest capabilities.

Within the announcement, Lightning Labs’ product progress lead Michael Levin revealed that over 50 contributors participated in launching the corporate’s first launch within the yr 2022, including that:

“This launch provides full Taproot assist for the interior lnd pockets, making it one of the vital superior Taproot wallets immediately. Additional, this launch has assist for an experimental Musig2 API compliant with the most recent BIP draft.”

The first aim of MuSig2, a multi-signature scheme, is to permit for the creation of combination public keys that can be utilized in Taproot outputs, thus, introducing the flexibility to authorize transactions with Schnorr signatures.

Not like earlier variations, the beta launch additionally removes the redundant knowledge from the revocation log bucket, which confirmed a discount of 95% in database measurement throughout preliminary testing. Whereas the replace doesn’t reclaim house for current states, Levin envisioned {that a} follow-up launch could embody a migration function that might reclaim previous disk house.

Staying true to their dedication to make the LN extra dependable, strong, and safe, Lightning Labs launched better management over pathfinding preferences — finally serving to to cut back the transaction charges by figuring out the bottom value route.

Associated: Bitcoin community energy demand falls to 10.65GW as hash charge sees 14% drop

The Bitcoin community recorded the yr 2022’s lowest energy demand of 10.65 gigawatts (GW) on June 25. Consequently, the computing energy for mining BTC blocks got here all the way down to 199.225 exahash per second (EH/s).

Bitcoin community energy demand from 2018-2022. Supply: ccaf.io

The sudden discount in Bitcoin’s energy demand is instantly correlated to the falling hash charge. The mining hash charge corresponds to the computing energy required by BTC miners to efficiently mine a block — a key safety metric.