Bitcoin Lightning Network developers plan to rewrite ‘trustless payment’ contracts

posted about 1 month ago
Lightning Network developers are planning to (eventually) completely rewrite an important part of Bitcoin’s Lightning Network. The network is functional today, but it turns out it might make sense to strip out an important part and replace it with new technology to strengthen privacy.

Hashed Timelock Contracts (HTLCs) are an integral piece of the Lightning Network, making it possible to send payments without trusting anyone. Now, developers are exploring replacing them with Point Timelock Contracts (otherwise known as “payment points” or PTLCs), which can do the same thing, they say, but better.
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