Network

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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How the New Erlay Protocol Could Speed Up the Bitcoin Network

Bitcoin users are more secure if they use full Bitcoin nodes, and the overall Bitcoin network is healthier if they do, too. To encourage this, resource requirements to run a full node should be kept low, including the bandwidth required. Erlay is a new proposal that could help reduce bandwidth requirements. It was developed by […]

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3 Bitcoin Network Statistics Reach All-Time Highs

Bitcoin price may be losing ground, but its network is now more competitive – and secure – than ever before, new data shows.  Bitcoin Mining Hashrate, Difficulty, Transaction Output Value Spike According to monitoring resource Blockchain (formerly Blockchain.info), three essential Bitcoin 00 network metrics achieved new daily records at the same time this week.  Hashrate, […]

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LibertyX Adds 90 Bitcoin ATMs to Network

LibertyX has announced the addition of 90 bitcoin ATMs in Nevada and Arizona thanks to a partnership with DesertATM that added its machines to LibertyX’s growing network. The company also revealed that it now operates over 1,000 bitcoin ATMs nationwide. Through the machines, LibertyX allows customers to purchase bitcoin with cash or debit cards at […]

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Japan to lead cryptocurrency-SWIFT network development under FATF supervision

Global news agency Reuters has revealed; with reference to sources privy to the agency, that Japan is going to lead a cryptocurrency Swift like network development. Reuters reveals that the Japanese government is taking the step to fight against money-laundering and the network would ensure that all transactions are recorded according to the regulations. The […]

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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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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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Bitcoin network hash-rate touches new peak

Data monitoring firm Blockchain.com has come out with news that Bitcoin’s hash rate has peaked at a new high. This beats the previously held peak point reached in the month of June. The rate has progressively scaled up since then. A currency’s hash rate represents the total volume of calculations that surge through its network […]

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Bitcoin Price Set for 2020 Halving Breakout: Mining and Network Activity at ATH

The Bitcoin price appears set for a massive breakout as network fundamentals are at all-time highs (ATH) as the 2020 halving event approaches. Bitcoin Network Metrics at ATH With the Bitcoin block reward halving less than a year away, the network activity parameters continue to set new ATHs. Data from Blockchain.com shows that metrics like […]

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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 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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Bitcoin Network Surpasses 100,000 Nodes, New Data Shows

The total number of Bitcoin nodes has exceeded 100,000 and not 10,000 nodes, as popularly believed.  The confusion over how many nodes are actually in the Bitcoin network is due to incorrect reporting by mainstream cryptocurrency data platforms, as well as a misunderstanding between listening nodes and full nodes. To begin unraveling the confusion between […]

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Bitcoin Network Hash Rate Climbs to 6-Month High

The Bitcoin hash rate has climbed to its highest level since late October 2018 as the BTC spot price looks to break $5,800. Bitcoin Hash Rate Reaches 4th-Highest-Ever Level Data from Blockchain.com currently shows the Bitcoin hash rate – the computing power responsible for securing the network, at above 58 quintillion hashes per second (58 […]

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Bitcoin Lightning Network Passes 8K Nodes as Mainstream Products Emerge

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 […]

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Bitcoin Cash [BCH] halving might lead to major security issues in its network, claims report

Bitcoin Cash [BCH] enjoyed a fruitful period in the cryptocurrency sphere during the past week as the collective market was painted green by the bulls. The Roger Ver-led digital asset witnessed a massive 87.32% price hike over the week. To put the value in perspective, the coin went from $165.9 on March 31, 2019, to […]

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This New Bitcoin Lightning Network Exchange is a No-KYC,  ShapeShift Killer

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 […]

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Can the Bitcoin Lightning Network Revolutionise Online Publishing?

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 […]

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Bitcoin’s [BTC] Lightning Network is semi-custodial banking, says Bitcoin Unlimited’s Peter Rizun

Bitcoin’s Lightning Network has become one of the most popular topics in the cryptocurrency space. Lightning Network is a second-layer mechanism used for transmitting off-chain payments by utilizing the security of the Bitcoin blockchain. The channel enables two participants to create a channel for the purpose of transferring Bitcoin, without the need for recording it […]

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Bitcoin proponent Winklevoss brothers: Crypto could be the strongest social network

Gemini Exchange’s founders Cameron and Tyler Winklevoss have remained firm on their belief towards a decentralized economy with Bitcoin and that cryptocurrency is strong and unmoved. In a recent video interview by CNN business, one of the Winklevoss brothers shared that they believe crypto could ultimately be one of the strongest social networks in existence, and […]

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