Lightning Labs has recently upgraded Litd, enabling non-technical users to operate their own Lightning Network (LN) nodes and transact bitcoin (BTC) in a non-custodial manner. This change is in response to feedback from the node operator community and developers. The updated Litd now allows users to interact with the Lightning Pool more effectively, enabling seamless BTC transactions within the all-in-one suite.
The upgraded features aim to improve LN by enhancing the terminal web user interface and introducing automated channel fee control. Enabling “auto fees” will populate fees automatically within the terminal section.
Once a user opts for automatic fee management, a new incremental session starts with the Autopilot server. The session-hosted UI is limited by a dedicated macaroon that can be revoked at any time. New tools simplify liquidity and accounting, allowing community members to run a LN node and generate accounts for fellow members.
However, this feature requires a high level of trust for successful implementation. Lightning Labs acknowledges the need for an improved onboarding process for the Bitcoin Lightning Network, and the creation of one node capable of accommodating multiple users is a possible solution. This model enables a single user to onboard thousands of LN users.
Node administrators can provide on-boarded users access to their node using a default interface, suitable for local or remote interfaces. These enhancements to the Lightning Network greatly increase Litd’s potential, paving the way for exposing more users to bitcoin, as noted by Michael Levin, the product growth lead of Lightning Network.
Despite the optimistic outlook, there is a twist of skepticism as Bitcoin’s Lightning Network remains a potential target for hacks and misuse by malicious parties, as increased accessibility might lead to potential vulnerabilities. Critics argue that it could introduce new risks to Bitcoin’s scaling solution.
Overall, Bitcoin’s Lightning Network continues to gain traction, and the recent advancements are expected to bring more participants into the network. While upgraded Litd is undoubtedly a welcome improvement for enhancing accessibility and user experience, it is crucial for the developers to address potential security concerns and ensure that this milestone remains a friend to Bitcoin’s scaling solution. The ongoing debate over the pros and cons of Litd’s latest update will undoubtedly pique the interest of the crypto community and shape future developments in the Lightning Network.
Source: crypto.news
Lightning Labs updates Litd, anyone can now run Bitcoin Lightning Network nodes
