3 / 7 Relevant items tagged with #LightningNetwork
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Bitcoin L2 Solutions Witness Decline, Lackluster Demand Despite Surging Transaction Fees
[Dec 17, 2023 10:00 AM] On Saturday, December 16, the cost of transacting in bitcoin eclipsed its previous peak from May 8, 2023, surging past $40 per transaction. The trend of escalating onchain fees began on the final day of October, steadily increasing thereafter…
Instant Settlement: The Construction Industry
[Dec 16, 2023 4:00 AM] As I delve deeper into the realm of Bitcoin and the Lightning Network, I am consistently struck by the potential benefits it holds for humanity. The realization of how inefficient and broken our societal structures are due to the limitations of…
ZBD Launches Bitcoin Prize Pool For 1047 Games' FPS ‘Splitgate’
[Dec 1, 2023 7:00 AM] ZBD, a New Jersey-based gaming technology company built on the Lightning Network, has announced a partnership with indie gaming studio 1047 Games to enable bitcoin payments for players of Splitgate, a free-to-play competitive first-person shooter…
Everyone Needs An Uncle Jim
[Nov 29, 2023 11:54 AM] The recent decision by Wallet of Satoshi to stop serving customers in the United States brings us to a crossroads in the evolution of Lightning’s use as a consumer tool. While it is trusted and custodial, Wallet of Satoshi has been invaluable in…
Lightning Is Doomed
[Nov 27, 2023 11:02 AM] Lightning is doomed. High fees from Ordinals have killed all hope of scaling Bitcoin non-custodially, there is no chance at all that people will be able to cost effectively open channels or enforce hung payments on-chain when necessary. It’s all…
Lightspark’s CEO David Marcus Recognizes Current Non-Custodial Lightning Network Solutions Imply ‘Some Form of Compromise’
[Nov 22, 2023 4:30 AM] David Marcus, co-founder and CEO of Lightspark, an institutional Lightning Network (LN) payment solutions provider, referred to the state of custodial and non-custodial transactions on the network. While Marcus believes that custodial LN for…
Ethereum, Bitcoin users reignite scalability debate as gas fees surge
[Nov 9, 2023 10:38 PM] Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours.
El Salvador Bitcoin ATM network to receive Lightning Network upgrade
[Nov 8, 2023 4:03 AM] Athena Bitcoin plans to integrate the Lightning Network into 100 of its machines in the next couple of months.
Bulgaria’s oldest football club adopts Bitcoin and Lightning, joins Nostr
[Oct 31, 2023 4:08 AM] Football meets finance: Bitcoin payments integration arrives at top-flight Bulgarian club, Botev Plovdiv FC.
Payment Splitting And Switching: Improving Privacy And Payment Success Simultaneously
[Oct 25, 2023 10:41 AM] One of the fundamental limitations of the Lightning protocol is how payment routing is handled and accomplished. It is entirely source routed, meaning that the sender of a payment is the one who constructs the entire route from themselves to the…
Lightspark Open Sources Email-Like Protocol UMA; Raises Debate on Compliance
[Oct 25, 2023 2:30 AM] Lightspark, a Lightning Network (LN) financial services company, has announced it has open-sourced Universal Money Address (UMA), a protocol similar to email, but for money. The protocol will be interoperable, allowing platforms to exercise due…
Lightning Network Developer States Disclosed Vulnerability Is Not an ‘Intentional Backdoor,’ Calls for Responsible Journalism
Postmortem On The Lightning Replacement Cycling Attack
[Oct 24, 2023 10:30 AM] So a lot of noise has been made around the Lightning vulnerability recently disclosed by Antoine Riard. Many people are claiming the sky is falling, that Lightning is fundamentally broken, and nothing could be further from the truth. I think part…
Lightning Network Developer Warns About Major Vulnerability, Abandons Security Tasks
Lightning Network faces criticism from pro-XRP lawyer John Deaton
[Oct 22, 2023 1:42 AM] John Deaton’s remarks come amid concerns about alleged backdoors in the Bitcoin Lightning Network’s code.
