Tag: lightning network

Apr 06 2021

Lightning Network Reaches 10,000 Nodes

Apr 06 2021 Published at Bitcoin Magazine under tags  lightning network technical

Bitcoin’s Lightning Network has more than 10,000 operating nodes, nearly doubling within a year.Rising by approximately 100 percent since this time last year, the number of nodes operating on Bitcoin’s Lightning Network nodes has been rising, according to data from Bitcoin Visuals. As of April 5, 2021, there were 10,394 Lightning Network nodes with channels...

Breez, Voltage Partner To Offer Lightning Nodes To Podcasters

Breez has announced that Voltage will help manage Lightning nodes for its integrated podcasting network.After its recent integration of a native podcasting network, the Breez Lightning client has announced that it is partnering with Lightning Network node hosting platform Voltage to give podcasters more...

Mar 31 2021

Azteco Now Offering Lightning Network Vouchers

Mar 31 2021 Published at Bitcoin Magazine under tags  azteco business lightning network

Azteco now allows users to redeem bitcoin vouchers over the Lightning Network for improved efficiency and reduced fees.Bitcoin voucher platform Azteco has announced the launch of Lightning Network vouchers, allowing users to redeem their Azteco vouchers over the second layer network for improved efficiency and reduced fees.“You can now redeem your Azteco Voucher over Lightning,” wrote Azteco lead Beautyon...

Strike Launches In El Salvador

Lightning Network payments app Strike is now available to users in El Salvador, giving them access to a next-gen remittances system.Lightning Network payments app Strike is now available on the App Store and Google Play Store to customers based in El Salvador, according to a release shared with Bitcoin Magazine.“Launching in El Salvador as our first non-U.S. market was a...

Mar 23 2021

Breez Lightning Client Integrates Native Podcasting Network

The Breez Lightning Network client now includes a native podcasting network, allowing content creators to become self sufficient.The Breez Lightning client now includes a native podcasting network — a major step toward bringing the decentralized economy to podcast creators. As consumers...

Mar 18 2021

Since Launch, Bottlepay Has Facilitated $2.3 Million In Lightning Transactions

Bottlepay, an application facilitating Lightning Network transactions via social media, has found an appetite for seamless use of bitcoin.Bottlepay, the U.K.-based application that allows users to transact bitcoin via the Lightning Network on social media, has seen notable volume since its launch last month. The app has facilitated transactions worth more that 1.7 million pounds ($2.3 million), according to a...

Mar 17 2021

Bitcoin Optech #140: Rescuing Lightning Transactions

This week’s Bitcoin Optech newsletter describes discussion on rescuing lost Lightning Network funding transactions, announcements of releases and release candidates, and notable changes to popular Bitcoin infrastructure software.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with...

Mar 04 2021

OKCoin Provides Grant To Lightning Developer Antoine Riard

In a bid to support the second-layer network’s security, OKCoin has granted an undisclosed sum to Lightning Network developer Antoine Riard.Today, cryptocurrency exchange OKCoin has announced that it has granted an undisclosed sum to Lightning Network developer Antoine Riard. Riard worked at Bitcoin research and development firm Chaincode Labs in 2019 and 2020 and now focuses on building...

Mar 01 2021

Can Bitcoin Scale?

The ongoing debate about whether or not Bitcoin can scale sufficiently on its path to mass adoption has led many people to question if it will ever reach that point at all.The Bitcoin protocol’s main focus is providing security in transactions. It prevents...

How Does The Lightning Network Work?

The Lightning Network is a network of payment channels. A payment channel is perhaps best understood as a complex type of multisignature address for which two users hold a private key; the funds in the address are shared between the two users. If one user makes a payment to...

What Are Sats?

“Sats,” which is shorthand for “satoshis” is a term used for the smallest possible denomination of BTC: 0.00000001 BTC, or 1 one-hundred-millionth of a bitcoin. The unit is named for the pseudonymous creator of Bitcoin, Satoshi Nakamoto.In a 2010...

How To Set Up A Lightning Network Node

The easiest way to set up and run a Lightning Network node is with an out-of- the-box solution. The majority of full Bitcoin node products also run Lightning clients and they have condensed all of the essentials for running a node into small boxes — you just need to plug them...

How To Operate A Profitable Lightning Node

People who run Lightning Network nodes can charge fees to process transactions through their Lightning channels, thus earning small amounts of BTC. For instance, depending on network activity, a single Lightning node could route $10,000 worth of transactions per month and...

Feb 25 2021

Lightning Network Can Be Paralyzed With 0.25 BTCs Spend, Research Shows

Bitcoin scaling solution Lightning Network is in hot waters again as researchers have unfolded a new attack vector which can lead to massive amounts of BTCs getting locked up and becoming inaccessible with an attacker spending a minuscule amount....

Feb 11 2021

These Gaming Studios Are Bringing Bitcoin to Esports

Imagine if every shot, goal or win paid real money to everyday players. Welcome to the world of bitcoin esports.

Feb 03 2021

Lightning Network to be Implemented on OKEx

Reading Time: 2 minutes The Bitcoin Lightning Network is to be integrated into the OKEx exchange OKEx made the announcement yesterday, with integration set for the “coming quarter” Lightning Network has been around since 2015 OKEx is to integrate the...

Feb 02 2021

OKEx Exchange to Integrate Bitcoin’s Lightning Network for Faster, Cheaper Transactions

Feb 02 2021 Published at CoinDesk under tags  coinflash exchanges lightning network news okex

High on-chain fees and transaction times for bitcoin can be off-putting to users, the exchange said.

OKEx Exchange Integrating Bitcoin Lightning Network, Dropping User Costs

OKEx will be adding support for the Bitcoin Lightning Network in the coming month to offer cheaper withdrawals and faster transactions for users. OKEx Upgrade for Small Transactions Only A single Bitcoin transaction currently costs over $11, and transactions can take anywhere from 10 minutes to 30 minutes before confirmation. ...

Jan 25 2021

Vietnam’s Oldest Bitcoin Exchange Adds Support for Lightning Network

With VBT's integration, the Lightning Network now has support from half a dozen Bitcoin exchanges.

Jan 24 2021

wNews: All Eyes on Biden, Bitcoin, and the Future of Index Funds

Jan 24 2021 Published at Crypto Briefing under tags  analysis biden cftc eth 2.0 index funds

This week's wNews column dives into the nitty-gritty of what a Biden administration means for Bitcoin. So far, many of his...

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