Tuesday, July 13th 2021 - Issue #1032

An LDK implementation has been spotted in the wild

Here's something really cool to see, a Lightning Development Kit implementation in the wild from the Blue Wallet team. For those of you who need a refresher or may be completely unaware, the Lightning Development Kit (LDK) is a Lightning Network implementation written in Rust, which has been the focus of the Square Crypto team for some time now. The Square Crypto team officially launched LDK a few weeks ago and it seems like the Blue Wallet team moved quickly to build a wallet using the implementation.

A few cool things about the LDK that are mentioned above are the ability to fund channels straight from hardware wallets using PSBTs, only needing a seed phrase to restore your Lightning wallet, and cross device wallet capabilities. These functionalities are incredible improvements to the security and UX of interacting with a Lightning wallet for individual users. On top of this, it seems like the design decision to build this in Rust, a very powerful programing language from what I'm told, has enabled material improvements to syncing the wallet.

It's still the early days of LDK in the wild but at first glance things seems pretty promising. As time goes on, it will be interesting to see how much traction LDK gets and how the multiple of Lightning Network implementations interact, complement, and/or compete with each other. Will the market coalesce around one or a few implementations or will each have its own place in the market for specific use cases? Time will tell.

Final thought...

Leg day is essential.

Share

Forward

Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:

Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Marty's Ƀent - July 13th, 2021 - Issue #1032

An LDK implementation has been spotted in the wild

Older messages

Marty's Ƀent - July 12th, 2021 - Issue #1031

The Sat Standard - Bitcoin Weekly - July 10th 2021

Marty's Ƀent - July 7th, 2021 - Issue #1028

Marty's Ƀent - July 8th, 2021 - Issue #1029

Marty's Ƀent - July 9th, 2021 - Issue #1030

You Might Also Like

Texas doubles down on crypto with new $250 million Bitcoin reserve bill

How-ey Can Get Out of Here

February CEX Data Report: Significant Decline in Trading Volume Across Major CEXs - Spot Down 21%, Derivatives Dow…

El Salvador defies IMF, continues Bitcoin purchases amid market downtrend

🖊️ Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO …

Vitalik TAKO AMA: ETH Positioning, Sequencer Centralization, L1 vs L2, Governance, and Success Metrics

Donald Trump Creates U.S. Bitcoin Reserve

Bitcoin’s realized volatility surges in as traders face extreme price swings

Asia's weekly TOP10 crypto news (Mar 3 to Mar 9)

Trump declares end to ‘war on crypto,’ vows to propel America to Bitcoin supremacy