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Bitcoin Tech-News: New Lightning Version

In the Bitcoin network, the number of transactions in the Mempool has decreased. There is also a new version of C-Lightning. Latest news from the Bitcoin cosmos for crypto trading.

According to the latest Bitcoin Optech newsletter, the number of transactions in Bitcoin's Mempool has shrunk a hundredfold in the last week. In other words, the size of the Mempool fell from 100,000 to 1,000 transactions between 26 June and 3 July. This might also be a reason for the recent surge of BTC.

The Lightning Network Daemons

According to the newsletter, there is also a new version of the Lightning Network Daemons, namely LND 0.7.0 beta. This is the first version that uses a Watchtower implementation. This in turn allows third parties to protect in-channel finds of offline users. In addition, the new version promises several bug fixes as well as an improvement of the API connection for tracking payments.

The C-Lightning 0.7.1 version is now available to match the new daemons. This Lightning version contains new plugins and RPC as well as improvements in the handling of the Gossip protocol. The BTC Fintech industry will also profit from this, read more about this topic at this website.

New Proposals for Protocol Change

The Bitcoin enthusiasts of the newsletter also report on a new proposal that foresees new ways for the Lightning Protocol. This is intended to prevent transactions in the Bitcoin network from getting "stuck" in the future and to guarantee faster processing overall. Hiroki Gondo's proposal would, however, entail major changes to the Lightning Protocol, which is why it is still under negotiation. Another proposal is to enable standardised data transmission by means of Lightning payments.

Swaps and the Bitcoin Lightning Network

Finally, there is now the possibility of so-called loop-ins. This makes it possible to exchange bitcoins in a regular onchain UTXO within a Lightning Channel. This option is now complementary to the loop outs, where you can swap bitcoins offchain, i.e. from the blockchain. The latter possibility to execute payments is called submarine swaps.