LTB!: Bootstrapping Mobile Mesh Networks with Bitcoin Lightning

LTB!: Bootstrapping Mobile Mesh Networks with Bitcoin Lightning

Richard Myers says the future of ad-hoc mesh networks for SMS messages and bitcoin transactions on your smart phone is here, but it needs the lightning network to succeed. The episode is sponsored by eToro.com and The Internet of Money Vol. 3 On today's episode of Let's Talk Bitcoin! you're invited to join Andreas M. Antonopoulos, Adam B. Levine, Stephanie Murpy and special guest Richard Myers for an in-depth look at the past, present and future of 'Mobile Mesh Networking' technology. Just as cryptocurrencies like Bitcoin don't rely on static infrastructure and professional providers, mobile mesh networking allows the creation of inexpensive, high range, low bandwidth and power consumption ad-hoc networks that'll let your phone send text messages or even bitcoin lightning network micro-transactions, even in areas with no coverage. According to Richard, Bitcoin's lightning network is a what's needed to make mobile mesh networks catch on by bootstrapping on top of the payment routing infrastructure. "...the Lightning Network currently sends payments from A to B to C and then all those intermediate nodes can connect a small fee if the payment is delivered at the end. All we're doing is saying 'Not [can you send] a payment, but [you can send] a small message. In our case it'd be a SMS message. So you sending an SMS message along with a lightning payment from A to B to C to D, and when D receives that message they return proof that it was delivered and that's what flows back through the network. In the lightning sense, that's your pre-image. It's computed from the message, that's how the nodes are able to collect payment even if they lose touch with the original person who sent it." But the way the lightning network uses data isn't ideal for mobile mesh. The open source Lot49 protocol is another layer on top of lightning that Richard says is necessary to make it work at scale while using mesh devices as an extremely low-bandwidth TOR-like privacy layer. "In many ways we're not making a new protocol, we're literally using lightning. Lot49 is custom communication protocol that's optimized for mesh. For example, right now there's a 1300 byte onion that's used to route messages over the internet and that's very important because you lose a lot of privacy... you lose all your privacy... if you were to just send messages over the internet without onion routing. We're sending over more or less a physical TOR network since it's going from node to node, not through a central ISP who can associate who you're trying to pay. We're also doing it over a low bandwidth network, so if you were sending 1300 bytes it may not sound like much in the age of the internet but we're talking about devices that [have a maximum data transmission capacity of] about a kilobyte a minute so that's a significant amount of the bandwidth that you have [tied up just in the web's onion routing] So for example with LOT49, we take out the onion and we use the native routing at the mesh device [level] which is optimized for mesh communications. And there's a few other little changes we make like that in order to reduce the bandwidth by chunking up messages... the ultimate goal is to minimize the lightning protocol overhead so that there is more bandwidth available for data... For things like sending an SMS and as bandwidth increases there may be things like internet protocol..." You can learn more about GoTenna Mesh Network Radios at https://gotennamesh.com/products/mesh Credits This episode of Let's Talk Bitcoin features Stephanie Murphy, Andreas M. Antonopoulos, Adam B. Levine and Richard Myers. Music provided by Jared Rubens and Gurty Beats, with editing by Jonas. Photo by Josep Castells on Unsplash See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(4104)

AI Chip Selloff Drags Bitcoin to $63K | CoinDesk Daily

AI Chip Selloff Drags Bitcoin to $63K | CoinDesk Daily

The AI selloff drags bitcoin down. A deepening selloff in semiconductor stocks pulled bitcoin to $63,000 on Friday as markets questioned whether AI hyperscaler spending will produce the returns to ju...

17 Heinä 1min

Elizabeth Warren Tried to ‘Destroy’ the GENIUS Act: Sen. Hagerty

Elizabeth Warren Tried to ‘Destroy’ the GENIUS Act: Sen. Hagerty

CoinDesk's The Policy Protocol host Rebecca Rettig is joined by guest co-host Ryan VanGrack, Coinbase's newly appointed Vice Chairman, to unpack the week's biggest crypto policy developments. They beg...

17 Heinä 0s

Inside the CASHCAT Bet That Paid $1.2 Million | Markets Outlook

Inside the CASHCAT Bet That Paid $1.2 Million | Markets Outlook

He turned $80,000 into $1.2 Million on one trade. CEO and Founder of Kaizen, Brian Jung joins Jennifer Sanasie on Markets Outlook. Discover how Jung turned an $80,000 bet on CASHCAT into a million-do...

16 Heinä 28min

Senate Votes 100-0: No Pardon for Sam Bankman-Fried | CoinDesk Daily

Senate Votes 100-0: No Pardon for Sam Bankman-Fried | CoinDesk Daily

The Senate votes unanimously against any SBF pardon. All 100 U.S. senators agreed that FTX founder Sam Bankman-Fried should never receive a pardon or commutation. President Trump has already pardoned...

16 Heinä 1min

"You Now Have Two Customers: The Human and Their Agent"

"You Now Have Two Customers: The Human and Their Agent"

Why humans won't shop alone anymore. Raja Rajamannar, Senior Fellow at Mastercard, joins CoinDesk’s Sam Ewen for a conversation that is equal parts blockchain brand masterclass and roadmap for what m...

15 Heinä 41min

Prediction Markets Crushed Sportsbooks During the World Cup | CoinDesk Daily

Prediction Markets Crushed Sportsbooks During the World Cup | CoinDesk Daily

Kalshi's volume skyrockets during the World Cup. Kalshi's World Cup contracts alone generated $7.4 billion in volume before group play ended, more than the entire projected U.S. sportsbook handle for...

14 Heinä 1min

A $19 Billion AI Deal, ETF Inflows Return, and Binance.US Plots a Comeback

A $19 Billion AI Deal, ETF Inflows Return, and Binance.US Plots a Comeback

AI is reshaping the crypto industry in more ways than one. On this episode of Public Keys hosted by Jennifer Sanasie, TeraWulf CEO Paul Prager explains the company's $19 billion, 20-year AI infrastruc...

13 Heinä 28min

Strategy Raised $467M But Didn't Buy a Single Bitcoin | CoinDesk Daily

Strategy Raised $467M But Didn't Buy a Single Bitcoin | CoinDesk Daily

Strategy skips BTC? Strategy added $467 million to its cash reserve last week through stock sales — but made zero bitcoin purchases, leaving its holdings unchanged at 843,775 BTC. With BTC trading we...

13 Heinä 1min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
uutiscast
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
rss-vaalirankkurit-podcast
rss-podme-livebox
rss-seksicast
otetaan-yhdet
tervo-halme
aihe
politiikan-puskaradio
linda-maria
et-sa-noin-voi-sanoo-esittaa
rss-girls-finish-f1rst
viela-yksi-sivu
the-ulkopolitist
mtv-uutiset-polloraati
rss-kovin-paikka
rss-sveriges-radio-finska
rss-raha-talous-ja-politiikka