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 […]

Continue Reading

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 Barriers Data 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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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) […]

Continue Reading

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

Wilma Woo · May 22, 2018 · 11:00 pm 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 Volatility Speaking to CNBC in an edition of the network’s Mad Money segment, John Rainey, PayPal’s […]

Continue Reading

Lightning Network Can ‘Redefine Global Trade’ By 2021 as ‘Lapp’ Launches

Wilma Woo · March 23, 2018 · 12:30 pm Blockstream has unveiled a Lightning Network app or ‘Lapp’ as the user-friendliness of the revolutionary Bitcoin technology continues to increase. Blockstream Takes On Content Control The first of seven so-called ‘lapps’ – or Lightning apps – FileBazaar allows content creators to offer digital items such as […]

Continue Reading

Goodbye Bitcoin Cash? Microsoft: On-Chain Scaling ‘Degrades Decentralization’

Wilma Woo · February 13, 2018 · 1:15 am Microsoft has concluded that so-called ‘layer 2’ solutions are necessary for Bitcoin to scale and is “collaborating” on the technology. Microsoft: On-Chain Fails To Meet Capacity Needs In a blog post on Monday, Director of Program Management at Microsoft’s Identity Division Alex Simons said that layer 2 […]

Continue Reading