Blockstream to Roll Out C-Lightning v0.6

New version brings cool new features and improvements
26 June 2018   707

The developer of bitcoin and blockchain solutions, Blockstream, presented a beta version of c-lightning (v0.6), which is one of the main implementations of the Lightning Network protocol.

The company blog says that the new version of the c-lightning solution is based on a new architecture that is modular, as well as more flexible and scalable.

In particular, in version 0.6 c-lightning implemented:

  • Lightweight nodes: Previous releases required a full bitcoind node running alongside c-lightning, to provide access to the Bitcoin network. This release still requires the bitcoin-cli utility to be present, but it can now talk to remote nodes as well, including some lightweight nodes such as spruned.
  • The gossip protocol has been updated to use a more lightweight bandwidth mechanism that asks for specific information, rather than exchanging full network views as the previous release did. This is particularly important for low-powered and mobile devices that would otherwise spend a lot of bandwidth and energy downloading and verifying information they already have.
  • API stability: The c-lightning JSON-RPC interface and supporting libraries have been redesigned in order to minimize changes in future releases. This API stability should make it easy for other projects to build on top of c-lightning because we will support this version of the API for the foreseeable future, maintaining backward compatibility, should we introduce any changes.
  • Wallet and sync: c-lightning now includes a full-fledged wallet that manages both on-chain and off-chain funds. There is no more raw transaction handling! All funds are automatically tracked and returned to the internal wallet as soon as possible, with no user interaction required. In addition the blockchain tracking now maintains an internal view of the blockchain, ending long blockchain rescans.
  • TOR support: c-lightning now supports connecting to nodes over the TOR network, auto-registering as a hidden service, and accepting incoming connections over TOR.
  • The payment logic has undergone a major overhaul to support automatic retries for routing failures, randomization of route selection, and better feedback about the current state of a payment.

Director for Strategic Development Blockstream Samson Moe noted that to date there are already three beta versions of the main implementations of the Lightning Network protocol - Eclair, lnd & c-lightning.

He also stressed that since the launch of the Blockstream Store in January, the Lightning Network has grown by more than 16 000% and currently it has 7,800 payment channels.

G Suite & Target Twitter Accounts Hacked

Scammers hacked verified G Suite and Target Twitter account to use it for another fake "crypto giveaway"; 5.8634 bitcoins received
14 November 2018   63

Twitter accounts of one of the leaders in US retail Target and Google G Suite services were hacked by unknown, who immediately announced the free giveaway of bitcoins. The legitimate owners returned access to their pages quickly enough, but fraudsters still managed to get about $ 30,000.

After hacking the account G Suite, which has more than 800k subscribers, announced the distribution of 10 000 BTC. As reported by The Next Web, this post was deleted after 10 minutes. At the moment, Google has not commented on the situation.

Scammers message
Scammers message

Account Target, which has a little less than 2M subscribers, announced the distribution of 5 000 BTC.

Representatives Target confirmed hack of account, starting an investigation into the circumstances of the incident.

Early this morning, our Twitter account was inappropriately accessed. The access lasted for approx. half an hour & one fake tweet was posted during that time about a bitcoin scam. We have regained control of the account, are in close contact with Twitter & are investigating now.

As exploers show, there were no transfers to the of hackers of the G Suite account. However, with the help of a post on the Target page, attackers were able to get 5.8634 bitcoins.