Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), launched a beta model of the Lightning Network Daemon (lnd) — a whole implementation of the LN node — with added support to the newest protocol upgrades together with Taproot and Musig2 amongst different enhancements.
lnd is a software part that handles varied features inside the LN together with managing a database, producing fee invoices and revoking funds to call a couple of. The newest software launch, named lnd 0.15 beta (v0.15-beta), goals to empower builders to create options for extra use instances by leveraging the Bitcoin community’s newest capabilities.
Announcing lnd 0.15 beta: To Taproot and Beyond! ♾️
Featuring:
Taproot + Musig2 support for higher privateness + effectivity, Taro quickly™
~95% database area discount for brand new knowledge
️ New pathfinding software to decide on pace vs. price of funds
Read extra: https://t.co/5pavMcpxBg
— Lightning Labs⚡️ (@lightning) June 28, 2022
In 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 release gives complete Taproot support for the internal lnd wallet, making it one of the most advanced Taproot wallets today. Further, this release has support for an experimental Musig2 API compliant with the latest BIP draft.”
The main objective of MuSig2, a multi-signature scheme, is to permit the creation of combination public keys that can be utilized in Taproot outputs, thus, introducing the flexibility to authorize transactions with Schnorr signatures.
Unlike 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. While the replace doesn’t reclaim area for present states, Levin envisioned {that a} follow-up launch might embrace a migration function that would reclaim outdated disk area.
Staying true to their dedication to make the LN extra dependable, strong, and safe, Lightning Labs launched better management over pathfinding preferences — in the end serving to to cut back the transaction charges by figuring out the bottom price route.
Related: 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. As a end result, 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. Source: 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.
