Bitfury Lightning Network Algorithm ‘Flare’ Addresses Bitcoin Scaling Challenge

By October 3, 2016Bitcoin Business

ACINQ, a French startup that develops bitcoin products, successfully tested the Bitfury Group’s payment routing solution called Flare on the Lightning Network, according to an ACINQ press release . The test bodes well for addressing the bitcoin scaling challenge. Bitfury Group’s white paper in July 2016 described the specifications for an algorithm to spur additional academic progress. ACINQ used these specs to code a payment routing algorithm and tested it with 2,500 AWS nodes. ACINQ found the Flare algorithm could locate a payment route in around 0.5 seconds with an 80% probability. Bitfury Group: Test Proves Commitment Valery Vavilov, Bitfury Group CEO, said the success demonstrates his group’s commitment to research and to supporting the Lightning Network deployment. The team’s engineers and fellow blockchain organizations are dedicated to Lightning’s success. Flare’s test, with small modifications from ACINQ, demonstrates the solution is successful beyond being theoretically possible. The Bitfury Group is now a step closer to delivering the Lightning Network into reality and solving the bitcoin blockchain challenge. Pierre-Marie Padiou, ACINQ CEO, said Flare marks the most advanced routing proposal, a major remaining Lightning Network challenge. ACINQ used the algorithm in its own Lightning Network deployment, Éclair, since ACINQ wanted to extend beyond simulations to see how well it would perform in an actual deployment. ACINQ is pleased with the results, Padiou said, which it sees as a first step to develop a scalable Lightning Network routing framework. Investigation Moves To Next Level ACINQ, with the large scale Flare network test, has moved the investigation of the algorithm to the next level, supporting its previous simulations, according to Medium . The tests show the scheme works in practice and supports its theoretical investigation, said Laolu Osuntokun, Lightning Network engineer who co-authored the Flare paper. The Lightning Network promises to enable […]

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