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.
A bar in Japan is teaming up with a locally-based lightning startup to let customers pay using the experimental payments network.
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 […]
Casa CTO Jameson Lopp explained how Tor leapfrogs some of the thorny networking hurdles that come with setting up a node.
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, […]
Lightning Labs has put out an alpha release for its lightning desktop app for bitcoin’s mainnet.
The Bitcoin Lightning Network scaling protocol has passed a fresh landmark of 8000 nodes as a new solution launches to increase its mainstream usage. Lightning Rides Growth Highs Lightning, which continues to advance its presence as Bitcoin’s foremost scaling solution, hosted 8016 nodes at press time April 16 according to monitoring resource 1ML.com, up 8 […]
Bitcoin’s first decentralized exchange to make use of the Lightning Network’s Atomic Swaps is now in beta. Sparkswap, an exchange with backing from Pantera Capital (which announced its ambitious mission to become the most decentralized bitcoin exchange on the market in August 2018), has now opened its beta to users. Leveraging the Lightning Network, the […]
Bitcoin adoption took a step in a new direction this weekend after a former Miss Universe contestant joined the Lightning Torch transaction relay. Rosa-Maria Ryyti HODLs Lightning Torch In what appears to be an unexpected choice, Jeremias Kangas, founder of P2P trading platform Localbitcoins, opted to pass the Torch outside the cryptocurrency community – to […]
Radar Relay, a decentralized exchange for trading tokens over ethereum, is branching out into bitcoin lightning technology.
Boltz, a new lightning network based bitcoin exchange, has officially launched and won’t ask for your personal information. What’s more, it also allows for swapping bitcoin and litecoin using LN or cross-atomic chain swaps. Financial Sovereignty Uber Alles Trading shouldn’t require an account. So claims the tagline of new instant, account free, and non-custodial digital […]
Although the Lightning Network is most often touted as a way to reduce transaction burden on the main Bitcoin blockchain, various other use cases are becoming apparent as more people experiment with it. One of the most potentially revolutionary is the ability to make incredibly small payments for online content. This could have a massive […]
A new Bitcoin Lightning app presents an interesting take on the ‘paywall for written content’ concept where users crowdfund ‘scratching off’ one letter at a time. Scratch That Itch Bangkok-based French developer, Guillaume Verbal, unleashed an interesting take on the ‘paywall for written content’ concept this week: a Bitcoin Lightning app where users crowdfund the […]