The Bitcoin community celebrated as the layer 2 payment system reached a total of over 3,400 BTC locked. That is an equivalent of around $141 million. Bringing near-zero fee BTC payments, Lightning’s adoption rose dramatically over the last year. During the same period, bitcoin became significantly more utilized as a network and an investment asset...Read More
San Francisco-based online publishing platform Substack has enabled support for bitcoin payments for subscriptions to publications through the use of the Lightning Network. Substack has collaborated with OpenNode, a bitcoin payment processor, for the BTC payment option. OpenNode made the announcement via a press release on Monday (August 23rd, 2021). With the latest development, readers...Read More
Cryptocurrency platform OKEx announced another crypto-promoting project –the Bitcoin Lightning Network. It will focus on downsizing transaction fees and reducing time for their execution. OKEx is Aiming at Low Transaction Costs and Promptitude OKEx, the leading cryptocurrency platform and derivatives exchange is to integrate the Bitcoin Lightning Network in the next quarter. The project represents...Read More
As Bitcoin adoption grows more and more, concerns about the need for scalability solutions increase. Lightning Network is the most important layer-two development currently available on the Bitcoin blockchain, and it seems that North Americans are the favorite demographic for this efficiency-focused micropayment solution. The Lightning Network is a layer-two solution currently under development. It...Read More
Is the era of the transparent Monero approaching? The United States government hopes so. After several days of waiting, the IRS finally granted a contract to Chainalysis to develop a tool that will allow authorities to track privacy coins like Monero and second-layer solutions like Lightning Network. Cracking Monero is an Expensive Task According to...Read More
The development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development. A Healthy Funding State of Open-Source BTC Development The BitMEX research team based the report on publicly...Read More
The Hong Kong-founded popular cryptocurrency exchange, Bitfinex, has recently launched the newest version of its mobile app, which comes with Bitcoin deposits utilizing the Lightning Network. The update for the mobile app comes less than two months since the exchange added support for the Lightning network to its web platform. The Lightning Network Comes On...Read More
The second version of the “Lightning Torch” (LN Trust Chain 2.0) was recently launched on its birthday, and the community keeps spreading it around the globe. Its primary purpose continues to be the same – to raise people’s awareness of the benefits of Bitcoin’s off-chain scaling solution – the Lightning Network. The New Lightning Torch:...Read More
BitMEX Research, the analysis arm of the popular Bitcoin margin trading exchange, recently published a report on the Lightning Network (LN). The scaling solution for the world’s largest cryptocurrency demonstrates considerable growth across several aspects. Bitcoin’s Lightning Network Grows The Lightning Network, which is Bitcoin’s off-chain scaling solution, continues to grow. According to a recent...Read More
A new research paper provides what is perhaps the most informative series of snapshots simulating Lightning Network traffic over the past year. The paper, titled “A Cryptoeconomic Traffic Analysis of Bitcoin’s Lightning Network,” was written by a trio of Hungarian researchers: Ferenc Béres of the Institute for Computer Science and Control, István A. Seres of...Read More
Read Part 1 of our series, Bitcoin’s 2019 in Tech: What This Year Brought Us, here. Even as we entered 2019 in a bear market, the receding bitcoin price was matched by a rising tide of excitement for and development on Bitcoin’s second layer payment protocol, the Lightning Network. Over the course of the year,...Read More
Bitcoin (BTC) attracts the most attention with its price action. But the technological capabilities of the leading coin should not be underestimated. Bitcoin Network Evolves with Lightning Payment Innovations In 2020, more than a decade after the Genesis block was created, the Bitcoin network will have changed in unexpected ways. Beyond highly active mining and...Read More
In an industry built around digital scarcity, opinions are in plentiful supply. Everyone’s got one, and they’d love to share it with the rest of the cryptosphere. As the decade draws to a close and another prepares to launch, it’s the perfect time to consider what 2020 has in store. Here’s what thought leaders, professionals,...Read More
Do you remember receiving your first bitcoin? Seeing those satoshis arrive in your wallet is a magical, almost spiritual, experience. In that moment, the most beautiful thing about bitcoin is not its censorship resistance or pseudonymity: it’s that it works at the first time of asking. No pending account verification, no weekend processing delays, and...Read More
A slew of Wikipedia editors would like to delete the Lightning Network (LN) Wiki page because the subject matter does not hold notability. Wikipedia editors use notability as a test to find out if a topic warrants its own article. The LN article debate on Wikipedia is still raging as a few editors believe the...Read More
The first week of Lightning Network support at cryptocurrency exchange Bitfinex, has seen more than 800 transactions make use the Bitcoin payments layer. The company’s Chief Technical Officer Paolo Ardoino says customers have deposited more than seven Bitcoin (~$52,000) to the exchange since it added Lightning payments.Despite recent Lightning Network vulnerabilities, it appears to be...Read More
Scalability is an issue that has been used against Bitcoin for a long period of time. Bitcoin currently lords over the market with a dominance of 70.9 percent at press time, but people from the community continue to raise arguments against its inefficiency to facilitate faster transactions. The world’s largest cryptocurrency hasn’t been quiet either....Read More
Lightning Network payment channels on Bitcoin declined 23% in the past five months. Are the incentives there to make it a viable scaling solution? | Source: Shutterstock By CCN Markets: Usage of Bitcoin’s Lightning Network underwent a sizeable decline in 2019. According to data from BitcoinVisuals, 23% of Lightning Network payment channels closed down in...Read More
It was December 2017, the Bitcoin was at almost 20k US dollars and I had just made my first transfer of 100k satoshis to a friend. The satoshis were supposed to arrive in minutes; however, it arrived in 2 days. The disappointment was huge. It was the first operation that me and my friend handled...Read More
Many Bitcoin enthusiasts have high hopes for the Lightning Network. For a technology which has been accessible for some time now, it seems there isn’t much growth to take note of. In fact, it appears things are slowly growing worse as more time progresses. This is good news by any means, yet the ship hasn’t...Read More
The Lightning Network has been subject to controversy since it’s rise to prominence in 2016. Championed as BTC’s solution to scaling, thousands of people in the Bitcoin community voiced their opinions on how it wouldn’t work. Now, nearly a year and a half later, it is still receiving criticism regarding its centralization, routing issues, and...Read More
Making cryptocurrency and blockchain payments more viable remains an ongoing battle. Bitcoin’s Lightning Network offers some relief, yet opinions on this technology remain somewhat divided. StarkPay is a new solution which aims to provide scalable and non-custodial blockchain payments to everyone. The bigger question is if all of this is even viable when looking at...Read More
