NEW VERSION OF LND CLIENT INCREASED THE LIMIT OF TRANSFERRED FUNDS IN THE LIGHTNING NETWORK

Posted 21 August, 2020

Lightning Labs has released a beta version of the LND v0.11 client, which allows larger bitcoin transactions to be sent on the Lightning Network's second tier.

 

The update supports the so-called Wumbo channels. The title is a reference to an episode of the animated series SpongeBob SquarePants and means the word "big".

 

For security reasons, LND limits the bandwidth to 0.1677 BTC. With v0.11, LND users have the ability to "handle larger transactions and larger volumes."

 

Using Wumbo will also reduce the fees and overhead required to open and manage more channels, Lightning Labs emphasized.

 

The developers recalled that Lightning wallets are "hot" and subject to many risks. They advised caution to reduce risks whenever possible.

 

As one of the security measures, Lightning Labs recommended the Channel Acceptor feature, which allows node operators to configure channel size limits appropriate to their use case and risk profile.

 

Recall that in July, the non-profit organization WikiLeaks added support for bitcoin payments through the Lightning Network in its store .

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