Posts
Lyberry Blog
Cancel

How Mining fees Work in Bitcoin

Here’s an overview of what happens when you make a transaction: When you broadcast a transaction, it must be sent from a node to all its peers. Each transaction has a fee rate measured in sats per...

The Security Optimization of Proof of Work

Bitcoin will be successfully attacked because it’s security is trending down despite rising hashrate. It must suffer an assault (perhaps multiple blows) in order to correctly price the minimum cost...

Batch Open Lightning Channels with Balance of Satoshis (BoS)

If you operate a Lightning Network node for profit, one of your biggest costs are on chain channel opening fees. Exchanges have been batching bitcoin transactions for years. Batching transactions i...

Ownership and Identity in a Post-Truth Society

How many hours have you spent on hold with your bank or credit card company? Navigating through phone menus, listening to robotic monologues telling you how much they care about you while they wast...

Your Decentralized App Doesn't Need a Blockchain

The Lightning Network ecosystem is expanding to include all kinds of nifty websites and apps. Most of these apps are on central servers. They use LNfor its paymentss ability, not to make a distrib...