{"id":17582,"date":"2021-03-04T15:00:00","date_gmt":"2021-03-04T15:00:00","guid":{"rendered":"http:\/\/ci027d3ad240002697"},"modified":"2021-03-04T15:00:00","modified_gmt":"2021-03-04T15:00:00","slug":"okcoin-provides-grant-to-lightning-developer-antoine-riard","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/okcoin-provides-grant-to-lightning-developer-antoine-riard","title":{"rendered":"OKCoin Provides Grant To Lightning Developer Antoine Riard"},"content":{"rendered":"
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Today, cryptocurrency exchange OKCoin has announced that it has granted an undisclosed sum to Lightning Network developer Antoine Riard. <\/p>\n

Riard worked at Bitcoin research and development firm Chaincode Labs in 2019 and 2020 and now focuses on building Rust-Lightning<\/a>, a library for the Lightning Network meant to enable a full-featured yet flexible implementation, according to an announcement provided to Bitcoin Magazine<\/em>. OKCoin\u2019s grant is meant to sponsor his work for one year.<\/p>\n

\u201cHis focus is on Lightning security, namely patching Lightning Network security flaws and onboarding new contributors to the Lightning Network,\u201d per the announcement. \u201cHe thinks that creating a larger community and support network for Lightning Network developers, especially Lightning Network mobile app developers, is essential for the next 12 months.\u201d<\/p>\n

Specifically, Riard will be working on refactoring the internal structures of Square\u2019s Lightning Development Kit<\/a> (LDK) and Rust-Lightning to enable better Watchtower<\/a> support; onboarding new LDK contributors and facilitating team meetings; publishing a research post on payment pools<\/a>; and much more.<\/p>\n

The support is part of an ongoing open-source development grant program from OKCoin. Previously, it has supported Bitcoin Core maintainer Marco Falke<\/a>, Bitcoin Core developer Amiti Uttarwar<\/a> and bitcoin payment processor project BTCPay Server<\/a>.<\/p>\n

This most recent grant is the latest signal of support for the Lightning Network from OKCoin, which announced it would be integrating the Layer 2 solution in January<\/a>.<\/p>\n

\u201cWhile [the Lightning Network] is a technology that has made significant advances in the last year that make it worthwhile to be integrated onto exchanges (like OKCoin) that have a lot of experience handling money transfers, it is also still new,\u201d according to the OKCoin announcement shared with Bitcoin Magazine<\/em>. \u201cAs we enter this next phase of Lightning Network development, as more retail\/commerce utilize the Lightning Network, we anticipate that the network will be placed under much more stress, so we want to invest in its development now.\u201d<\/p>\n

By supporting Riard, the exchange is specifically looking to contribute to security for Lightning.<\/p>\n

\u201cThe Lightning Network is geared toward enabling easier and more efficient financial transfers,\u201d per the announcement. \u201cIt has a heightened need for security, especially [as a solution] that is supposed to be light enough to be used and deployed a lot. And because it\u2019s a new network, there are still vulnerabilities in it.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In a bid to support the second-layer network\u2019s security, OKCoin has granted an undisclosed sum to Lightning Network developer Antoine Riard.<\/p>\n","protected":false},"author":2705,"featured_media":9661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[226,460,1721],"class_list":{"0":"post-17582","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-developer-grant","9":"tag-lightning-network","10":"tag-okcoin"},"author_data":{"id":2705,"name":"Peter Chawaga","nicename":"peter-chawaga","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/peterc-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/yang-super-pac-to-accept-bitcoin-lightning-donations.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/17582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2705"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=17582"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/17582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/9661"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=17582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=17582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=17582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}