Bitcoin micropayments can now be scheduled in Rust – CVBJ

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Highlights:

A Rust-programmed Lightning node connected to this network.

LNP / BP Partnership Leads Bitcoin Lightning Based RGB Project

Yesterday December 22, 2021, the LNP / BP association took a significant step in the development of its projects: connect a node and open a channel of the Bitcoin Lightning Network (BTC) using a programming language other than the one used in one of the most popular implementations of this specialized second layer solution for micropayments.

Dr Maxim Orlovsky, the main developer of the project, shared the news on Twitter. The RGB node, programmed in Rust language, was connected to another node of c-lightning, an implementation of Lightning programmed in C language, and developed by the Blockstream company.

This is a relevant advancement in terms of the compatibility of different programming languages ​​in Lightning and Bitcoin, allowing projects to choose how to work flexibly without losing attributes that cannot be sacrificed, mainly the security of the protocol and its users.

From the Telegram announcement channel of the LNP / BP foundation, which runs the RGB project, the importance of an LNP node programmed in Rust that can connect to a c-lightning node, programmed in C has been explained:

The main difference between the LNP node and other implementations will be the support it will bring to the “next generation” Lightning network, called Bifrost, which supports Taproot, RGB assets, multi-user channels, contracts. discrete recording (DLC), etc. to.

However, full interoperability with Lightning is still of the utmost importance and the same LNP node could be used as any other Lightning node very soon, even before Bifrost was fully developed.

LNP / BP Foundation

This is the opening transaction of the Lightning channel between the RGB protocol and the c-lightning implementation.

The Lightning network: a fundamental tool for Bitcoin’s scalability

For a long time, critics of Bitcoin argued that this protocol was not evolving, that it risked becoming a dinosaur (not alive, but fossilized), losing its place and prestige compared to other cryptocurrencies that offer other features.

For their part, Bitcoin enthusiasts and developers have pointed out that blockchains do not scale and that the state of affairs on the mainnet should remain more or less the same or consistent over time. Bitcoin’s robustness and resilience “isn’t a flaw, it’s an advantage,” they argue.

For these reasons, Bitcoin’s scalability has been concentrated in the Lightning Network, a second-layer solution (without blockchain). It consists of a network of nodes and payment channels which has proven to be very useful in sending very small amounts of satoshis (fractions of bitcoin) at very low cost, which is often referred to as “micropayments”; but also large quantities due to the exponential increase in capacity.

Several projects seek to exploit the full potential of this network. For example, RGB can be mentioned, which is constantly looking for a way to scale Lightning beyond its current capabilities. With this protocol, it will be possible to issue fungible and non-fungible (NFT) tokens, deploy smart contracts and much more.

Recently, CriptoNoticias interviewed the developer Francisco Calderon, who works for RGB, and considers that this protocol will bring confidential, secure and minimum-commission transactions to Bitcoin, thanks to the possibility of creating complex smart contracts without using a parallel chain; validate your transactions with the Bitcoin main chain.

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