Blockstream’s Proposed “eltoo” for Lightning Network Would Change Bitcoin Protocol

Blockstream’s Proposed “eltoo” for Lightning Network Would Change Bitcoin Protocol May 4, 2018 by Ian Edwards A development team from Blockstream has released a research paper proposing a modification of the Lightning Network settlement system and a change to the Bitcoin Core protocol. Called eltoo, the proposal would replace the current update mechanism used by Lightning Network in the hope of improving functionality. Also see: To Much Ado, Telegram Cancels Its Highly-Publicized ICO Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline Changing How the Lightning Network…