The experts have spoken. OpenSat gave a partial verdict, and The Human Rights Foundation announced that Kashoo and LNLink would receive a reward. Certain conditions apply, as we’ll explain. And other projects and Lightning Network developers can still claim the last available reward, with the contest still valid until the end of the year. Let’s go through the winning projects and find out what the main players in the story had to say about the announcement.
OpenSets and the Human Rights Foundation Tweet
To be precise, one and a half of the three announced bounties have been closed. Alex Gladstein of the Human Rights Foundation tweeted, “The LNLink “Tip Jar” by William Kaiserin “qualifies for the bounty and will receive a reward of 1 BTC.” Also, and this is where it gets tricky, “Cashue by Cal partially qualifies for the “ish” reward and will receive .5 BTC of the reward.” However, there is still time, “if Calle can improve Cashoo’s design to protect user IP addresses by December 31st, it will qualify for the remaining .5 BTC of the bounty.”
Updates: @opensat The Board has determined that
— Alex Gladstein (@gladstein) 28 October 2022
Controversially, Gladstein and OpenSat also announced that “to date, there are no submissions eligible for a “stablecoin” reward. wrote about prizesIn this article, we described the signal as follows: “HRF and Strike want a wallet that enables “anyone” to “peg” bitcoin amounts into US dollars without the need for an exchange or any other token. That’s right, without a centralized entity. And relying only on SAT and Bitcoin.”
what galloy presented Their Stablesats Solution, and what about Collider Synthetic Stablecoins, Did Opensats not approve the way to peg the dollar against the dollar or did institutions not participate?
— Odell (@ODELL) 29 October 2022
In any case, Matt Odell of Opensats commented on the results. “Proud of this, applaud Strike for funding the bounties, HRF for setting it up, and our team at OpenSat for processing them. Grateful for the open source contributions of William Kaiserin and Calle, the FOSS movement every The day is getting stronger, and we are just getting started!
What do we know about LNLink?
What did OpenScat see in LNLink? We summarized the hint as, “Can you create a Lightning Tip Jar that doesn’t reveal any information about the parties involved? That’s the first task. How to get completely anonymous donations.” in his submission For Opensats, William Kaiserin claims to have solved the puzzle by doing:
“I have created a non-custodial iOS Lightning Wallet called LNLink which can connect to C-Lightning node from anywhere to send and receive electricity payment. LNLink is completely free and opensource (FOSS). This can do:
* Generate Bolt 12 Invoices
* Generate Bolt 11 Invoices
* Pay Bolt12 Invoice
* Pay Bolt 11 Invoice
* Payment lnurls
Project website Puts the same information in a more direct way, “LNLink (LightningLink) is an iOS application that allows you to control the c-Lightning node on the Lightning network itself. This means you can connect directly to your C-Lightning node to control it. No additional software, VPN or Tor is needed for remote access.”
project producer, William Kaiserin tweeted“Wow what. It’s time to make LNLink even better. My mind is blown.”
BTC price chart for 11/01/2022 on Bitstamp | Source: BTC/USD on TradingView.com
What do we know about Kashu?
Prompt said something like this, “What does the third prize have to do with e-cash. It aims to “address the need for transactional privacy through the Chaumian e-cash arrangement to enable anonymous bitcoin usage for users.” In a very simple explanatory formulathe company explains: “Kashoo makes custody of bitcoins more private. You don’t have an account with Mint, it doesn’t know your balance or who you’re transacting with. You can own your own tokens.” keep.”
The way it works is through a cryptographic scheme called blind signature, first described by cyberpunk and cryptographer David Chaum.
Think of it this way: You craft a secret message and wrap it in an envelope made of carbon paper that you send to the mint. pic.twitter.com/5zkdCvsHVO
— kashu (@CashuBTC) September 25, 2022
When asked whether it was a custody service, Calle replied“I know that all eCash designs are custodial (at the bitcoin level, with varying degrees of distribution trust) while the eCash tokens you hold are under your own control.” Upon receiving the notification of victory, The developer tweeted“Wow, this got me hooked last night. Thanks to the Opensats board, you are doing the incredible work supporting the devs. The world needs more like you.”
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