Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin’s Lightning Network Developer Reveals Bug in Network

Bitcoin’s Lightning Network Developer Reveals Bug in Network

Kelly Cromley by Kelly Cromley
Sep 28, 2019
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

Rusty Russel, developer of Bitcoin Lightning Network (LN), has released the document that elaborates on the network’s bug discovered in August, and also the relevant solution. Russel clarified that the bug became active when funding channels are opened.

The described procedure does not necessitate validation from receivers if a transaction correlates with the one guaranteed by the sender in terms of sum involved and original scriptpubkey.

Scriptpubkey is basically an output transaction script that necessitates exclusive conditions to be followed for a receiver to spend BTC. The file elaborates the process as follows:

“A lightning node accepting a channel must check that the funding transaction output does indeed open the channel proposed. Otherwise an attacker can claim to open a channel but either not pay to the peer, or not pay the full amount. Once that transaction reaches the minimum depth, it can spend funds from the channel. The victim will only notice when it tries to close the channel and none of the commitment or mutual close transactions it has are valid.”

Russel also suggested a way out of the above discussed issue. Once the financing transaction is viewed, peers “must check that the outpoint as described in `funding_created`[1] is a funding transaction output[2] with the amount described in `open_channel`[3].”

The file also cautions that c-lightning versions 0.7.1 or higher carryout the procedures perfectly, stressing users to move to newer versions of their Lightning Nodes.

Olaoluwa Osuntokun, CTO at LN-focused startups Lightning Labs and ACINQ, also asserted to have identified cases of bugs being abused. To prevent the risk of losing funds, Osuntokun stressed users to immediately update to the latest LN versions.

The versions which were found to contain vulnerabilities are Osuntokun, c-lightning nodes version 0.7 and below, LND nodes version 0.7 and below, and eclair nodes version 0.3 and below.

For the first time, two days before, the number of Bitcoin LN nodes hit 10,000. Notably, Andreas Antonopoulos detailed about his latest “Mastering Lightning Network” book, co-authored by René Pickhardt and Lightning Labs CTO Olaoluwa Osuntokun.

Previous Post

Incent Unveils Crypto Payback Scheme To Australian Vehicle Owners

Next Post

New Balance to Employ Cardano Blockchain to Authenticate Product Authenticity

Related Posts

fiserv

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
0

Global financial technology firm Fiserv has revealed plans to introduce its own stablecoin, FIUSD, along with a supporting digital asset...

Midnight Network

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
0

Midnight Network, a privacy-oriented blockchain built on the Cardano infrastructure, has announced an expansive airdrop campaign known as the Glacier...

Kraken

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
0

In a strategic move to merge traditional equity markets with blockchain technology, DeFi Development (DFDV), a decentralized finance firm, has...

tether stablecoin usdt

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
0

Tether has continued its rapid pace of stablecoin expansion by minting an additional $2 billion USDT on the Tron blockchain....

Nexus zkVM

Nexus Launches Final Testnet to Power Verifiable AI Future

by Kelly Cromley
Jun 24, 2025
0

Nexus, a forward-looking blockchain company focused on creating a Layer 1 network tailored for the artificial intelligence (AI) era, has...

delorean web3 marketplace vehicle registrations

DeLorean Unveils World’s First Blockchain Car Reservation System

by Kelly Cromley
Jun 24, 2025
0

The DeLorean Motor Company, famed for its iconic automobile, has launched what it claims to be the world’s first blockchain-powered...

Next Post
New Balance to Employ Cardano Blockchain to Authenticate Product Authenticity

New Balance to Employ Cardano Blockchain to Authenticate Product Authenticity

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

fiserv
Market News

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
Midnight Network
Market News

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
Kraken
Market News

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
tether stablecoin usdt
Market News

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
Nexus zkVM
Market News

Nexus Launches Final Testnet to Power Verifiable AI Future

by Kelly Cromley
Jun 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree