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Tag Archives: Lightning Network

Former Mt. Gox Exchange CEO Gets Prison Sentence

Mar 16, 2019

Olusegun Ogundeji

After going on for about five years, a Japanese court has on Friday March 15 sentenced the former head of Mt. Gox cryptocurrency exchange to a two-and-half-year suspended term in prison. Mark Karpelès, a French national, was found guilty of falsifying records while he presided over th...

Chinese Players Absent in Lightning Network – Here’s Why

Mar 14, 2019

ChloeJiang

Mar 9, China-based digital wallet operator Hoo.com has launched a lightning network (LN) wallet. It is also the first Bitcoin lightning network wallet application in China. This initiative triggers the thinking of why the LN applications are so rare in China. According to the 1M...

Altcoins’ Hopes Dim as Top Exchange Adds More Decimals to Tokens

Feb 13, 2019

Olusegun Ogundeji

The growing use of Lightning Network protocol may be threatening the existence of altcoins, but the threat posed by crypto exchanges' recent moves could be worse. One of the top exchanges, HitBTC, has announced on Feb. 11 that it will make lot size and price step changes to hundreds of to...

Lightning Network’s Rising Popularity and Bitcoin, Altcoins

Feb 9, 2019

Olusegun Ogundeji

So much is being said about Lightning Network (LN) of late as its capacity continues to rise - above 659 BTC (about $2.42 mln) as at the time of this writing. The solution's growth rate and the progress it records has seen more wallets running it to achieve the purpose of facilitating small...

Litecoin to Lose Steam as Lightning Network Gains Traction?

Jan 20, 2019

Olusegun Ogundeji

A payment gateway for blockchain payments has launched the processing of Lightning Network payments on Litecoin network. The news from CoinGate comes in the wake of claims raised that more Litecoin in existence are getting concentrated in fewer hands. Published figures show that the top 100...

Scaling Debate not Over yet

Sep 4, 2018

Olusegun Ogundeji

Despite recent rise in the use of Lighting Network (LN) as Bitcoin's most prominent scaling plan, the debate over the limits on the amount of transactions the network can process has not be over. Data from an explorer 1ml.com shows that LN's capacity has passed 101 BTC with 3349 node...