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In this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost communicate with Sam Wouters, a analysis analyst at River Financial. River operates the fourth-largest node on the Lightning Network, and Wouters not too long ago revealed a report which details unique insights from River’s Lightning node.
At the beginning of the episode, Provoost first offers a short replace on the bug that introduced down LND nodes (as mentioned within the final episode). He confirms that his evaluation of the trigger was right, and explains {that a} very related bug has brought down LND as soon as extra on November 1.
Van Wirdum and Provoost then go on to ask Wouters concerning the contents of his report, with a deal with three subsections of the report particularly.
First, van Wirdum, Provoost and Wouters talk about the present standing of charges and liquidity. Wouters explains that enormous Lightning nodes can earn a “return on investment” of a number of percentages per yr by routing funds over the community, however that this does require energetic channel upkeep to handle liquidity.
Next, van Wirdum, Provoost and Wouters talk about why some Lightning funds fail. Wouters explains that the success charge of Lightning funds is very excessive in contrast to only a few years in the past, however that there are two essential explanation why funds typically do nonetheless fail: cost timeouts and a scarcity of accessible routes. The trio speculates why this could be the case.
Lastly, Wouters outlines a number of the challenges and considerations associated to operating Lightning infrastructure for companies.
