stimulating bitcoin transactions with onion messages and a flash network
The rapid growth of the Bitcoin network led to a new era of payment processing, which was caused by innovative use of onion messages in the lightning network. But what leads to this process, specifically, how is the direction of messages? In this article, we immerse ourselves into the Bolt4 world, a critical part of the functionality of the Lightning network, and examine the basic drive that allows safe, efficient and stimulate transactions.
Cibul’s messages: Safe and anonymous direction mechanism
The Message Onion system, developed by Nick Szabo and Lightning Network, allows you to send multiple payments in one transaction. This process is achieved by using “Orphan” addresses that are randomly generated and assigned to each payment. These orphans are associated with specific payment trips known as “channels” that allow multiple transactions to be sent.
Bolt4: Cibule routing protocol
Bolt4 is a key protocol for onion messages in the lightning network. It defines rules and algorithms for the direction of payments through the channel tree, ensuring safe, efficient and reliable transfer of funds. Bolt4 works in parallel with a standard bitcoin network, allowing concomitant management of several transactions.
Message direction direction
The stimulation mechanism for the direction of messages in the lightning network is based on a combination of factors:
1 In such cases, the incentives are focused on faster and more reliable transactions.
- The aim of the lightning network is to prevent overload building by stimulating faster transactions.
- Transactive fees : Bolt4 takes into account the time required to spread the transaction through the channel tree, including latency and processing times at the sender’s nodes and receiver.
As stimulated transactions are calculated
When the user initiates a new payment, Lightning calculates the stimulation score, known as the “efficiency score”. This score is based on factors such as:
* transaction permeability : Number of transactions sent in parallel.
* Network Overload : A level of congestion on the channel tree.
* Plate fees
: Total fee generated by transaction.
Efficiency scores are then used to determine the amount of stimulation paid to users who are able to send payments more efficiently. This payment is usually made in Bitcoine and the consignor can claim it within the specified time frame, usually 3 hours or less.
Conclusion
Lightning’s Network of Bitcoins with a revolution in the way we consider safe and efficient payments. The onion system, allowed by Bolt4, provides an unprecedented level of scalability and permeability, while motivating users to send more efficiently sending payments. As the use of the lightning network continues to grow, it is necessary to understand how these mechanisms cooperate to ensure a smooth transaction flow and maximize security for all participating users.
References
- SZABO, N. (2005). βOn-anrphan addresses.β Bitcoin Whitepaper.
- Lightning Network project. (N.D.). Bolt4 protocol overview.
