Tag Archives: Lightning Network

Cambridge University Study: Speculation of the Death of Bitcoin ‘Greatly Exaggerated’

Following news that verified crypto-user numbers doubled in the first three-quarters of 2018, the study by Cambridge University also concluded that the death of Bitcoin amid an 85% drop in price has been ‘greatly exaggerated’ by the media.  Cambridge University: Bitcoin Mining Diversifying Aside from the influx of new users, the report titled 2nd Global Cryptoasset Benchmarking Study reveals several other key findings… Read More »

Developers Test Cross-Blockchain Protocol for One-Way ERC20-Bitcoin LN Atomic Swaps

An R&D lab at crypto startup TenX has tested the use of its cross-blockchain interoperability protocol to transfer ERC20 tokens for Bitcoin (BTC) using the Lightning Network (LN). The news was reported on R&D lab CoBlox’s blog today, Dec. 12, in reference to the demo on Dec. 7. As the blog post outlines, the technical challenge was to… Read More »

Lightning Network Going Strong, Now Receive & Make Micro-Payments in Your Web

Lightning Network (LN) stats are making headlines as its network capacity reached its ATH at 460 BTC with over 4,400 nodes. Recently, Bitfury brought LN payments to Paytomat’s digital wallet and merchant app and now Tippin.me has been released by a designer to make micropayments right in your web. Lightning Network in the Limelight With the number of… Read More »

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 multiple criteria to… Read More »

Subreddit /r/Bitcoin Hits One Million Subscriber Milestone

Stalwart Bitcoin (BTC) community subreddit “/r/Bitcoin” has hit the one million subscriber mark, according to a post from moderator “ibelite” Dec. 2. One of the most well-known online Bitcoin communities, /r/Bitcoin was founded in September 2010, almost two years after the release of the Bitcoin white paper. The subreddit has reached the one million subscribers point amidst the… Read More »

$2 Million: Lightning Network Hits Record Capacity Despite Bitcoin Price Decline

Advertisement Twitter Facebook LinkedIn Perhaps it’s unsurprising to readers familiar with Blockstream CEO Adam Back’s recent prediction of a $500,000 Bitcoin, but one of the blockchain startup’s chief technological efforts, the Lightning Network (LN) — which facilitates off-chain Bitcoin payments instantly at very little cost — saw a rise to over $2 million in capacity while the price… Read More »

Bitcoin’s Lightning Network (LN) Capacity Increases to New All-time Highs

The development of Lightning Network has not ceased despite the limited coverage it has received in recent days; however, the community of users and developers not only remains active but quite optimistic about this project that each day is closer to becoming a reality. In addition to growing in terms of technological evolution, Lightning Network has shown in… Read More »

Lightning-Powered Blog Sees 20,000 Bitcoin Micropayments in 7 Months

Few projects have done as much to explore crypto micropayments as the year-old Yalls blog created by Lightning Labs developer Alex Bosworth. From April through early November, Bosworth said, blog participants have processed nearly 20,000 invoices with the Lightning Network, a bitcoin scaling solution that makes micropayments feasible by keeping them off the blockchain, sidestepping network transaction fees.… Read More »

Bitcoin Lightning Network Explodes To New Heights With $2M Capacity

A sudden influx of nodes on Bitcoin’s Lightning Network (LN) has seen capacity increase to new all-time highs as the scaling solution is now handling over $2 million in BTC. Lightning’s Transformative Month Data from monitoring resource 1ML.com reveals the past week have seen overall capacity shoot up almost 300 percent to 438 BTC. An analysis of top… Read More »