Blockchain Dev Calls for Radical Changes to Counter Critical Lightning Network Attacks

Crypto Blog

Renowned blockchain developer Antoine Riard has issued an urgent plea for updates to Bitcoin’s source code.

According to Riard’s research, it is possible to completely take control of the channel capacity of Lightning routing hops in specific situations. An attacker can interfere with the transaction relay on the base-layer Bitcoin network, manipulating the fee-bumping mechanism to purposely delay or prevent the confirmation of other transactions. This type ofhas serious implications for the broader Bitcoin ecosystem, which boasts at least 50,000 nodes running the BTC protocol as of October 2023.

The attacks can target all funds up to the permitted in-flight HTLC value. A modified form of this attack could also compromise future peer-to-peer extension package relays.Google’s Swift Move Towards Web3 Adoption: Advancements and ImplicationsSix Important Considerations for the Ethereum Price Going in Q4 2023

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