Lightning Network, a second layer payment protocol, can mean a lot to Bitcoin and other blockchain-based systems. It is hailed as a solution to scalability problems and a way to make crypto payments ubiquitous, but the tech isn’t quite mature enough to handle all that.
There are certain polarizing topics in the cryptocurrency community: which of Bitcoin forks is the true Bitcoin, what consensus algorithms are really viable, what coins will dominate the markets of the future.
Mass adoption is the mantra of every Bitcoin trader and the holy grail of most Bitcoin evangelists. And Lightning Network (LN) was one huge milestone on the roadmap of mass adoption.
1 What is an atomic swap? An atomic swap is an operation of trading one cryptocurrency for another instantly without a third party, such as an exchange. As a result, the deal is controlled only by the parties involved. Atomic swaps can be conducted either on-chain (i.e. directly between blockchains of two different cryptocurrencies) or […]
Christian Decker is one of the true Bitcoin veterans and the first person in the world to get a Bitcoin related PhD. Today the Switzerland-born engineer is one of the leading developers at Blockstream working on Lightning Network specifications and C-Lightning implementation. In an exclusive interview with ForkLog, Christian Decker tells how he came to […]
Blockstream’s engineering team has announced the release of v0.7 c-lightning, the company’s implementation of Lightning Network protocol.
ForkLog is happy to announce that our own Lighting node is now live and running. The setup has been completed and the node can be found at ln.forklog.com.
Blockchain technology firm Bitfury has announced the release of a comprehensive suite of products designed to make the use of Lightning Network easier for vendors and consumers.
According to data provided by Blockchain. com, over $410 billion was transacted in Bitcoin (BTC) in 2018, averaging over $13,000 per second.
Blockchain technology firm Blockstream has expanded its Bitcoin satellite service to the Asia-Pacific region. The company also added support for Lightning Network transactions, which will allow users to pay for its service using the second layer scaling solution as soon as in January 2019.
Bitrefill was one of the first companies to embrace Lightning Network for its mobile phone top-up service, however, as CEO Sergej Kotliar admits, the technology has its own tradeoffs and shouldn’t be considered “the entire solution of all the scaling problems forever.”
Sweden-based bitcoin startup Bitrefill focused on topping up mobile phone accounts and selling gift cards has garnered some attention from the community in the recent months after implementing some innovative solutions.