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Tag Archives: Lightning Network

Lightning Network AMA: Three Giants Dispel Doubts and Mistrust

Mar 27, 2020

Vincent He

Lightning Network, a "Layer 2" payment protocol that operates on top of a blockchain-based cryptocurrency (like Bitcoin). It enables fast transactions among participating nodes and has been touted as a solution to the Bitcoin scalability problem. Although Lightning Network has been r...

Latest Lightning Network Release Pushes Security for Funds

Oct 17, 2019

Olusegun Ogundeji

The Lightning Network (LN) has announced the release of its lnd v0.8.0-beta to include more safety features, improved routing, and more complete support for lnd-based apps and wallets targeted at mobile devices. Coming ahead of the Lightning Conference in Berlin later this weekend, it di...

Op Ed: Is the Age of Bitcoin-Powered Discounts Finally Upon Us?

Oct 11, 2019

Bitcoin Magazine

While the digital gold narrative around Bitcoin has always existed, in the early days, there was also a heavy focus on payment use cases for the world's first major cryptocurrency. There was plenty of block space to go around at the time, which meant transactions were practically free and users d...

ACINQ, Startup Behind Eclair Lightning Implementation, Raises $8M

Oct 9, 2019

Bitcoin Magazine

The Lightning Network continues to grow and funding of Lightning development seems to be growing along with it. ACINQ, the Paris-based development company behind the eclair Lightning implementation, announced today, October 9, 2019, that it has raised $8 million in a series A fundi...

Claims Lightning Network Users Could Lose Funds

Sep 8, 2019

Olusegun Ogundeji

Lightning Network (LN) "would be the easiest way to steal Bitcoin" if the layer 2 protocol ever reaches serious volumes, the founder of prediction market platform Gnosis has claimed. Martin Köppelmann outlined the step-by-step approach of how the double spend exploit can work out without r...

Lightning Network Mainnet Goes Live on iOS, Android

Jun 20, 2019

Olusegun Ogundeji

The mainnet alpha of the Lightning Mobile App for iOS and Android, the first on all major platforms, has been released. The Bitcoin mainnet in alpha release, for iOS (on Testflight) and Android (on Google Play), is set to  complement the recently launched Lightning App on desk...

Concerns as Lightning Network Capacity Drops

Jun 8, 2019

Olusegun Ogundeji

The Lightning Network (LN) capacity dropped recently according to latest figures from 1ML which monitors and provides relevant analysis about the 'Layer 2' payment protocol. The capacity which has passed the 1000 BTC mark back in March now sits around 951 BTC (as at this writing...

SegWit: Unconfirmed Transactions Rise With Bitcoin Price Again

May 19, 2019

Olusegun Ogundeji

It's that time again: the price of Bitcoin is rising and many coins are moving from one point to another. It's causing unconfirmed transactions to surge too. Not indeed a bad thing though it only slows down transactions for those who do not set higher fees. But it is a reminder on the need for ...