Peter R. RizunVisualizing HTLCs and the Lightning Network’s Dirty Little SecretA Lightning channel can be thought of as a string of beads stretched between two people. Referring to Fig. 1, Alice can pay Bob by pushing…10 min read·Mar 28, 2019--5--5
Peter R. RizunWhy you should resign from Bitcoin UnlimitedYou should resign from Bitcoin Unlimited if any of the following resonate with you:3 min read·Mar 27, 2019--3--3
Peter R. RizunUnderstanding the cost of trapped liquidity in the Lightning Network, Part 1Yesterday, I posted a quiz on Twitter to explore the cost of liquidity trapped in a channel on the Lightning Network. In this article, we…3 min read·Mar 21, 2019--1--1
Peter R. RizunThe answer to yesterday’s Lightning Network Quiz was “(A) 1 coin”Yesterday I posted a quiz on Twitter about routing payments across the Lightning Network.4 min read·Mar 16, 2019--1--1
Peter R. RizunBitcoin Unlimited is hiring a web developerBitcoin Unlimited (BU) is hiring a full-time web developer. His or her duties will include maintaining and adding new functionality to the…2 min read·Jan 21, 2018----
Peter R. Rizun[POSTPONED] Bitcoin network upgrade at block 494,784In order to reduce transaction fees, improve confirmation reliability, and provide additional capacity for the growing number of bitcoin…3 min read·Oct 26, 2017--8--8
Peter R. RizunA Short Note on the Silbert AccordThe best part of the Silbert Accord is that it was negotiated between the relevant parties: the producers of block space (miners) and the…2 min read·May 25, 2017--4--4
Peter R. RizunOn the emerging consensus regarding Bitcoin’s block size limit: insights from my visit with…“The upgrade to larger blocks must be decisive and absolute.”9 min read·Mar 23, 2017--28--28
Peter R. RizunWhat we’re doing with Bitcoin Unlimited, simplyBitcoin has no center. It has no Board of Directors. It has no CEO, no President, no Chieftain, Sheik or Shah. Bitcoin is a decentralized…5 min read·Feb 13, 2017--13--13
Peter R. RizunThe Excessive-Block Gate: How a Bitcoin Unlimited Node Deals With “Large” BlocksBitcoin Unlimited’s consensus layer is concerned with preserving the money property of Bitcoin. Blocks that are potentially problematic to…7 min read·Nov 22, 2016--4--4