Former Lightning Developer Raises Concerns Over Network Centralization and Vulnerabilities
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Antoine Riard, a former Lightning Network developer, argues Lightning is becoming more centralized and vulnerable to attacks and censorship.
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Riard claims Lightning developers are prioritizing profit and pleasing investors over network security.
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A new "replacement cycling" attack could theoretically allow hackers to steal funds from Lightning channels.
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Riard says many Lightning teams are VC-backed and willing to compromise decentralization for efficiency and scale.
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Over $194 million in bitcoin is currently locked in the Lightning Network, which could be vulnerable.