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Amboss
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Intelligent Payments for High-Volume Digital Economies. Built on Bitcoin. #lightningnetwork #bitcoin #amboss
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Amboss 1 year ago
⚡️ The Lightning Network is crucial to Bitcoin’s scalability, but traditional metrics like capacity & node count offer an incomplete picture of its true potential. The key to understanding network health? Max Flow. 🔑 Max Flow measures how much value can reliably flow through the network, considering available liquidity. For decades, this concept has optimized industries like telecommunications, logistics, and transportation. Now, it’s doing the same for the Lightning Network. 📊 While traditional metrics focus on nodes or channels, Max Flow highlights payment reliability—the true measure of network performance. As the graphic shows, payment reliability changes with payment size. Lightning is particularly suited for micropayments today. 💡 By focusing on Max Flow, we move beyond capacity metrics and gain deeper insight into how well the network is routing payments. This gives a much clearer view of Lightning’s performance. 💸 One of the most exciting aspects of Max Flow? As Bitcoin’s price rises, the capacity for larger transactions on Lightning increases without any infrastructure changes. A $10K payment when BTC is $100K is just as easy as a $5K payment when BTC was $50K. 🔍 Instead of focusing on how many nodes exist, the question becomes: how well is liquidity being used? Max Flow helps identify where improvements can be made to ensure Bitcoin payments flow efficiently, no matter the size. 🚀 Max Flow isn’t just another metric—it’s the future of Lightning Network optimization. Investors and node operators who adopt this metric now will be well-positioned to scale the network and capitalize on its potential. 🌐 💡 Learn more about how Max Flow is revolutionizing the way we assess the Lightning Network: https://cryptoslate.com/the-metric-that-matters-for-the-lightning-network/
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Amboss 1 year ago
Fees paid by lightning network operators have drastically decreased over the past year (anomaly notwithstanding). image While force closes tend to get the most attention, channel opens pay more fees to miners in total than all channel closes. Lightning channels are clearly solving a problem because the urgency to start new lightning channels is greater than the urgency to close them. (w/o FCs) image (w/ FCs) image #lightningnetwork #statistics #bitcoin
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Amboss 1 year ago
🚨NEW VIDEO🚨 Lightning Network: The Economics of Bitcoin's Global Payment Rails Nik Bhatia of The Bitcoin Layer is joined by @Amboss founder @Jestopher to discuss LN contributing to bitcoin as a global monetary network, fascinating statistics about the usage of lightning, and LN's tradeoffs.
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Amboss 1 year ago
Lightning node runners are most active when transaction fees are low, so they can earn a high ROI for each useful channel they create. We're seeing Magma activity pick up, fixing payment issues with decentralized liquidity and delivering ROI for good node operators. #lightning #noderunners #plebnet #nodestriches
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Amboss 1 year ago
Lightning Network capacity has shown sustained, aggressive growth since April IN BITCOIN TERMS. In USD terms, the network has ranged around a capacity of $300M to $360M since April while the Bitcoin price has taken a tumble. image
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Amboss 1 year ago
Happy (Financial) Independence Day to all the Lightning Node Runners! ⚡🌎🇺🇸
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Amboss 1 year ago
THE LIGHTNING NETWORK IS WORKING ADMIRABLY TODAY
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Amboss 1 year ago
Thanks to the awesome feedback we received on the invoice decoder, we added optional client-side invoice decoding! Client-side decoding enables higher privacy, but limits lightning address and LNURL decoding. image
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Amboss 1 year ago
Nice. image #Bitcoin #sats #lightning
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Amboss 1 year ago
⚡We've added Lightning invoice decoder to Amboss Space! Invoice decoders deliver insights about payment requests that can come in the form of an invoice, an LNURL, or a Lightning Address. To demonstrate the insights you can derive, we've prepared a thread of wallet invoices! image Starting simple, here an invoice from BitcoinJungleCR, a custodial lightning wallet: Similar setups include: zbd, walletofsatoshi , and Strike This is a BOLT11 invoice where it pays to a single node destination. Routing Node Operators will use the Payee Pubkey information to discover new nodes to connect to so that the network can have a variety of routes to pay BTC Jungle CR reliably. Next up in complexity, a BOLT11 invoice from @Breez_Tech, a self-custodial lightning wallet: If you check the Payee Pubkey of the Breez invoice, you'll reach a page that says "Unable to find this node". This isn't a error; this reveals that @Breez_Tech is using "private" node destinations. To help the lightning payment reach the destination, it will require Route Hints! image In the Routing Info is a Pubkey, revealing a well-connected 28 BTC capacity node that will convey the payment to the "private" node destination. Services with similar setups include: MuunWallet (uses a swap service), ElectrumWallet (yes they do lightning!) "Private node" here only means unannounced to the network (like not listed in the phone book), not a guarantee of privacy. There are many reasons to use private nodes in practice and most of them are operational: load balancing, payment reliability, failover protection, etc. Even more complex, we have @CashApp invoices, which include 2 separate paths to reach a private node destination. Instead of only one potential path to pay, there are now two which can be attempted. This allows one of the public nodes to undergo maintenance while the other remains online to ensure higher payment reliability. Makes sense when you have 50 million potential users! Okay now it gets crazy complex: @fedibtc Bravo includes not only two separate routing paths, but there are multiple hops in the second path! Look how long the invoice string is! That is a lot of data to pack into an invoice, which can also make the invoices more difficult to scan as QR codes or be unable to fit into a tweet! Setups like this one are fascinating, but each decision is a tradeoff. In the 2-hop path, the first stop is @LQWDTech followed by "Henwen 🐷", which was also used in the 1-hop path. This must make Henwen one of the "Gateways" into the ecash Federation. Mind blower time. Let's talk about @AquaBitcoin invoices. Aqua invoices only include a single route hint, but the route hint is to a private node! The payee pubkey is a public node, @Boltzhq, which swaps between the @lightning network and @Liquid_BTC. Boltz is using "magic routing hints" allowing Liquid to Liquid payments within LN. https://docs.boltz.exchange/v/api/magic-routing-hints We hope you learned a lot from this thread! What else would you like to know about invoices? What other insights can you gain from this tool?
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Amboss 1 year ago
NEW ATH FOR LIGHTNING NETWORK! This makes lightning a more powerful and scalable settlement layer for #bitcoin. Two factors have driven the Lightning Capacity higher: 1. Bitcoin-denominated growth in lightning infrastructure 2. Rising exchange value of bitcoin in USD terms image
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Amboss 1 year ago
Payment reliability is the most important metric for the Lightning Network as a payment system. We teamed up with @HelloStillmark to deliver research that leverages machine learning to bring enterprise payment reliability to the Lightning Network. image Our New Research: "Channel Balance Interpolation in the Lightning Network via Machine Learning" decimates the tired and risky approach of probing to find a reliable payment route. Combining crowdsourced data and machine learning means reliable payments on LN with less spam. We're applying this methodology to a new pathfinding-as-a-service feature that is showing extremely promising early results. We're looking for exchanges, rewards programs, or play-to-earn with high outbound payment volume to put our pathfinding service to a real-world test. To learn more about our research or to join us as part of our payment operations solution, be sure to visit: This research would not be possible without our collaborators: @HelloStillmark @vsingh_5 @emaros96 And peer reviewers: @renepickhardt Dr. Christian Kummerle @alexbosworth