A Deep Dive into Lit: A Lightning Network Implementation

James Lovejoy, spoke about Lit, the MIT Digital Currency Initiative's Lightning Network Implementation. "James discussed his experiences applying Lit (the DCI's Lightning Network implementation) to real-world use cases, focusing on how it might work in practice when put into the hands of users. Given that there are now multiple possible architectures and specifications for payment channel networks (Interledger, BOLT, Lit, Raiden), James covered some of the major differences between the systems, and how Lit aims to solve some of the challenges moving forward.

James started mining Bitcoin in 2013 and was captured by the prospect of a trustless, permissionless financial system. Since starting at the DCI two years ago, James has been working primarily on Cryptokernel; a distributed ledger development toolkit as well as Lightning Network related projects. James works on the Digital Fiat Currency project, aiming to use Cryptokernel to demonstrate a workable fiat currency design based on distributed ledger technology. James is also the lead developer of Vertcoin, which he has been since late 2014."