Explaining Basis Of Lightning Technology (BOLT) 12

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Sjors is again! In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost mentioned BOLT 12 (Basis of Lightning Technology 12), a newly-proposed Lightning Network specification for “offers,” a sort of “meta invoice” designed by c-lightning developer Rusty Russell. 

Where cash on Bitcoin’s base layer are despatched to addresses, the Lightning Network makes use of invoices. Invoices talk the requested quantity, node vacation spot and the hash of a secret which is used for cost routing. This works, however has a lot of limitations, 

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