During the Unconfiscatable conference in Las Vegas over the weekend, the Bitcoin developers panel discussed the use of simplified-payment-verification (SPV) by wallet software. The spark for this particular discussion was a recent conversation on Twitter around whether or not the use of Neutrino, which is a new SPV protocol with additional privacy protections, should be encouraged.
I must be stupid, I fail to see how LN users getting rid of theirs full nodes is an improvement for Bitcoin. LN won’t thrive without a strong L1 layer.https://t.co/SyR7vJ9FfY pic.twitter.com/imgWEENVUh
— LaurentMT (@LaurentMT) January 19, 2019
This panel was moderated by Programming Blockchain instructor Jimmy Song, and the other participants on the panel were Mempool Partners founder Johnny Dilley, applied cryptography consultant Peter Todd, and Braiins Systems CEO Jan Čapek.
SPV wallets were described by Satoshi Nakamoto in the Bitcoin white paper, although the theoretical fraud proofs that…
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