Bitcoin core developer steps back from Lightning Network over "hard dilemma"
[Oct 21, 2023 1:09 PM] Antoine Riard believes the Bitcoin community faces a "hard dilemma" as a new class of replacement cycling attacks threatens the Lightning Network.
Relai Integrates Lightning With Help of Breez SDK And Greenlight
[Oct 21, 2023 3:30 AM] Relai, a European non-custodial Bitcoin wallet with broker services incorporated in the app, is announcing their integration of Lightning functionality today at the Plan B conference in Lugano. Lightning support will initially roll out as a closed…
Stablecoins Built on Bitcoin — Lightning Labs Launches Taproot Assets Mainnet Alpha
[Oct 19, 2023 12:00 PM] Lightning Labs has released the mainnet alpha of its Taproot Assets daemon, advancing the project that seeks to enable stablecoins and other token assets on the Bitcoin blockchain. The software provides developers with tools to begin issuing and…
Lightning Network Sees Record Adoption Amidst New Applications
[Oct 19, 2023 10:30 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
Strike Enables Bitcoin Spending on Everyday Items with Bitrefill Integration
[Oct 19, 2023 10:01 AM] Lightning payments app Strike has introduced a new feature that enables its users to utilize their bitcoin for everyday necessities. This comes after the platform partnered with Bitrefill to bring more practical functions to its service…
Timeout Trees: A Solution To Scaling Lightning Network LSPs
[Oct 17, 2023 8:32 AM] One of the biggest inherent limitations to the Lightning Network is the limited number of channels that can be opened or closed per block given the blocksize limit. Regardless of how many transactions can occur off-chain how cheaply, this is a…
River Report: Bitcoin’s Lightning Network Grew by 1,212% in 2 Years
[Oct 13, 2023 3:30 AM] A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators…
THNDR Targets $95 Billion Gambling Sector With New Bitcoin Lightning API
[Oct 12, 2023 4:00 AM] Today, THNDR has unveiled its latest innovation, Clinch — an API designed to enable instantaneous, borderless, low-fee, peer-to-peer wagering using the Bitcoin Lightning Network, according to a press release sent to Bitcoin Magazine…
The Lightning Network Makes Bitcoin Unstoppable: Bitcoin Backstage with David Marcus
[Sep 28, 2023 11:45 AM] One of the biggest challenges Bitcoin faces is scalability. Transactions can be slow and costly, making mainchain settlement less efficient for everyday transactional use. Enter the Lightning Network, an innovative solution that has the potential…
Crypto Biz: PayPal rolls out crypto ramps, Franklin Templeton joins BTC ETF race, and more
[Sep 15, 2023 3:00 PM] This week’s Crypto Biz looks at PayPal’s crypto gateway, Franklin Templeton’s BTC ETF filing, Coinbase’s Lightning Network integration, and Meta’s plans for a new AI model.
Amboss Launches Innovative New Tool to Boost Adoption of Bitcoin's Lightning Network
[Sep 14, 2023 10:00 AM] Amboss, a leading data analytics provider for the Bitcoin Lightning Network (LN), has unveiled a new subscription service called Hydro, designed to automate liquidity management for the LN, according to a press release sent to Bitcoin…
How to identify and protect against routing attacks in the Lightning Network
[Sep 14, 2023 6:08 AM] To protect against routing attacks in the Lightning Network, utilize watchtowers, verify channel state changes, and prioritize well-established payment channels.
Coinbase CEO Confirms Exchange Will Support Lightning, Which Dramatically Speeds Up Bitcoin Payments
[Sep 13, 2023 9:32 AM] Coinbase CEO Brian Armstrong says the crypto exchange will indeed add support for the Lightning Network, one of the biggest endorsements yet for the blockchain that makes bitcoin (BTC) a more realistic option for payments by dramatically speeding…
Coinbase Founder Brian Armstrong Reveals Plans to Integrate Lightning Network
[Sep 13, 2023 8:00 AM] According to Coinbase founder and CEO Brian Armstrong, Coinbase is actively working on integrating the Lightning Network (LN), the second-layer scaling protocol. Armstrong emphasized that bitcoin “is the most important asset in…