Bitcoin Lightning Network developer updates node software with Taproot support

cointelegraph.com:

Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), released a beta version of the Lightning Network Daemon (lnd) — a complete implementation of the LN node — with added support to the latest protocol upgrades including Taproot and Musig2 among other improvements.

lnd is a software component that handles various aspects within the LN including managing a database, generating payment invoices and revoking payments to name a few. The latest software release, named lnd 0.15 beta (v0.15-beta), aims to empower developers to create solutions for more use cases by leveraging the Bitcoin network’s latest capabilities.

Announcing lnd 0.15 beta: To Taproot and Beyond! ♾️Featuring:Taproot + Musig2 support for better privacy + efficiency, Taro soon™ ~95% database space reduction for new data️ New pathfinding tool to choose speed vs. cost of paymentsRead more: https://t.co/5pavMcpxBg

In the announcement, Lightning Labs’ product growth lead Michael Levin revealed that over 50 contributors participated in launching the company’s first release in the year 2022, adding that:

The primary goal of MuSig2, a multi-signature scheme, is to allow the creation of aggregate public keys that can be used in Taproot outputs, thus, introducing the ability to authorize transactions with Schnorr signatures.

Unlike previous versions, the beta release also removes the redundant data from the revocation log bucket, which showed a reduction of 95% in database size during initial testing. While the update does not reclaim space for existing states, Levin envisioned that a follow-up release may include a migration feature that could reclaim old disk space.

Staying true to their commitment to make the LN more reliable, robust, and secure,