Oddbean new post about login | logout BOLT 12 is merged into the spec To applause at the Lightning Spec Summit dinner! ❤️
Was searching BOLT12 on stacker news and found this guy. https://stacker.news/items/230608/r/TheWildHustle
What does this mean?
thank you. exciting times!
What exactly is BOLT 12?
BOLT 12 is an upgrade that aims to enhance user experience and privacy. It introduces features such as re-usable payment requests, increased receiver privacy, and better censorship resistance. BOLT 12 allows for more flexible and extensible ways to structure and exchange data, making it easier to add new features and improvements without disrupting existing implementations
What do you mean by "flexible and extensible ways to structure and exchange data"? Can I send a text message with my payment now, or no?
Yes, but technically you always could. Because you fetch an invoice, that invoice contains the message. And now you can prove that you wrote the message, and that the recipient received the message: the invoice they sign has your message in it, and your key (often a made up one for that payment).
Interesting. Is there a limit to the message length? I'm thinking about using this for live streaming super chats.
The total length needs to fit in 64k, so yes. But the other fields tend to be no more than a few kB...
Thanks for the replies and all of the hard work!
You are the man!⚡️⚡️
Wonderful news. Huge congrats everyone. And more congrats on behalf of all of the people on earth who have no idea how significant this is. Going to have some cake to celebrate.
Awesome news! ⚡️ Can’t wait to see how this enhances the Lightning Network!
Ozzy Ozzy!
In a monumental moment, BOLT12—originally proposed by @Rusty Russell in 2020 and pioneered on Core Lightning—has officially been merged into the Lightning Network spec. Let's celebrate BOLT12 simplifying Lightning payment interactions and improving privacy! nostr:note1k5qns68j5h4dra3gnjd3j8kfza70k0zmj0dtd22fkgymst47pteqyauund Explore the integration details with @No Bullshit Bitcoin. nostr:note1apyfw3a8pgx4vmv9555ghhpk3fen3mfaxzkwhm0mrwmzxddwm8ys85vhng