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Tag: Lightning Network

MIT Researchers Demo a Smart Contract-powered Lightning Network for Bitcoin

Category: Bitcoin, Blockchain, News, Tech

MIT Researchers Demo a Smart Contract-powered Lightning Network for Bitcoin

The Digital Currency Initiative (DCI), a cryptocurrency and blockchain-focused research community at MIT, are demonstrating an experimental use case in the backdrop of Bitcoin’s Lightning Network that would amalgamate smart contracts with the Bitcoin network to scale further. The Lightning Network is an open protocol layer that is built on the bitcoin blockchain network, enabling faster and cheaper transactions. The…

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OpenNode Brings Lightning Network to Everyday Bitcoin Transactions

Category: Bitcoin, Business, News, Tech

OpenNode Brings Lightning Network to Everyday Bitcoin Transactions

The only thing missing in the digital currency space was a payment processor that was powered by the acclaimed Lightning Network. To this effect, the introduction of OpenNode satisfies that need and being the first of it’s kind, and it indeed looks like a promising innovation. OpenNode’s Features A platform suitable for businesses of all sizes, the tools and features…

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HTC Catches Bitcoin Fever, Set to Launch Blockchain-powered Smartphones

Category: Blockchain, Business, News, Tech

HTC Catches Bitcoin Fever, Set to Launch Blockchain-powered Smartphones

Mobile phone giant HTC is not ready to be left out of the blockchain and cryptocurrency movement. The 21-year old mobile phone company headquartered in Taiwan is developing its own Android Smartphone that will be powered by blockchain technology. Exodus not Finney According to The Next Web (TNW), the premium smartphone called ‘Exodus’ will come with a universal cryptocurrency wallet…

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Rawtx: Another Lightning Network-enabled Bitcoin Wallet for Android

Category: Bitcoin, Finance, News

Rawtx: Another Lightning Network-enabled Bitcoin Wallet for Android

An announcement by Rawtx on May 9, 2018 has marked the launch of yet another bitcoin wallet for the Lightning Network, along with eclair. The Lightning Network is touted as a solution to bitcoin’s scalability problems has been live and running for several months now. With an estimated 2,301 nodes having 6,290 channels to transmit bitcoin, the network has been…

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Vaultoro Announces Support for the Bitcoin Lightning Network

Category: Bitcoin, Business, Finance, News, Tech

Vaultoro Announces Support for the Bitcoin Lightning Network

On May 4, 2018, the famous crypto/gold exchange Vaultoro announced it was implementing support for Bitcoin’s Lightning Network. Vaultoro is one of the most popular crypto\physical gold exchanges in the industry. The company proudly announced it was the first exchange in the ecosystem that had the needed development already deployed to start supporting Bitcoin’s Lightning Network as an instant deposit…

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Blockstream Announces Bitcoin Lightning Network Update Mechanism, Eltoo

Category: Bitcoin, Blockchain, News, Tech

Blockstream Announces Bitcoin Lightning Network Update Mechanism, Eltoo

2017 was a stark reminder that Bitcoin and Ethereum were still far from competing with their traditional payment counterparts. Second layer protocols were thus produced, and for many, the Lightning Network and other off-chain solutions disquieted critics. But, the work is far from over. These solutions are revealing themselves to be much more complex than simply Bitcoin Cash retardants, and…

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Bitcoin Developer Peter Todd Believes Lightning Network is ‘Maturing’

Category: Bitcoin, Blockchain, Business, Commentary, News, Tech

Bitcoin Developer Peter Todd Believes Lightning Network is ‘Maturing’

Bitcoin developer Peter Todd has finally praised the implementation of the long-awaited second layer scaling solution, the Lightning Network. Todd’s recent experience with the scaling solution saw him take to Twitter on April 21, 2018, when he attempted to make a payment via Bitrefill over the Lightning Network but was not successful. In the subsequent attempt with Acinq, however, the…

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BitMari Successfully Performs First Lightning Network Transaction

Category: Bitcoin, Finance, News

BitMari Successfully Performs First Lightning Network Transaction

A Zimbabwean startup, BitMari, has successfully performed a bitcoin Lightning Network test transaction with Tanjalo, a platform for bitcoin trading in Nigeria. This achievement marks a milestone for payments in Africa as users of this platform should expect lightning fast and extremely low fees on bitcoin transactions. Cross-border Payments Easier With Lightning Network Zimbabwe is a country that over the…

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Lightning Over NFC: Developer Proposal Hopes to Electrify Everyday Payments for Bitcoin

Category: Bitcoin, Blockchain, Finance, News, Tech

Lightning Over NFC: Developer Proposal Hopes to Electrify Everyday Payments for Bitcoin

Lightning Developer Igor Cota has submitted a proposal to connect Lightning with near-field communication (NFC) on April 5, to make everyday payments feasible with bitcoin. The Lightning Network is billed as Bitcoin’s most promising scaling solution, but is still in the alpha phase and lacks a simple user interface. By integrating Lightning with NFC, users could potentially make transactions using…

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‘Matreon’ May Soon Reward Creators via Bitcoin’s Lightning Network

Category: Bitcoin, Blockchain, News, Tech

‘Matreon’ May Soon Reward Creators via Bitcoin’s Lightning Network

On April 6, 2018, Sjors Provoost, a physicist who has now turned his attention to Bitcoin, tweeted the details of an experimental crypto platform similar to Patreon. Described as “a self-hosted platform to receive recurring donations” Provoost is looking to develop a censorship-resistant market equivalent based on the Lightning Network, codenamed Matreon. Matreon: Playing with Lightning The experimental social platform…

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