The consultants have spoken. Opensats gave a partial verdict and The Human Rights Foundation introduced that Cashu and LNlink will obtain bounties. Certain situations apply, as we\u2019ll clarify. And different initiatives and Lightning Network builders may nonetheless declare the final out there bounty, the competitors continues to be legitimate till the top of the 12 months. Let\u2019s be taught in regards to the successful initiatives and discover what the story\u2019s essential gamers mentioned in regards to the announcement.<\/span><\/p>\n To be exact, one and a half of the three introduced bounties are locked in. The Human Rights Foundation\u2019s Alex Gladstein tweeted, \u201cLNlink by William Casarin qualifies for the \u201ctip jar\u201d bounty and can obtain the 1 BTC reward.\u201d Also, and that is the place it will get tough, \u201cCashu by Calle partially qualifies for the \u201cecash\u201d bounty and can obtain .5 BTC of the reward.\u201d However, there\u2019s nonetheless time, \u201cIf Calle can improve the Cashu design to protect user IP addresses by Dec 31, then he will qualify for the remaining .5 BTC of the reward.\u201d<\/span><\/p>\n UPDATE: the @OpenSats<\/a> board has decided that<\/p>\n 1) @lnlinkapp<\/a> by @jb55<\/a> qualifies for the “tip jar” bounty and can obtain the 1 BTC reward<\/p>\n 2) @cashubtc<\/a> by @callebtc<\/a> partially qualifies for the “ecash” bounty and can obtain .5 BTC of the reward https:\/\/t.co\/h2C0DxgjCo<\/a><\/p>\n \u2014 Alex Gladstein \ud83c\udf0b \u26a1 (@gladstein) October 28, 2022<\/a><\/p>\n<\/blockquote>\n Controversially, Gladstein and Opensats additionally introduced that \u201cto date, no submissions for the \u201cstable Bitcoin\u201d bounty have certified.\u201d When we first <\/span>wrote about the bounties<\/span><\/a>, we described the immediate as: \u201cThe HRF and Strike want a wallet that enables \u201canyone to \u201cpeg\u201d an quantity of bitcoin to U.S. {dollars} without having an change or one other token.\u201d That\u2019s proper, with out a centralized entity. And relying solely on sats and bitcoin.\u201d\u00a0<\/span><\/p>\n Did Galoy submit<\/span> their Stablesats solution<\/span><\/a>? And what about <\/span>Kollider Synthetic Stablecoins<\/span><\/a>? Did Opensats not approve of the way in which they achieved the peg to the greenback or did the establishments simply not take part?<\/span><\/p>\n Proud of this, recognize @strike<\/a> for funding the bounties, @hrf<\/a> for setting it up, and our staff at @opensats<\/a> for processing them.<\/p>\n Grateful to @jb55<\/a> and @callebtc<\/a> for his or her open supply contributions, the FOSS motion grows stronger day-after-day, and we’re simply getting began! https:\/\/t.co\/orTVkkMng1<\/a><\/p>\n \u2014 ODELL (@ODELL) October 29, 2022<\/a><\/p>\n<\/blockquote>\n In any case, Opensats\u2019 Matt Odell commented on the outcomes. \u201cProud of this, appreciate Strike for funding the bounties, HRF for setting it up, and our team at Opensats for processing them. Grateful to William Casarin and Calle for their open source contributions, the FOSS movement grows stronger every day, and we are just getting started!\u201d<\/span><\/p>\n What did Opensats see in LNlink? We summarized the immediate as, \u201cCan you create a Lightning tip jar that doesn\u2019t reveal any information about the parties involved? That\u2019s the first task. How to receive completely anonymous donations.\u201d In <\/span>his submission<\/span><\/a> to Opensats, William Casarin claims to have solved the puzzle by doing this:<\/span><\/p>\n \u201cI’ve created a non-custodial iOS lightning pockets known as LNLink <\/span>that may hook up with a c-lightning node from anyplace to ship and obtain <\/span>lightning funds. LNLink is totally free and opensource (FOSS). It <\/span>can:<\/span><\/p>\n * Generate bolt12 invoices The <\/span>project\u2019s website<\/span><\/a> places the identical info in a extra direct means, \u201cLNLink (lightninglink) is an iOS application that allows you to control a c-lightning node over the lightning network itself. This means that you can connect directly to your c-lightning node to control it. No additional software, VPNs, or Tor is needed for remote access.\u201d\u00a0<\/span><\/p>\n The challenge\u2019s creator, <\/span>William Casarin tweeted<\/span><\/a>, \u201cWHOA WHAT. time to make LNlink even better now. My mind is blown.\u201d<\/span><\/p>\n The immediate mentioned one thing alongside the traces of, \u201cThe third bounty has to do with e-cash. It \u201caims to tackle a need for transactional privacy through a Chaumian e-cash arrangement to enable anonymous bitcoin usage for users.\u201d In <\/span>a very simple explanatory thread<\/span><\/a>, the corporate explains: \u201cCashu makes Bitcoin custody more private. You don\u2019t have an account with the mint, it doesn\u2019t know your balance or who you\u2019re transacting with. You hold your own tokens.\u201d<\/span><\/p>\n The means it really works it by means of a cryptographic scheme known as blind signatures first described by cypherpunk and cryptographer David Chaum.<\/p>\n Think of it like this: you produce a secret message and wrap it into an envelope product of carbon paper that you just then ship to the mint. pic.twitter.com\/5zkdCvsHVO<\/a><\/p>\n \u2014 Cashu (@CashuBTC) September 25, 2022<\/a><\/p>\n<\/blockquote>\n When requested if this was a custodial service,\u00a0 <\/span>Calle responded<\/span><\/a>, \u201cAll ecash designs I\u2019m aware of are custodial (on a Bitcoin level, with varying degrees of distributing trust) while the ecash tokens you hold are under your own control.\u201d When notified of the win, <\/span>the developer tweeted<\/span><\/a>, \u201cWow, this caught me off-guard yesterday night. Thank you to the Opensats board, you\u2019re doing incredible work supporting devs. The world needs more like you.\u201d<\/span><\/p>\n (*2*)<\/p>\n<\/p><\/div>\nOpensats And The Human Rights Foundation Tweet<\/span><\/h2>\n
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What Do We Know About LNlink?<\/span><\/h2>\n
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<\/span>* Generate bolt11 invoices
<\/span>* Pay bolt12 invoices
<\/span>* Pay bolt11 invoices
<\/span>* Pay lnurls
<\/span>* Pay lnaddresses\u201d<\/span><\/p>\n<\/blockquote>\n![\"BTCUSD](\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/11\/BTCUSD_2022-11-01_00-23-40-640x356.png\")
<\/p>\nBTC value chart for 11\/01\/2022 on Bitstamp | Source: BTC\/USD on TradingView.com<\/a><\/pre>\n
What Do We Know About Cashu?<\/span><\/h2>\n
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Featured Image by David Gabrielyan<\/a> on Unsplash<\/a> | Charts by TradingView<\/a><\/pre>\n