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OKCoin Supplies Grant To Lightning Developer Antoine Riard

03/04/2021

In a bid to help the second-layer community’s safety, OKCoin has granted an undisclosed sum to Lightning Community developer Antoine Riard.

At the moment, cryptocurrency alternate OKCoin has introduced that it has granted an undisclosed sum to Lightning Community developer Antoine Riard.

Riard labored at Bitcoin analysis and improvement agency Chaincode Labs in 2019 and 2020 and now focuses on constructing Rust-Lightning, a library for the Lightning Community meant to allow a full-featured but versatile implementation, in keeping with an announcement supplied to Bitcoin Journal. OKCoin’s grant is supposed to sponsor his work for one yr.

“His focus is on Lightning safety, specifically patching Lightning Community safety flaws and onboarding new contributors to the Lightning Community,” per the announcement. “He thinks that creating a bigger neighborhood and help community for Lightning Community builders, particularly Lightning Community cell app builders, is crucial for the following 12 months.”

Particularly, Riard might be engaged on refactoring the interior constructions of Sq.’s Lightning Growth Equipment (LDK) and Rust-Lightning to allow higher Watchtower help; onboarding new LDK contributors and facilitating group conferences; publishing a analysis publish on fee swimming pools; and far more.

The help is a part of an ongoing open-source improvement grant program from OKCoin. Beforehand, it has supported Bitcoin Core maintainer Marco Falke, Bitcoin Core developer Amiti Uttarwar and bitcoin fee processor challenge BTCPay Server.

This most up-to-date grant is the most recent sign of help for the Lightning Community from OKCoin, which introduced it might be integrating the Layer 2 resolution in January.

“Whereas [the Lightning Network] is a expertise that has made important advances within the final yr that make it worthwhile to be built-in onto exchanges (like OKCoin) which have a number of expertise dealing with cash transfers, it’s also nonetheless new,” in keeping with the OKCoin announcement shared with Bitcoin Journal. “As we enter this subsequent section of Lightning Community improvement, as extra retail/commerce make the most of the Lightning Community, we anticipate that the community might be positioned below far more stress, so we need to spend money on its improvement now.”

By supporting Riard, the alternate is particularly seeking to contribute to safety for Lightning.

“The Lightning Community is geared towards enabling simpler and extra environment friendly monetary transfers,” per the announcement. “It has a heightened want for safety, particularly [as a solution] that’s purported to be mild sufficient for use and deployed lots. And since it’s a brand new community, there are nonetheless vulnerabilities in it.”