The Lightning Network was originally proposed as a solution to address “the Bitcoin blockchain scalability problem,” as the network white paper phrased it. As the authors described, Bitcoin is unable to serve effectively as the world’s payment platform because it broadcasts all transactions to all network participants. “If each node in the bitcoin network must know […]
Bitcoin, originally designed as both a digital store of value and modern payments network, has long struggled to compete with fast-moving commercial payment channels. Projects like the bitcoin lightning network, aiming to speed up low value bitcoin transactions by moving them off the bitcoin blockchain, are growing in popularity—with the number of lightning network access points […]
The trouble with bitcoin payments these days may be a lack of spenders, not spending opportunities. On Monday, the Silicon Valley bitcoin startup Lightning Labs announced a new standards proposal that makes it easier for companies to automate small bitcoin (BTC) payments, like ongoing subscriptions. “We are using this product for our Loop service, it’s […]
Cryptocurrencies have gained traction for over a decade in the financial market. There are amazing opportunities for people to invest and gain value over a period of time in the growing cryptocurrency market. If you are an active participant in the financial market and engaged in buying, selling, or trading cryptocurrency, you need a cryptocurrency […]
US retail giant, Kroger, is no longer accepting Visa credit cards at its chain of Smith’s food and drug stores. So Anthony Pompliano tweeted an offer to hook them up with Bitcoin’s Lightning Network nationwide.Fees-A Not Accepted HereIt all started on Friday when Kroger announced the move to no longer accept Visa credit cards, citing […]
When “liking” your favorite tweet isn’t enough, you can now send small bitcoin transactions.Announced Saturday, the beta app Tippin has released a new Chrome Extension available to Google browser users. Over Twitter, app users can send bitcoin payments via the Lightning Network, considered a way to make bitcoin transactions feasible at a large scale for […]
A bitcoin scaling solution called the lightning network may soon come to Square’s Cash App for mobile payments.Twitter and Square CEO Jack Dorsey, an investor in the bitcoin-oriented startup Lightning Labs, recently announced during an interview with podcaster Stephan Livera that there are plans to integrate the scaling technology with Square’s mobile app.“It’s not an […]
The latest code version for the lightning network – often trumpeted as the future of bitcoin payments – includes a “block size increase.”One of the most active lightning implementations, LND, pushed out its newest “minor” release, version 0.5.2, of its beta code on Wednesday. Though it includes several changes from many contributors, mostly with the […]
Blockchain technology firm Bitfury has released a suite of tools aimed to drive adoption of bitcoin’s lightning network.Although the network is still under development, Bitfury announced a comprehensive product list to support the tech on Wednesday, including an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. It […]
If we look back across 2018, it has been a wild year. Most of the promises of 2017 have been broken. 2018 has been a tough year for the cryptocurrency companies, the cryptocurrencies themselves and for the investors of course. But underneath all of that, we see some foundations of some very exciting things being […]
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