Bitcoin Lightning Network Capacity Quadruples Since November

Lightning Network continues to grow at a phenomenal rate, with capacity now topping 460 BTC, and a reported 16,000+ channels. Lightning Network Sees Accelerating Growth It feels like Lightning Network (LN), bitcoin’s energetic, frugal young apprentice, is in the news every other week. Certainly, LN is regularly breaking fresh milestones, although to be fair, there are […]

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This E-Bike Accepts Payments With Bitcoin’s Lightning Network

Lightning Network has certainly inspired the home-brew hardware and software community to develop case-of-use scenarios for its micro-payments.  On Yer Bike Following Poketoshi, a Coke vending machine, and a real Swiss cafe, a German hacker has now developed a lightning-powered e-bike. The bike is a pretty standard 28-inch gents model, with an electronic conversion kit retrofitted. The […]

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New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem

bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s 00 network can process as its most significant problem. They […]

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You Can Now Use The Lightning Network To Buy (Virtually) Anything

Cryptocurrency cellphone top-up company Bitrefill has announced it will start selling gift vouchers for Amazon and other brands — effectively opening up Bitcoin Lightning Network payments to almost any item.  Lightning ‘Comes’ to Amazon, Uber, and More In a press release on July 19, Bitrefill — which became one of the first cryptocurrency businesses to […]

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Monero Lead Supports Off-Chain Bitcoin Scaling ‘For Maximal Privacy’

Monero team member Riccardo Spagni reaffirmed his belief that a so-called ‘layer two’ scaling solution is needed for Bitcoin — stating it is “necessary” for capacity improvements and “maximal privacy.” Lightning Network Strikes Down Ver Claims Spagni’s comment appeared on Twitter in response to fresh assertions from Bitcoin Cash (BCH) proponent Roger Ver that Bitcoin (BTC) […]

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New App Links Coinbase With Lightning Network as Frustration Continues

Wilma Woo · February 14, 2018 · 9:30 am A new Blockchain app seeking to introduce Lightning Network compatibility for Coinbase users has debuted its alpha demo. Could Coinbase Users Get Lightning? Lightning Ramp acts as a middleman service, allowing users of major exchanges to benefit from Lightning Network improvements in transaction fees and faster […]

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Coinbase, Exchanges ‘Won’t Run’ Lightning Network

Wilma Woo · January 26, 2018 · 4:30 am Andreas Antonopoulos has said he doesn’t expect regulated exchanges such as Coinbase to run the Lightning Network as it gains mainstream acceptance. ‘Their KYC Fell Apart’ In comments on the first episode of Let’s Talk Bitcoin! in 2018, the educator said AML/KYC obligations exchanges face are […]

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Lightning Network Debuts On Blockstream Store As New Strides Announced

Wilma Woo · January 17, 2018 · 8:30 pm Blockstream has implemented Lightning Network Bitcoin payments on its store as part of a continued roll-out of the revolutionary technology. Store Tests Consumer Lightning Payments In a blog post on Tuesday, developers Christian Becker and Rusty Russell introduced the Lightning Charge addition to its long-running Elements Project. […]

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