bitcoin optechlighting networkTechnical

Bitcoin Optech #142: Lightning Network Path Selection And Bitcoin Stack Exchange

This week’s Bitcoin Optech newsletter discusses the Lightning Network, Q&A from Bitcoin Stack Exchange and other notable updates.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we’re republishing the latest issue of this newsletter below. Remember to subscribe to receive this content straight to your inbox.This week’s newsletter describes a paper and a short discussion about probabilistic path selection for LN and includes our regular sections with summaries of popular questions and answers from the Bitcoin StackExchange, release and release candidates, and notable changes to Bitcoin infrastructure software.Action itemsUpgrade BTCPay Server to 1.0.7.1: this release fixes “one critical and several low-impact vulnerabilities that affected BTCPay Server versions 1.0.7.0 and older”, according to the project’s release notes.NewsPaper on probabilistic path selection: René Pickhardt posted to the Lightning-Dev mailing list a paper he co-authored with Sergei Tikhomirov, Alex Biryukov, and Mariusz Nowostawski. The paper models a network of channels having a uniform distribution of balances within their respective channel capacity. E.g., for a channel with the capacity of 100 million satoshis between Alice and Bob, the paper assumes all of the following states are equally as likely for that channel, and that the same holds true for every other channel on the network:Image via BitcoinOptechMaking this assumption allows the authors to draw conclusions about the probability that a payment …
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