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…Mar 28, 20195Mar 28, 20195
Peter R. RizunWhy you should resign from Bitcoin UnlimitedYou should resign from Bitcoin Unlimited if any of the following resonate with you:Mar 27, 20193Mar 27, 20193
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…Mar 21, 20191Mar 21, 20191
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.Mar 16, 20191Mar 16, 20191
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…Jan 21, 2018Jan 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…Oct 26, 20178Oct 26, 20178
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…May 25, 20174May 25, 20174
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.”Mar 23, 201728Mar 23, 201728
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…Feb 13, 201713Feb 13, 201713
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…Nov 22, 20164Nov 22, 20164