Lightning Series: Privacy and Security with Christian Decker & Carla Kirk-Cohen

“Lightning is built on top of the main chain, so you are bringing your on-chain privacy with you, although there’s a transactional increase in privacy...if you send a UTXO from Coinbase to fund your channel, Coinbase knows you sent that to fund your channel.”— Carla Kirk-CohenLocation: RemotelyDate: Monday 19th JulyCompany: Blockstream, Lightning LabsRole: Researcher, Infrastructure EngineerThe Bitcoin blockchain is an open public ledger, thus building privacy solutions on-chain is challenging. However, the Lightning network’s design is a massive improvement in privacy as the tradeoffs are different.Lightning removes transactional friction with significant security and privacy assurances today. But what are the potential attack vectors, and how might they be mitigated?In this interview, I talk to researcher Christian Decker and infrastructure engineer Carla Kirk-Cohen. We discuss the current state of privacy on Lightning, potential vulnerabilities and most likely solutions.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way to handle your money-----WBD375 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.