Australian software programmer and Bitcoin's Lightning Network coder Rusty Russell warned users that "Security issues have been found in various Lightning projects which could cause loss of funds."
On Aug. 30, Russell published a tweet urging LN nodes operators to update their software as soon as possible.
According to the message, his warning concerns all versions of c-lightning prior to 0.7.1, lnd older than 0.7, and eclair up to version 0.3.
Notably, just earlier this month blockchain development company Blockstream announced the release of the version 0.7.2 of its BTC scalability software c-lightning.
"Full details will be released in 4 weeks, please upgrade well before then."
Lightning Network is a second-layer off-chain Bitcoin scalability solution meant to enable instant and near-free BTC payments.
Blockstream's chief strategy officer Samson Mow recently said that Bitcoin is bad for payments, but Lightning Network could solve this.
As Cointelegraph reported earlier this month, Andreas Antonopoulos announced his new "Mastering Lightning Network" book, co-authored by René Pickhardt and Lightning Labs CTO Olaoluwa Osuntokun.
Australian Coder Warns Users of Lightning Network's Vulnerabilities
Published on Aug 31, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.