Posted about 2 months ago by Birch Creek Farms
Unlock the power: 7 key benefits of the Bitcoin Lightning Network
Posted about 2 months ago by LN+
Here the 7 things LN does really well:
Let's go after waiting UPS for open lightning node 24/7 hrs.
Posted about 2 months ago by LN-BitMania
Posted about 2 months ago by 💰_[[-MINIRIG-OFICIAL-]]_💰
The Evolution of the Bitcoin Lightning Network: A Historical Perspective
Posted about 2 months ago by LN+
The Genesis: A Whitepaper in 2015
Early Development and Progress
The Lightning Network Testnet
The Mainnet Launch and the First LN Transactions
The Lightning Torch and Growing Awareness
The Growth of Infrastructure and Ecosystem
Protocol Improvements and Enhancements
Protecting Your Bitcoin Lightning Network Node: Security and Privacy Best Practices
Posted 2 months ago by LN+
Choose a secure operating system
The first step in securing your Lightning Network node is to choose a secure operating system. Linux is the recommended operating system for running a Lightning Network node, as it is more secure than other operating systems such as Windows or MacOS. Choose a version of Linux that is actively supported and updated, such as Ubuntu or Debian.
Secure your node's firewall
A firewall is a network security system that monitors and controls incoming and outgoing network traffic. Configure your node's firewall to only allow incoming connections from trusted sources, such as your own IP address or known peers.
Install a VPN
A VPN (Virtual Private Network) is a tool that encrypts your internet traffic and hides your IP address. By using a VPN, you can add an extra layer of security to your Lightning Network node. Only allow connections from trusted VPNs to your node.
Keeping your node's software up-to-date is important for protecting it from vulnerabilities. Enable automatic updates for your operating system and be up to date on your LN implementation.
Protect your private keys
Private keys are the most sensitive piece of information when it comes to securing your Lightning Network node. It's crucial to keep your private keys offline and in a secure location, such as a hardware wallet. Make sure to backup your private keys in multiple locations. The same precautions should be used when generating a macaroon.
Use a secure password
Choose a strong and unique password for your node. Use a combination of uppercase and lowercase letters, numbers, and symbols. Avoid using common words or phrases.
Enable two-factor authentication (2FA)
Two-factor authentication (2FA) adds an extra layer of security to your LN node. If available (ex. on Umbrel) use a hardware wallet or an authenticator app such as Google Authenticator to enable 2FA.
Now, let's look at specific software recommendations for securing your Lightning Network node:
- Use the LND Watchtower service, which monitors the blockchain for attempted breaches of your Lightning Network channels. Check out the Watch Swaps we offer on LN+ for LND nodes that have a built in watchtower service.
- Use the LND Tor hidden service to add an extra layer of privacy to your node's network traffic.
- Enable LND's "disable admin macaroon" option to prevent unauthorized access to your node's administrative API.
- Consider synchronous database replication with LND/postgres.
- Use the CLN Watchtower service, which monitors the blockchain for attempted breaches of your Lightning Network channels. On LN+ we offer Watch Swaps for CLN nodes that use The Eye of Satoshi service.
- Use the CLN Tor hidden service to add an extra layer of privacy to your node's network traffic.
- Enable CLN's "disable admin cookie" option to prevent unauthorized access to your node's administrative API.
- Consider sqlite db mirroring network drives to reduce the chance of state data loss.
- Use an uninterruptible power supply (UPS): A UPS is a battery backup system that provides power to your Lightning Network node during a power outage. A UPS can keep your node operational for several hours, depending on its capacity.
- Use a generator: If you live in an area where power outages are frequent, consider using a generator as a backup power source for your Lightning Network node.
- Avoid using Wi-Fi: A wired internet connection is more reliable than a Wi-Fi connection during a power outage.
- Use a wired internet connection: A wired internet connection is more reliable than a wireless connection. If possible, use a wired connection to connect your Lightning Network node to the internet.
- Use a backup internet connection: If your primary internet connection goes down, a backup internet connection can keep your node operational. Consider using a mobile hotspot or a secondary wired connection as a backup.
Did I miss something? Let me know in comments! ⚡️
Posted 2 months ago by MuRa$cHaL
Posted 3 months ago by Zenos yae Galvus
Posted 3 months ago by AFRICA🌍
Posted 3 months ago by SanHauf_Node_01
Glad to get on board with lightningnetwork.plus
Thanks to @utxo for the point in this direction.
Migrating node to new hardware and public key
Posted 3 months ago by Less Relevant
- Gracefully and affordably close as many channels as possible
- Force close the rest
- Send remaining BTC balance on-chain to new node
- Build a new node using better hardware and configurations
- Receive on-chain BTC balance from old node
- Use LightningNetwork+ to open most of my channels (fewer and larger)
To all of my Lightning friends with open channels to me, all of our Channel Durations are fulfilled. Thank you for being a great channel partners. Should you wish to pair up with me a gain, please lock for new Liquidity Swaps from me. Optionally, my new Public Key is below if you don't want to wait.
Node Name (alias):
- Old Public Key: 02aef779b03379dc1903acacf339346e19aa581afa20e17a2b40564bde19f7736f
- Old TOR: email@example.com:9735
- New Public Key: 03cbea29f98bdc5ee43d4f22b8b2c80ebe41979b6bda629eef5d52035b1d90ac56
- New TOR: firstname.lastname@example.org:9735
I expect this process to take 2 to 6 weeks, depending on swaps, fees, and my patience. I'll start in March 2023.
Posted 3 months ago by AFRICA🌍