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Alekos Filini: “set up C-lightning in 20 minutes ” #bitcoin #LightningNetwork

WCN · 2019-07-08 ·00:35:39 ·World Crypto Network
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Summary

## Alekos Filini on Setting Up C-Lightning Auctions in 20 Minutes: A Summary

This podcast episode features Malikos, an engineering intern at Blockstream, demonstrating how to set up a functional auction system on the Lightning Network using C-lightning plugins. The session is primarily a live coding demonstration, showcasing the flexibility and power of C-lightning's plugin system. Malikos walks listeners through the entire process, from initial setup to debugging, highlighting the ability to extend Lightning's functionality and gain granular control over payment acceptance. The goal is to move beyond the default behavior of Lightning, which automatically accepts payments, and instead implement a system where payments are held temporarily, allowing for decisions based on factors like competing bids.

The demonstration utilizes a Node.js server with web sockets for communication between the auction interface and the Lightning node, and leverages C-lightning's Remote Procedure Call (RPC) capabilities. A key feature showcased is the ability to create invoices without specifying an amount, enabling the sender to determine the payment amount. Malikos also emphasizes privacy considerations, ensuring the highest bidder's client ID remains concealed. The process involves creating a plugin that intercepts incoming payments, allowing for custom logic to be executed and the ability to accept or reject payments based on auction rules. The live coding segment also reveals the challenges of real-time development, with Malikos troubleshooting errors and demonstrating how to debug a complex system.

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#bitcoin#cryptocurrency#lightning#crypto#lightningnetwork#developer

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Alekos Filini