The Bitcoin LN Protocol BOLT12 - Current status and next steps

https://stacker.news/items/735926/r/rod

#Bitcoin

#LN

#Nostr

#BOLT12

PS. Posting in simple format as well for the non advanced clients that do not support long posts.

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Discussion

Yes please! We need more adoption, now!

I assume the sold outs, the cybercriminals and the traitors working for the three letter agencies are speaking against it and working hard to slow it down or stop it completely with all kind of non sense excuses.

Lucky us Phoenix is doing the good work and this year released an update with BOLT12 🎉

nostr:nevent1qqspkx2dsnamj00fvakd0wacel0ke2s5cey85v87rcgscl2kjz2yq7qpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyq6l8gnv68nhttgkmtvver5wn4yzt87gedrzxz7fvc7gzfujmherzqcyqqqqqqgmax3at

nice read, bookmarking!

nice, didn't know about it, used the links your provided for bolt12.org , and love the protocol features, the ecosystem really needs it.

Wonder why other well funded and organized wallets like nostr:nprofile1qqswe03hyye2jv3msylwkj8cml8d4m9qpc5g0tccrvrrcm86z0kcaggpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtc54uwrd have not implemented BOLT12 yet. Have friends in South America using Aqua, they recommended it to me, checked it out and it is quite cool, fees a bit high to become my day to day LN wallet but very easy to use.

So, as I understand it, BOLT12 will remove the privacy issues on the receiving side while transacting with the LN. Awesome!

Nice article. Been reading your articles and is clear you always try to dumb it down for the non technical audience, which is great, I would have added to the PROs:

1. Support for refunds

2. Onion routing for secure, direct connections

It is a much needed upgrade for the LN. Glad to see in your links so many projects on going.

Good point, didn't want to mention the onion routing but I thought I mentioned the support for refunds, my bad...

Good article/summary.

I use both Phoenix and Zeus as my daily lightning wallets. Phoenix is waaaaaaaay better, despite the privacy trade off.