Tag: lightning

Sep 15 2022

Phish Lot, Rural America And The Lightning Revolution

Bitcoin and Lightning are technologies that once again revolutionize human connections and the ability to share information.This is an opinion editorial by Patrick McCaughey, a live music aficionado, Bitcoin advocate and pragmatist living in western Massachusetts.Humans are innately social creatures. We enjoy meals together, we exchange ideas with one another, and when the time is right, we set our...

Sep 07 2022

The State of Lightning One Year After El Salvador’s Bitcoin Adoption

Lightning helped El Salvador adopt bitcoin one year ago, which in turn helped usage of the Bitcoin Layer 2 network balloon around the world.Bitcoin headlines more often than not focus on the price. Whether it goes up or down in U.S. dollar terms, the media rides the wave accordingly, denoting “bubbles” and “crashes” as they come. As a result, the technology’s fundamentals...

Sep 04 2022

How The Lightning Network Could Enable A More Decentralized Web

The peer-to-peer nature of the Lightning Network allows the building of functions that help decentralize the web.This is an opinion editorial by Kishin Kato, the founder of Trustless Services K.K., a Japanese company focused mainly on Lightning Network research and development.This is the third article based on the content of the “...

Aug 26 2022

New York Digital Investment Group Announces Lightning Accelerator Project Called “In Wolf’s Clothing”

The Lightning accelerator, Wolf, will be based in Manhattan, New York and is exclusively non-remote. It will include mentorship, funding and work space.On August 26, 2022, Ross Stevens, CEO of Stone Ridge Holdings Group and executive director of the New York Digital Investments Group (NYDIG) subsidiary, made an impromptu appearance at BitBlockBoom in Austin, Texas, for a special announcement.Stevens has...

Lightning Shines For Its Practicality

Applications built on top of the Lightning Network allow for micropayments, opening the door for integrations with existing video games and podcasts.This is an opinion editorial by Koji Higashi, a host of the Diamond Hands community.This is the second article based on the content of the “Understanding Lightning” report produced by the...

Can Bitcoin’s Lightning Network Overcome The Price Of Anarchy?

The “price of anarchy” is inherent to systems in which individuals can act in their own interest — including the Lightning Network.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech- oriented Bitcoin podcast host.The Lightning Network as a payment routing network has many similarities with the internet itself. You must be connected to the network,...

Aug 23 2022

The Scaling Problem For Lightning Lab’s Taro On The Bitcoin Blockchain

While Taro could bring interesting developments to Bitcoin, the impacts on the bitcoin fee market and the scaling issues this will cause are unclear.This is an opinion editorial by Evan Price, a software engineer of 15 years and advocate for privacy rights.Taro is a new protocol being developed at Lightning Labs that promises to enable creation and transfer of digital assets...

Aug 08 2022

Voltage Now Offers One-Click Inbound Liquidity For Lightning Nodes

Voltage will supply up to 500,000 sats of inbound liquidity from its main node to its customers with one seamless click.Voltage now offers its users inbound liquidity for Lightning nodes with one click. Voltage will supply 500,000 sats from its main node.The company hopes to expand this offering beyond just Voltage customers.Voltage, a bitcoin...

Aug 04 2022

Simplifying Bitcoin Addresses Using DNS

DNS might be disregarded as old technology, but it could provide greater address functionality and ease of verification.This is an opinion editorial by Mark Jeftovic, cofounder and CEO of easyDNS Technologies Inc. and author of “Managing Mission Critical Domains and DNS.”From the moment I discovered Bitcoin back in 2013, I knew there would eventually have to be a way to reference...

Aug 03 2022

Galoy Brings U.S. Dollars To Bitcoin’s Lightning Network

In addition to its new bitcoin-backed U.S. dollar balance on Lightning, Galoy also announced a $4 million raise.Galoy Inc., the team behind the wallet of El Salvador’s Bitcoin circular economy Bitcoin Beach, is adding a new feature to that infrastructure: bitcoin-backed synthetic U.S. dollars.Often...

Jul 21 2022

Private Island In The Bahamas Seeks Bitcoin Lightning Wallet Provider Partnership

Chub Cay, an island in the Bahamas, is actively looking for a Lightning Network wallet provider to launch a bitcoin standard to pioneer financial inclusion.Chub Cay is an island located in the Bahamas and is currently looking for a Bitcoin Lightning Network wallet provider to partner with.Chub Cay Resort and Marina conducted an internal survey showing over 50% of its employees...

There Is No Such Thing As A “Lightning Wallet”

The wallet metaphor incorrectly describes the nature of the applications providing Lightning Network services.This is an opinion editorial by Roy Sheinfeld, cofounder and CEO of Breez.Although Breez often...

Jul 07 2022

Pickhardt Payments: How To Send Large Bitcoin Payments On Lightning

The work of Rene Pickhardt shows that despite being mainly used for small, fast Bitcoin transactions, Lightning can also deliver large payments.The Lightning Network is seen as the main solution in the Bitcoin ecosystem for making small BTC transactions feasible, as it enables the smallest of payments to be sent for nearly no...

Jul 05 2022

Despite The Price, Great Things Are Happening In The Bitcoin Ecosystem

Though the bitcoin price is bringing the overall sentiment down, many exciting things are happening in Bitcoin that will make this price drop temporary.This is an opinion editorial by Adam Taha, a host of a Bitcoin podcast in Arabic and a contributor at Bitcoin Magazine.The current bear market is on everyone’s minds. Doom and gloom are in every chart and metric....

Jul 01 2022

OpenNode, Lemon Cash To Onboard 1 Million Argentines To Bitcoin Lightning Network

The cryptocurrency exchange and digital wallet provider Lemon Cash is partnering with OpenNode to enable Bitcoin Lightning payments for its 1 million customers.OpenNode partners with Lemon Cash to bring the Lightning Network to over one million Argentines. Lemon Cash is a LATAM fintech company well-known for its digital wallet and cryptocurrency exchange which will begin supporting Lightning....

Jun 10 2022

Reviewing Privacy-Enhancing Proposals For Bitcoin

Reviewing Bitcoin’s history of proposed privacy improvements can help us learn from the past and keep up with new improvements as we go.A version of this article was originally published on sethforprivacy.com.Ragnar Lifthrasir...

The State Of Lightning Network Adoption

Lightning has seen major growth as Bitcoin’s medium of exchange scaling solution, but is still in its infancy stage as companies build on top of the protocol....

Jun 07 2022

Bitcoin Infrastructure Provider Mash Closes $6 Million Seed Round

Jun 07 2022 Published at Bitcoin Magazine under tags  bitcoin business lightning mash news

Mash, a Bitcoin Lightning Network infrastructure provider, closed a $6 million seed round to build out its usage-based revenue model for content creators.Mash closed a $6 million seed round led by Castle Island Ventures and Whitecap Venture Partners.The company leverages a usage-based payment model that lets consumers choose what they spend money on, rather than charging flat fees....

Jun 06 2022

Improving The Privacy Of The Lightning Network’s Gossip Protocol

Currently, the gossip protocol introduces privacy leaks and concerns that could be remedied while condensing the amount of messages sent.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. The Lightning protocol works by atomically updating payments across multiple payment channels in such a way that everything confirms or...

May 31 2022

How To Make Your Bitcoin Lightning Network Node Mobile

Now you can take the Bitcoin Layer 2 implementation wherever you go, giving you the ability to transmit sats everywhere!This is an opinion editorial by Anthony Feliciano, a Bitcoin events organizer and contributor at Bitcoin Magazine.This article is a follow up to a previous article I wrote, talking about...

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