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

Where coins on Bitcoin’s base layer are sent to addresses, the Lightning Network uses invoices. Invoices communicate the requested amount, node destination and the hash of a secret which is used for payment routing. This works, but has a number of limitations,