Lightning

Is Lightning Network Suitable For Bitcoin Deposits, Withdrawals?

A Twitter poll by bitcoin evangelist Pierre Rochard discussed whether the Lightning Network is a suitable tool for BTC transactions on crypto exchanges.  Poll Signals to Lightning Network Curiosity Should Bitcoin exchanges enable Lightning deposits and withdrawals? — Pierre Rochard (@pierre_rochard) October 14, 2019 Proponents of LN believe it would be a good fit for […]

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A Dangerous Bug in Bitcoin’s Lightning Network Has Been Fixed

Bitcoin developer Rusty Russell disclosed Friday the lightning network vulnerability that forced software upgrades in July.

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Lightning Sucks, But It Could Help Build a Bitcoin Economy

At least a dozen startups are now betting on the profitability of bitcoin birthing a “Lightning Economy.” Is it too soon?

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Op Ed: The Bitcoin Lightning Network Adds a New Set of Accounting Challenges

Serving as a second layer on top of Bitcoin, enabling cheap and fast private payments, the Lightning Network has ushered in new businesses, projects and users to the space. But while Bitcoin’s Lightning Network seems to be proving itself a valuable solution (with exponential year-over-year growth in the total number of channels), new challenges have […]

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The Specs Behind Bitcoin’s Lightning Pass Their First ‘Formal’ Security Test

A pair of researchers have released the results of a formal verification of the lightning network, saying it’s “as secure as bitcoin.”

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Sparkswap Desktop Lets Users Deposit Bitcoin Directly Into Their Lightning Wallets

Lightning service provider Sparkswap now features a desktop application with a first-of-its-kind killer feature: USD-to-bitcoin purchases that deposit sats directly into a user’s Lightning wallet. Dubbed “Sparkswap Desktop,” the new product “allows consumers for the first time ever to buy bitcoin directly into their Lightning wallets using USD,” according to a press release shared with […]

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Bitcoin Lightning Network vulnerability poses risk to scaling

Lightning Labs has reportedly confirmed the existence and exploitation of Bitcoin Lightning Network vulnerability. The peer-to-peer payment network is responsible for providing low-priced and quick Bitcoin payments, but due to this bug incident, it might not be prepared for huge payments. A well-known Blockstream developer Rusty Russell in August exposed the bug on the mailing […]

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Video Interview: Ricardo Pérez-Marco on Lightning Network Routing and Bitcoin

Ricardo Pérez-Marco is a Spanish university professor who teaches mathematics at the Paris Diderot University in France. Since discovering Bitcoin sometime in 2011 and realizing that the cryptography and math were unassailable, he has dedicated a significant amount of time to researching Satoshi Nakamoto’s creation. At one point in 2013, he attempted to create a […]

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Is Lightning Network the Most Optimum Bitcoin Scaling Solution?

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 […]

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Bitcoin Lightning Wallets Are Gaining Traction in 2019

Lightning usage is growing steadily in 2019, with several startups now offering retail-friendly wallets.

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A Security on Bitcoin’s Lightning Network Could Protect Users from Thieves

In the last research report published on July 15, 2019, Bitmex analyzes the Bitcoin Lightning Network with respect to channel closure. The research is focused on a mechanism called “Justice Transactions” that punish dishonest parties and prevent them from stealing funds from other Lightning channels. According to the report, 241 Justice transactions were identified, representing […]

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The “Noinput Class”: How a Bitcoin Soft Fork Could Simplify Lightning

Bitcoin’s Lightning Network — the overlay protocol for fast and cheap transactions — consists of payment channels. These payment channels today rely on a somewhat complex fallback mechanism to keep everyone honest and require some level of alertness from its users. This could soon be simplified. A small group of Bitcoin and Lightning developers is […]

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Bitcoin (BTC) payment app Fold implements Lightning Network

CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceThe team of bitcoin payment app Fold announced today Lightning Network capability is now integrated. Fold allows users to spend bitcoin at their favorite retailers in-store or online. As of now, all Fold users can spend their BTC instantly with nearly zero fees at retailers like Amazon, Starbucks, […]

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Bitstamp Unveils Bitcoin Lightning Network Node

On July 8 the Lightning Network got a huge publicity boost as Bitstamp announced that it had launched its own Lightning node. Another Step Toward Widespread Adoption On Monday Bitstamp revealed that it had launched a Bitcoin Lightning node to further facilitate the growth of Bitcoin’s Lightning Network (LN). The European cryptocurrency exchange said that […]

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Electrum Will Support Bitcoin Lightning Network, Wallet’s Creator Reveals

Thomas Voegtlin revealed the feature will come in an impending update at the ongoing BIP001 conference in Ukraine. Bitcoin (BTC) wallet Electrum will soon host support for the Lightning Network (LN), Russian cryptocurrency news outlet Forklog reported on Telegram July 5. In a social media update, the publication said founder Thomas Voegtlin had revealed the […]

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Bitcoin Lightning Network Payments Now Possible on Liquid Sidechain

Liquid Network users can now send and receive bitcoin micropayments via the c-lightning implementation of the Lightning Network (LN). “Lightning on Bitcoin on Liquid” According to a tutorial published by Blockstream developer “grubles” via Medium on Tuesday (July 2, 2019), LN users can now create bitcoin Lightning payment channels using c-lightning. This is a significant […]

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Bitcoin Lightning Network Hits $11M Capacity; Updates

Bitcoin’s scaling solution, the Lightning Network, is currently sitting at a capacity of around $11M. More interestingly, though, there are major updates underway already. Eltoo Coming to Lightning Network A user going by the name of u/almkglor has taken to Reddit to discuss some of the upcoming updates on Bitcoin’s scaling solution, the Lightning Network. […]

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Lightning Labs Launches Lighting Mobile App for Bitcoin Micropayments on the Go

Lightning Labs has taken one step closer to bringing Lightning Network payments to mobile with the launch of the Lightning App for iOS and Android in alpha on the Bitcoin main net. It follows the recent launch of the Lightning App on desktop, bringing the total number of operating systems supported by the program to […]

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Lightning Network Pioneer Releases New Code for Bitcoin Scaling Concept

Co-author of the lightning network white paper Tadge Dryja has released new code for a proposed scaling solution he’s been working on for a year.

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Can Bitcoin’s Lightning Network Power Payments in a Japanese Bar?

A bar in Japan is teaming up with a locally-based lightning startup to let customers pay using the experimental payments network.

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How To Send Bitcoin Lightning Payments With No Invoice

Ever wish that you could make a Bitcoin Lightning Network payment, without the rigmarole of receiving an invoice first? Well, you can… Lightning Network is one of the most exciting current developments in the Bitcoin space and gaining features all the time. But payments require the payee to first issue an invoice, which isn’t always […]

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Tor Makes Launching Bitcoin Lightning Nodes Easier for Users, Casa Finds

Casa CTO Jameson Lopp explained how Tor leapfrogs some of the thorny networking hurdles that come with setting up a node.

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Bitcoin Lightning node and FinCen: ‘It’s just silly. Honestly, people, stop with this stuff,’ says Legal Officer

The Financial Crimes Enforcement Network [FinCen] issued its guidance on the ‘Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies’ on May 9, 2019. The guidance elucidates how money transmission regulations apply to a business involved in providing convertible virtual currency services. This includes P2P exchanges, wallets, hosted and un-hosted wallets providers, […]

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