Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees

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Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.” Also…

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

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On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic. Also…

Bitcoin Lightning Network Reaches 30K Channels and 7K Nodes with Support from Jack Dorsey

Bitcoin Lightning Network Reaches 30K Channels and 7K Nodes with Support from Jack Dorsey

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The Bitcoin Lightning Network has seen strong growth, surpassing 30,000 channels and close to 7,000 nodes in 2019. The network has reached new levels of capacity, currently supporting 738 BTC. When combined with endorsements from Twitter CEO, Jack Dorsey, support for the network doesn’t seem to be slowing down. Lightning Network Reaches Unexpected Heights Created…

Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran

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On Feb. 22, bitcoiners rejoiced when the financial banking giant Fidelity was handed the ‘Lightning torch’ as the Lightning Network’s social experiment was passed on to its latest bearer. Then, two days later, the new Lightning torch holder made the decision to exclude passing it on to a cryptocurrency executive from Iran because of U.S.…

State of Lightning: What’s the Path for Network Adoption in 2019?

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The “instant payments” network running atop bitcoin saw fast user adoption levels in 2018. Will the trend continue this year?

Analysis: Bitcoin Transactions at 10-Month High While Fees at 2-Year Low

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BTC has hit a 10-month high in transaction volume. Meanwhile, tx fees are at a multi-year low. These figures indicate that factors such as scaling improvements to the Bitcoin protocol, and the relatively modest price of bitcoin, have made transactions in the cryptocurrency extremely affordable. Growing Transactions Volume At 300,000 transactions per day, Bitcoin is…

BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

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On Friday, Openbazaar and Bchd developer, Chris Pacia, revealed a new Bchd project feature currently in the making that would allow for Bitcoin Cash-based bi-directional payment channels. Moreover, in contrast to the Lightning Network, the Bchd developers explained that the team has created an overlay network based on the Inter-Planetary File System (IPFS). Also Read: A…

The New Effort to Get Bitcoin's Lightning Network In Every Browser

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Devs are looking to make bitcoin’s layer-two lightning network compatible with a payment standard used by all major browsers – and so far, so good.

One Guy Controls the Lightning Network’s Biggest Node

One Guy Controls the Lightning Network’s Biggest Node

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BTC supporters were elated to discover recently that the Lightning Network’s (LN) capacity had spiked by 216 percent in just one day. Some individuals suspected the Build on Bitcoin conference had sparked more LN interest. However, onlookers have found the spike was due to a single node created by the owner of Shitcoin.com. According to…

Bitcoin Lightning Capacity Rises 68% in 1 Month, Progress in Scaling and Micropayments

Bitcoin Lightning Capacity Rises 68% in 1 Month, Progress in Scaling and Micropayments

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The capacity of the Lightning Network, a micropayment channel that is compatible with Segregated Witness (SegWit) and a layer two scaling solution deployed on top of the Bitcoin protocol, has increased by 68 percent in the past 30 days. Irek Zielinski, a software developer, and Bitcoin researcher, revealed the total sum of micropayment channels on…