Tag: bitcoin lightning network

Aug 12 2022

Researchers discover vulnerabilities in Bitcoin layer-2 Lightning Network

Researchers at the University of Illinois have discovered vulnerabilities in the Bitcoin (BTC) Lightning Network that could result in the theft of 750 BTCs (roughly $18 million). The two researchers, Cosimo Sguanci and Anastasios Sidiropoulos, published a paper where...

Jun 08 2022

Shock And Awe: Bitcoin Lightning Network Capacity Reaches New ATH

The adoption of the bitcoin lightning network has been on the rise for a while now. This was especially pronounced during the multiple bull rallies of 2021. It triggered an accelerated rate of adoption. Thus leading to network congestion due to all of the new users moving in. Naturally, transaction fees had risen while confirmation times had slowed. The lightning network preferred a...

Apr 19 2022

Why Will the Lightning Network Support the Use of Stablecoins?

The Lightning Network is a Layer 2 solution added to Bitcoin's (BTC) blockchain that enables off-chain transactions between parties not connected to the blockchain network. Furthermore, the Lightning Network is comprised of multiple payment systems among Bitcoin users. The Lightning Network channel is a two-party transaction method that allows parties to send and receive payments from one another. Layer two has proven to...

Apr 17 2022

Access to Bitcoin Lightning Payments Has Grown by 800% in 1 Year – Report

Quick take: An estimated 80 million crypto users now have access to Bitcoin's Lightning network This is an 800% growth from one year ago when the figure stood at 100,000 The increased access to the Bitcoin Lightning network is due to several applications integrating the payment option Hyperbitcoinization is not the only way the Lightning Network can flourish The provision of cheap fiat-to-Bitcoin...

Apr 08 2022

Strike To Integrate Bitcoin Lightning With Shopify: Why It Matters

At the Bitcoin 2022 conference in Miami, the Bitcoin Lightning Network seems to be getting closer to mass adoption as large companies start to partner with Strike. The digital payments platform built on the BTC network announced that it will integrate with Shopify and partner with payment firm Blackhawk and NCR, the world’s largest point-of-sale (POS) supplier. “We're proud to partner with Shopify...

Apr 06 2022

Taro, Issue & Send Any Asset Through Bitcoin’s Lightning Network. Do We Need It?

The Taro protocol is the first big announcement to come out of the Bitcoin 2022 conference. With “bitcoinizing the dollar” as its target and Lightning Labs behind it, the news blew up in Bitcoin-Twitter after being strategically released the night before the event of the year kicks off. Nevertheless, notice that Taro is just a proposal so far. It has a long way...

Nov 01 2021

Lightning Network Can Support ~35 Million Users At 3 Tx / Yr Average: LN Whitepaper

Lightning Network has been heavily promoted again recently as Bitcoin's most promising solution to scale globally and become the world's largest micropayments network. As Bitcoin's base layer (like most L1s) has high fees and longer waiting times, it's not suitable for small payments. Naturally, it makes sense to find out the limitations of the Lightning...

Sep 24 2021

Twitter Announces Big NFT Plans as Bitcoin ($BTC) Tipping Goes Live For iOS Users

The Bitcoin ($BTC) tipping feature went live on Twitter today for iOS users, making it the first global monetary network. The BTC tipping would be facilitated via a layer-2 solution lightning network. Twitter has partnered with Strike, a BTC wallet app based on the lightning network, to build the infrastructure and API for the integration, The post Twitter Announces Big NFT Plans as...

Aug 20 2021

A Bitcoin Maximalist’s Harsh Criticism Of The Lightning Network

The Lightning Network is the main reason Bitcoin is legal in El Salvador. The main chain couldn’t serve a whole country without a fast and reliable payment channel built on top of it. It’s as simple as that. However, is the Lightning Network invulnerable to attacks? Is its architecture as bulletproof as Bitcoin’s main network? Not according to technical expert Shinobi, who qualifies...

Aug 16 2021

Aug 06 2021

News From El Salvador, Early August: Optimism, Donations, And Meetups

The outpour of Bitcoin-related news from El Salvador, AKA Bitcoin Country, slowed down. It’s the calm before the storm. The Bitcoin Law goes into effect in September. Nevertheless, things are happening and Bitcoinist is here to report on them. Who else but us reports on the little things that add up and end up changing the world? Nobody else in the crypto-space, that’s...

Jul 12 2021

That JPMorgan Report On El Salvador Doesn’t Even Mention The Lightning Network

How embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that the Lightning Network exists and is up and running. More so, Bitcoin is legal tender in El Salvador because and only because El Zonte is a living and breathing example of the Lightning...

Jul 10 2021

News From The El Salvador Experiment, Mid July: More ATMs and CNN

This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone in the world lands in relation to the...

Jun 22 2021

Digital Shekel: Israel’s CBDC Project Is Well Underway

Israel is the latest country to admit it’s been working in a Central Bank Digital Currency for a few years now. While giving a conference in the Fair Value Forum, Bank of Israel Deputy Governor Andrew Abir said that the institution he represents already ran a pilot program for the digital shekel. More than that, he confirmed that the Israeli CBDC already exists....

Jun 12 2021

Top Crypto News: 06/11

Some interesting developments took place in the crypto space today. Currently, Bitcoin is up 2.3% and is trading at $36,978. Meanwhile, Ethereum is down 3.2% over the last 24 hours and is trading at $2,340. Now let’s take a look at some of the top crypto news stories for the day....

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