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.

Jaksot(3955)

Blockspace: Hut 8 AI Update, Crypto-Backed Mortgages, MARA Sells $1.1B BTC

Blockspace: Hut 8 AI Update, Crypto-Backed Mortgages, MARA Sells $1.1B BTC

On today’s Blockspace Live, we have Hut 8 CEO Asher Genoot and cover the big news that MARA sold $1.1B in BTC. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for...

28 Maalis 1h 26min

$171M Pulled From Bitcoin ETFs: Is Institutional Demand Cooling? | CoinDesk Daily

$171M Pulled From Bitcoin ETFs: Is Institutional Demand Cooling? | CoinDesk Daily

U.S. Spot BTC ETFs saw largest single-day outflow in three weeks. U.S. spot bitcoin ETFs recorded $171 million in outflows on Thursday, the biggest single-day withdrawal since early March. Is this a ...

27 Maalis 2min

Why Cypherpunk’s CIO Calls Zcash the Most Mispriced Asset in Crypto

Why Cypherpunk’s CIO Calls Zcash the Most Mispriced Asset in Crypto

Zcash and privacy demand with Cypherpunk's Will McEvoy. In his first-ever interview, Cypherpunk CIO Will McEvoy sits down with CoinDesk's Jennifer Sanasie to make the case that privacy is wildly unde...

27 Maalis 25min

Bittensor's TAO Token Surges 100% on Demand for Decentralized AI | CoinDesk Daily

Bittensor's TAO Token Surges 100% on Demand for Decentralized AI | CoinDesk Daily

Why did Bittensor's TAO token price double in the past month? Bittensor's native token TAO has more than doubled this month as staking activity surges across the network's AI subnets. The decentraliz...

26 Maalis 3min

20260325 BSL Tether's Big Four Audit, Blue Owl's Private Credit Risk, New Bitcoin Client

20260325 BSL Tether's Big Four Audit, Blue Owl's Private Credit Risk, New Bitcoin Client

Tether is finally conducting an audit, and the CLARITY Act is shaping up to be a dud for stablecoins. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technica...

26 Maalis 1h 19min

Monument Bank Taps Privacy-Focused Midnight to Tokenize £250M in Retail Deposits

Monument Bank Taps Privacy-Focused Midnight to Tokenize £250M in Retail Deposits

Monument becomes first bank to tokenize deposits on Midnight network. Monument Bank founder Mintoo Bhandari and Midnight Foundation President Fahmi Syed join CoinDesk's Jennifer Sanasie to announce t...

25 Maalis 17min

Circle Stock Tumbles 20% on Newest Clarity Act Draft  | CoinDesk Daily

Circle Stock Tumbles 20% on Newest Clarity Act Draft | CoinDesk Daily

Circle and Coinbase shares fell following new Clarity Act's stablecoin rules. Circle shares fell 20% and Coinbase dropped about 10% after a draft of the U.S. Clarity Act raised the prospect of strict...

25 Maalis 2min

How Ryan Wyatt is Rebuilding the Investment Experience for the Gen Z Audience

How Ryan Wyatt is Rebuilding the Investment Experience for the Gen Z Audience

Cronos Labs CEO, Ryan Wyatt, reveals the roadmap to fix the "bad taste" crypto left for Gen Z by trading technical jargon for a mobile-first investment engine Ryan Wyatt, CEO of Cronos Labs, joins Ge...

24 Maalis 37min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
tervo-halme
rss-pinnalla
rss-podme-livebox
otetaan-yhdet
rss-asiastudio
aihe
et-sa-noin-voi-sanoo-esittaa
the-ulkopolitist
radio-antro
rss-vaalirankkurit-podcast
rss-ulkopoditiikkaa
rss-mina-ukkola
rss-girls-finish-f1rst
linda-maria
rss-raha-talous-ja-politiikka