There are a few things you have to know about bitcoin before you will start using it. So, let’s say it’s your turn right now, I want to make a payment, then I say, “Hey, I know it’s your turn, but can I do an update right now? How do you know; is there a way for the other party to say, “Hey, I want to take my turn, can you finish up? So basically, it’s not quite latency optimal, but if you’re not doing anything or if you have a pending update you want to give, you can prompt a yield from them to take your turn. It’s sort of like how Bitcoin nodes all do their individual check of the blockchain and enforce all of the rules locally, because they have absolutely no reason to trust another peer that that peer did the work and is truthfully reporting the data to them, instead of just doing it themselves locally.
Free servers also don’t provide encryption in many cases, which can compromise your connection and private data. Most of ICE’s data runs through a secure, proprietary system of fiber and wireless grids called the ICE Global Network, built as a super-secure backbone by the NYSE following the 9/11 attacks. Again, this is not a reputation system where nodes share reputations between each other and gossip about it, where we have to be worried about someone bad-mouthing another node or anything like that. So, that’s why we haven’t moved that much to change it, because we finally have something that seems to work across implementations. But whenever we want to add new features on top of it, the complexity that we have today is going to make it harder. Mark Erhardt: It also is really nice about – one thing that I really want to point out. But that means it’s hard to reason about the state because at any point in time, you have a correlation between what’s signed in your commitment and what’s in your peer’s commitment.
But what’s interesting is that once we start having ideas, 바이낸스 입금 concrete ideas on how to do that local reputation, we can actually deploy it on our node in a shadow mode, where you will still relay all the HTLCs, but you will keep track of the reputation, and you will record the decision you would have made if we would have activated that code. Mike Schmidt: But it doesn’t prevent that information, that local information, from being shared outside of the protocol, right? And for this, one of the promising solutions is to use local reputation, where you track how much fee revenue every one of your peers has generated for you in the past, and you only allocate them liquidity bandwidth for something that would lose less than what they made you earn in the past basically. Mike Schmidt: Does it feel like this is moving towards experimenting and figuring out one solution, and that all implementations and node-runners and going to use that solution, even if it’s a combination of techniques; or is this more something that different implementations may have different combinations of keys and different algorithms for reputation, and maybe even users would be able to configure that; which direction do you see that going?
The result is now that instead of adding the keys together it’s the sum of the keys multiplied by their own hashes. Bastien Teinturier: I think mostly that it’s starting to work fine and we’re starting to have good velocity on the spec process on some of the important features. So, perhaps a question to Greg and t-bast, how would you summarize this meta-spec process discussion? Mike Schmidt: The last item from the LN Summit is about The specification process. Mike Schmidt: All right. Mike Schmidt: That’s fair. But actually, I think that at that point, latency shouldn’t be that much of an issue, but that’s something that we’ll see once we actually have implemented it and have some figures running on the real network. So, I think that now we have fixed most of these issues, we haven’t seen in the past one or two years any issues related to the implementation of that protocol. India, on the other hand, has seen a thriving crypto ecosystem from 2020 until early 2022, but government-imposed taxes and regulations have caused setbacks.