Static and reusable invoices arrive on Bitcoin Lightning network

Key facts:
  • AMP invoices have a default expiry time of 30 days.

  • The LND client is one of the most widely used in the entire Lightning network.

Lightning Labs, a company specializing in the development of the Lightning network, has released version 0.13-beta (stable) of the Lightning Network Daemon (LND) node implementation. With it, initial support is given to atomic multi-route payments (AMP), which will allow to create static invoices, which can be reused in different payments.

The announcement was given from the official LND blog by Justin O’Brien, developer of Lightning Labs. Among some of the improvements included in this version is the compatibility with the new Apple brand processors, the M1, integrated in the new Macbook.

The highlight of this version is the use of static invoices. In the past, every payment invoice on the Lighning network, which allows you to receive payments and works similar to a wallet address, had a fairly short set lifespan. This could be a few minutes or even a few hours.

In this new version of LND, by default, the new invoices boosted for AMP payments, they will have a default shelf life of 30 days.

As for recurring payments, according to the published report, invoices are considered “pseudo-reusable” since they simulate being able to receive multiple payments on a single invoice. This is because an AMP invoice generates a new random payment address. Currently, this payment method is only available on AMP transactions that, in this case, will only be operational on the main LND client.

AMPS or multi-route atomic payments allow you to split a payment into multiple smaller segments, distributing them across different channels in the Lightning network. The advantage of this type of configuration, in addition to being an improvement in privacy, is that it allows you to section a large payment, with balances coming from different payment channels.

Lightning Network Daemon, meanwhile, is considered the successor to the original Lightning network white paper. This protocol currently sets the standards to be used within the Bitcoin micropayments network.

Bitcoin’s Lightning network in continuous growth

Justin O’Brien, developer at Lightning Labs and responsible for publishing on the release of this new version of the LND client, said: “with all the recent developments this year, we are excited to contribute to the continued growth of the Lightning Network with this release.”

The Lightning network continues its development, waiting for improvements such as Taproot, which, according to Crypto News, reduce commissions to less than 1 satoshi in payments over this network.

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