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c13n - Lightning Network - Greek Bitcoin Meetup.pdf
- 1. Lightning Network Greek Bitcoin Meetup Block #742991
- 3. Bitcoin
- 4. Bitcoin
- 5. Bitcoin ~2500 TX / block 1 block / ~10mins
- 8. Channel
- 9. Channel
- 10. Channel
- 11. Channel
- 12. Channel Open
- 13. Channel Open
- 14. Channel Open
- 15. Channel Close
- 16. Channel Close
- 17. Channel Close
- 20. Channel Close (bad) High fee + locktime High fee
- 21. Locktime?
- 22. Locktime?
- 23. Locktime?
- 24. Penalty
- 25. Penalty I have a TX!
- 26. Penalty I have a TX! +locktime
- 27. Penalty I have a TX! +locktime
- 29. Hash Time Lock Contract Show me secret: You get +1 coin 75 blocks: You get nothing secret
- 30. Hash Time Lock Contract Show me secret: You get +1 coin 75 blocks: You get nothing Show me secret: You get +1 coin 50 blocks: You get nothing secret
- 31. Hash Time Lock Contract Show me secret: You get +1 coin 75 blocks: You get nothing Show me secret: You get +1 coin 50 blocks: You get nothing Show me secret: You get +1 coin 25 blocks: You get nothing secret
- 32. Hash Time Lock Contract Show me secret: You get +1 coin Timeout: You get nothing Show me secret: You get +1 coin Timeout: You get nothing secret
- 33. Hash Time Lock Contract Show me secret: You get +1 coin Timeout: You get nothing secret secret
- 34. Hash Time Lock Contract secret secret secret
- 35. sha256(secret) = payment_hash Secret & Invoices
- 36. sha256(secret) = payment_hash 1 bitcoin Invoice Secret & Invoices
- 37. Secret & Invoices sha256(secret) = payment_hash 1 bitcoin Invoice
- 41. c13n.io
- 42. c13n.io Layer 2 Resources BITCOIN Liquidity LIGHTNING NODE 1. Compute 2. Bandwidth 3. Storage
- 43. c13n.io Layer 2 Resources LIGHTNING NODE 1. Compute 2. Bandwidth 3. Storage BITCOIN Liquidity PAYMENTS with Data
- 44. c13n.io Data over Lightning 1. Transfer small & valuable data securely 2. Authenticate the sender (node id) 3. Verify the message (signature) 4. Allow protocol structures & authorization models
- 45. c13n.io Data over Lightning + + Sender pushes sats + data Receiver gets sats + data
- 46. c13n.io There are restrictions ● Streaming or large data is off the table ● Edges need to “speak” the same language ● Communication must be efficient
- 47. INFRA- STRUCTURE Network & Liquidity On-boarding Bridges (OpenAI, Twilio) File Storage & Retrieval Directory Services FINTECH Instant Payments Recurring Payments Streaming Payments Data/AV Feeds, Car Charging & Tolls CONTENT CREATORS Pay-as-you-go APIs Pay for Content Subscriptions c13n.io Use-case landscape COMMUNICATIONS Autonomous IoT Fleets Converged Social & Fintech Apps Messaging Apps ATTENTION ECONOMY Get paid for Ads Pay-to-avoid Ads Polls & Surveys TRUST-MINIMIZED COMPUTING Serverless Compute Oracles Futures & Derivatives
- 48. c13n.io Infrastructure Use-cases Messaging over LN Key Storage over LN pay sats to store secrets Bulletin Board Check @GeorgeTsag Twitter video P2P oracle services Retrieve real-world “truth” - smart contracts Channel requests over LN Offers without Bolt12 P2P node scoring by querying neighbours Locally calculate score P2P submarine swaps
- 49. c13n.io What is c13n… An open-source solution on how nodes can read/write data over sats: c13n-go ● Based on node API (currently LND) ● Efficient & secure data encapsulation in LN payments ● Long-running low-footprint nature (by choice) ● Data+Payment oriented API over LN node
- 50. c13n.io What keeps us busy ● Two specs (“DataSig” & “DataStruct”). TBR in lightning-dev and BLIP repo ● Client-side library (JS) for applications following this framework ● PoC services to demonstrate functionality & revenue schemes ○ Oracles ○ Bulletin Board ○ KeyStorage ● Reaching out to the community to show off possibilities & raise awareness
- 51. c13n.io Extra Resources c13n - https://c13n.io, https://docs.c13n.io, https://github.com/c13n-io/c13n-go LN Resources - https://www.lopp.net/lightning-information.html LN Research - https://arcane.no/research/reports/the-state-of-lightning-volume-2 Tech Newsletter - https://bitcoinops.org Questions? ;)
- 52. c13n.io Meme 1
- 53. c13n.io Meme 2