bolt12
BOLT 12 is a proposed upgrade to the Lightning network. For users, it can enable things like reusable payment requests, increased receiver privacy, and increased censo...
Tags:Lightning-Bitcoinbitcoin SATSWhat is BOLT 12?
BOLT 12 is a proposed upgrade to the Lightning network. For users, it can enable things like reusable payment requests, increased receiver privacy, and increased censorship resistance.
BOLT 12: A Leap Forward for the Lightning Network
BOLT 12 is a significant proposed upgrade to the Lightning Network, aiming to enhance user experience and expand the network’s capabilities.
Key Benefits for Users
- Reusable Payment Requests: Unlike the one-time use invoices of BOLT 11, BOLT 12 allows for dynamic and reusable payment requests. This is particularly useful for subscriptions, donations, and recurring payments.
- Increased Receiver Privacy: BOLT 12 introduces features that help protect the privacy of payment recipients by obscuring payment routes and details.
- Enhanced Censorship Resistance: By providing more flexibility in payment routing, BOLT 12 can improve the Lightning Network’s resilience against censorship attempts.
How it Works
While the technical details are complex, BOLT 12 essentially introduces new payment structures and mechanisms that offer greater flexibility and privacy compared to its predecessor, BOLT 11.
In essence, BOLT 12 is designed to make the Lightning Network more user-friendly, efficient, and private.
What is Bolt 12 on Lightning Network – More Efficient Bitcoin Payments – YouTube
