Tag: lightning

Sep 10 2021

Why The Bitcoin Lightning Network Doesn’t Work (Yet)

Although the technology is promising, this article hopes to address the flaws that are present.So I guess I should start this off with a disclaimer: I actually love the Lightning Network. It’s one of my favorite parts of the Bitcoin protocol stack and I’ve followed it pretty closely for years. If Lightning didn’t exist, I would still own Bitcoin, but I would...

Sep 08 2021

El Salvador: Does Everything Really Benefit Bitcoin?

While the development appears to be great for mass adoption, there is risk to the country making bitcoin legal tender.Yesterday was a truly historic moment for both El Salvador and Bitcoin. A sovereign nation has adopted bitcoin as legal tender and recognized it as a money not treated or taxed as a capital asset. The entire path from the announcement in Miami...

Aug 28 2021

A Gentle Introduction To The Lightning Network

Often seen as the path forward for Bitcoin’s scalability, this is a simple description of the Lightning Network.*This article assumes the reader already has a basic understanding of the Bitcoin protocol, as well as how nodes, users and miners interact within it.Bitcoin is extremely secure, but this initially came at a trade-off: It’s slow. On its base layer, there’s no getting...

Jul 28 2021

Seetee Invests In Bitcoin Lightning Company Breez

Norwegian investment company focused on Bitcoin, Seetee, has become the newest investor in the Bitcoin and Lightning company Breez.Bitcoin payments company Breez has announced that Seetee, the bitcoin-focused subsidiary of Norwegian investment group Aker, has become their newest investor.“Seetee’s...

Jul 24 2021

In A Flash, Bitcoin Can Become The Default Digital Reserve Currency Of The World

Bitcoin has faced many challenges before, but it seems that the free market repeatedly creates innovative solutions to these.Bitcoin is king — it is still the best performing asset of our lives. It has silenced its harshest critics and only continued to grow in adoption, usability and relevance. The fact that bitcoin has achieved all this in only 12 years is remarkable....

Jul 22 2021

Four Tips For Running A Profitable Lightning Network Node

Running a Lightning Node has nuances but can be profitable and effective if done right.10 weeks ago, I joined the Lightning Network barely knowing how to open a channel. Last week I became a profitable Lightning Network routing node. Here's some tips on the ultimate strategy game for LN node operators from one...

Jul 14 2021

DeFi Education Fund Accused of ‘Dumping’ Half of UNI Tokens

Jul 14 2021 Published at Unchained Podcast under tags  bitcoin crypto daos ethereum grayscale

July 14, 2021 / Unchained Daily / Laura Shin Daily Bits...

Jul 13 2021

Bitcoin Has Been Profitable for 96% of Its Lifetime

July 13, 2021 / Unchained Daily / Laura Shin Daily Bits...

Jul 08 2021

Scaling Lightning: To El Zonte… And Beyond!

The path forward for Bitcoin is clear, with a revolution in the ability to transfer value occurring right in front of us.Here’s a philosophical question for Star Wars fans: when Luke fired two proton torpedoes down the thermal exhaust port and destroyed the first Death Star, was it the end of the story or the beginning? On the one hand, the Rebel...

Jun 23 2021

Bitcoin In Gaming

Jun 23 2021 Published at Bitcoin Magazine under tags  culture gaming lightning video games

How Bitcoin can drive and shape the gaming industry in the coming years is explored in this in-depth research article.Bitcoin In Gaming: Lightning As The Game ChangerThis article is part of our ongoing research work and series of publications on the Lightning ecosystem. The previous articles provided an overview of the Lightning Network project ecosystem...

Jun 09 2021

Bitcoin Optech #152: Lightning Node Payments And More

This week’s newsletter describes a LN node payment proposal, Bitcoin Core PR Review Club meeting and more.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this newsletter below. Remember to...

Apr 21 2021

Bitcoin Optech #145: Lightning Network Offers, Taproot And More

This week’s newsletter covers using Lightning Network offers to address stuck payments, Taproot activation and more.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this newsletter below....

Feb 23 2021

Feb 19 2021

Feb 17 2021

FastBitcoins Gifting Customers 50 Percent Of On-Chain Transaction Fees For Using Lightning

Feb 17 2021 Published at Bitcoin Magazine under tags  fastbitcoins lightning

FastBitcoins, which allows users to buy bitcoin directly via their bank accounts or at physical locations quickly through the Lightning Network, will be rewarding its users with 50 percent of the transaction fees that would usually be charged on-chain. “With this new incentive, FastBitcoins aims to proactively drive customer adoption of the Lightning Network, the payments layer that sits on top of the...

Jan 22 2021

OKCoin To Integrate Lightning Network

Jan 22 2021 Published at Bitcoin Magazine under tags  exchanges lightning okcoin

Cryptocurrency exchange OKCoin has announced that it will be...

Jan 18 2021

Good Griefing: A Lingering Vulnerability On Lightning Network That Still Needs Fixing

What happens when your Lightning Network routing node is fed with garbage transactions that never resolve? In short, it causes a lot of grief for routing nodes. What was once a smooth, global payment system can be locked up with trivial effort from a savvy script writer. Working in a small team of routing nodes, we successfully ran a test of the attack...

Jan 08 2021

The Lightning Network Basics

Listen To This Episode:...

Jan 07 2021

Bitcoin Magazine’s Guide To Exchange Scaling Support

Bitcoin exchanges are the single most popular method for acquiring BTC, offering marketplaces where users can transfer fiat or digital currencies for sats. For more information on bitcoin exchanges, visit our guide. But not all exchanges are created equal — some are decentralized, some adhere to strict KYC/AML requirements and some protect...

Jan 06 2021

Strike Is Bringing The Lightning Network To More Than 200 Countries

Today, Strike announced a global initiative to bring its Lightning Network payments application worldwide. After a successful U.S. launch in 2020 and the announcement of its payday solution last week, Strike is rolling out its services to 200-plus countries....

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