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At 100 BTC And 12K Channels, The Lightning Network Is Larger Than Ever

The Lightning Network for Bitcoin became bigger than any time in history this month as capacity reached 100 BTC ($730,000) in a new first.PARTICIPANTS BREAK NEW BARRIERSData from monitoring resource 1ML confirms the milestone, which caps an extraordinary period of growth for Lightning over the summer months.Currently, 3350 nodes and over 12,000 channels contribute to […]

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Bitcoin’s Lightning Network Is Getting Its Own Hacker Camp

You’re scrolling through an online electronic store, when a new drone catches your eye.Eager to fly it for real, you enter a string of numbers to submit your payment. You’re not thinking at all about how, behind the scenes, it’s bitcoin that makes the impulse purchase possible.Far-fetched today? Maybe, but that’s the sort of easy […]

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PayPal: We’ll ‘Definitely Support’ Bitcoin If It Becomes ‘Better Currency

The CFO of PayPal defended the case for fiat merchant settlements Monday, telling mainstream media the company could nonetheless “definitely support” Bitcoin in the future.CFO RAINEY POINTS FINGER AT VOLATILITYSpeaking to CNBC in an edition of the network’s Mad Moneysegment, John Rainey, PayPal’s CFO, claimed that volatility was the reason PayPal did not “see a […]

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Coincards Brings Bitcoin Lightning Network Payments to Amazon

Canadian consumers can now purchase practically anything with Bitcoin instantly and at near-zero transaction fees after gift card merchant Coincards.ca rolled out support for the Lightning Network (LN).PAY FOR VIRTUALLY ANYTHING WITH LIGHTNINGA blog post on its website confirmed on social media April 9 sees Coincards, which has allowed users to buy gift cards for […]

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Lightning Is Being Attacked for Its Own Good

“Yes, we have created an attack framework for the lightning network.”The message from “bitPico” to CoinDesk confirmed what many had read in a popular chat group, that the pseudonymous user was flooding nodes running the software with traffic with an automated “attack toolkit.”Around the same time, a handful of developers reported lightning nodes crashing, temporarily […]

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