Following an official announcement released by Bitfinex on December 4, 2019, users of the well-known exchange will be able to access the Bitrefill shop directly from the exchange interface and buy gift cards using the Lightning Network. Bitfinex for a New Digital Economy Yesterday, BTCManager presented the integration of deposits and withdrawals via Lightning Network […]
Bitcoin can now be spent to book housing at Airbnb via Fold app gift cards alongside other big-name retailers such as Amazon, Starbucks and Uber. Bitcoin payments app Fold now supports home-sharing giant Airbnb, the firm announced on Nov. 11. Now Fold users can get 3% back in Bitcoin (BTC) on every stay and experience […]
Bitcoin’s lightning network might have a use case beyond faster and more scalable payments, thanks to an experimental version called Whatsat.
During the last day of the Lightning Conference in Berlin, John Carvalho was scheduled to make a presentation titled “The Lightning Economy: Business Models and Product Considerations.” However, due to the noisy chatter that echoed inside the chamber, the Bitrefill CCO decided to take his discussion outdoors. So, the conversation took place in the quieter […]
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 […]
Bitcoin developer Rusty Russell disclosed Friday the lightning network vulnerability that forced software upgrades in July.
At least a dozen startups are now betting on the profitability of bitcoin birthing a “Lightning Economy.” Is it too soon?
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 […]
A pair of researchers have released the results of a formal verification of the lightning network, saying it’s “as secure as bitcoin.”
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 […]
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 […]
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 […]
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 […]
Lightning usage is growing steadily in 2019, with several startups now offering retail-friendly wallets.
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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. […]
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 […]
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.