China News by Thebittimes.Com

Antoine Riard believes the Bitcoin community faces a "hard dilemma" as a new class of replacement cycling attacks threatens the Lightning Network. Security researcher and developer Antoine Riard is stepping down from the Lightning Network’s development, citing security issues and fundamental challenges to the Bitcoin ecosystem.  According to a thread on the Linux Foundation’s public mailing list, Riard believes the Bitcoin community faces a "hard dilemma " as a new class of replacement cycling attacks puts Lightning in a "perilous position." How does a lightning replacement cycling attack work? There's a lot of discussion about this newly discovered vulnerability on the mailing lists, but the actual mechanism is a bit hard to follow. So here's an illustrated primer... 1/n pic.twitter.com/mvvS8bEc5f — mononaut (@mononautical) October 21, 2023 The Lightning Network is the second-layer solution built over the Bitcoin blockchain. It is designed to...

The Bitcoin gaming economy gets a boost from Zebedee’s expansion into Africa, complementing its Brazil and Philippines operations. Gamers in Africa can now send and receive small amounts of Bitcoin (BTC) while playing classic titles like Counter-Strike. Zebedee, a fintech and payments processor targeting the gaming space, has partnered with crypto exchange platform Bitnob to offer payments and gaming reward options in Africa using the Bitcoin Lightning Network (LN) . Within the partnership , African users can earn Bitcoin through Zebedee-powered apps and games. Zebedee’s offering serves as a second layer in games that allows developers to replace vague in-game points rewards with satoshis, the smallest denomination of Bitcoin. Through the partnership with Bitnob, these, in turn, can be converted to a local currency like the Nigerian nairas. Related: Polygon becomes second-largest gaming blockchain after user activity surges in March Zebedee’s chief strategy officer Ben Cousens expla...