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Blockchain Day Emirates • December 15, 2018

Blockchain Day Emirates – is an event that brings together the world’s leading visionaries, innovators, and thinkers to explore new…

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Tag: Lightning Network

Open Source Project Allows e-Bike Rentals in Seconds over Bitcoin’s Lightning Network

Category: Bitcoin, Blockchain, Cryptocyclopedia, News, Tech

Open Source Project Allows e-Bike Rentals in Seconds over Bitcoin’s Lightning Network

Matthias Steinig, a German programmer, has developed a new mechanism that allows e-bikes to be rented in exchange for payments on the bitcoin Lightning Network. A prototype built using a modified bicycle is already fully functional and has been demonstrated in a video posted on Twitter. The Lightning Bike The project involves a device connected to the bike that controls…

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OpenNode: Bitcoin’s Lightning Network’s Own “PayPal”

Category: Bitcoin, Blockchain, Business, Cryptocyclopedia, Development, Finance, News

OpenNode: Bitcoin’s Lightning Network’s Own “PayPal”

Bitcoin had a steady start as a medium of exchange and has slowly begun challenging the hundreds of decades-old fiat money system. Businesses are now moving towards developing systems which could aid the further adoption of the pioneer cryptocurrency over fiat. Bitcoin Payment Processing: An Introduction To explain in brief, bitcoin payments processing means to provide tools and services which…

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LightningHood Website Features Promising Projects and Resources for Lightning Network

Category: Bitcoin, Development, News, Platform, Tech

LightningHood Website Features Promising Projects and Resources for Lightning Network

Bitcoin and Lightning Network enthusiasts recently launched a website dedicated to featuring projects supporting the speedy second layer solution. According to the LightningHood’s Medium blog post, published on December 2, 2018, LightningHood is keen to help the growing community by providing everyone in the ecosystem access to resources such as developers, Lapps, and nodes, and recognize the people working to…

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Bitcoin Tumbles By 12 Percent As Bitcoin Cash Hash War Spooks Investors

Category: Altcoins, Bitcoin, Blockchain, Business, Ethereum, Finance, News, Platform, Tech

Bitcoin Tumbles By 12 Percent As Bitcoin Cash Hash War Spooks Investors

The price of bitcoin broke away from its “stablecoin mark” in the mid-6,000s and dropped by over twelve percent as a result of the bitcoin cash (BCH) hash war that has spooked investors and highlighted how fragile and volatile the digital currency sector still is. On Thursday, the bitcoin cash (BCH) network split into two after disagreements among critical stakeholders…

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Lightning Network Achieves Another Milestone as it Surpasses 4,000 Nodes

Category: Bitcoin, Blockchain, News, Platform, Tech

Lightning Network Achieves Another Milestone as it Surpasses 4,000 Nodes

According to 1ML.com, a search engine dedicated solely to Lightning Network metrics, the second layer, off-chain scaling solution for bitcoin has reached a new milestone, as it passed 4000 nodes for the first time at press time, November 14, 2018. Lightning Network Takes a Charge Bitcoin’s second layer solution created to enable rapid and affordable payment, Lightning Network has taken…

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Charlie Lee and Roger Ver Debate Lightning Network’s Viability

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Platform, Tech

Charlie Lee and Roger Ver Debate Lightning Network’s Viability

Bitcoin Cash’s most vocal advocate Roger Ver and Litecoin creator Charlie Lee sat down for a conversation touching on various topics relevant to digital currencies as well as the cryptocurrency community. The debate was held at the end of the recently concluded CoinsBank Blockchain Cruise. While defined as an interview about the Lightning Network, the interaction between the two can…

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Report: Bitcoin’s New Price Ceiling at $100,000

Category: Bitcoin, Blockchain, Finance, News, Platform, Tech

Report: Bitcoin’s New Price Ceiling at $100,000

An article published October 8, 2018, talks about why Bitcoin’s highest valuation is now $100,000. This number is derived from the strong relationship between network activity and price that the cryptocurrency has shown in the past. In layman terms, the busier Bitcoins network is, the more each coin is worth. However, technical restrictions dampen Bitcoins growth, at least in the…

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Lightning Tasks Allows you to Earn Bitcoin for Completing Micro Tasks

Category: Adoption, Bitcoin, Blockchain, Cryptocyclopedia, Development

Lightning Tasks Allows you to Earn Bitcoin for Completing Micro Tasks

Developers have created a new proof of concept website based on Bitcoin’s Lightning Network to showcase how small-scale payments can be completed near instantly. Showcased at the premier bitcoin conference, Baltic Honeybadger 2018 in Latvia, Lightning Tasks allows anyone to earn a few satoshis by completing simple tasks. The official video demo involves the user transcripting text from a picture….

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Bitcoin Core Bug Resolved in 0.16.3 Client: Threatened Security of Lightning Network

Category: Altcoins, Bitcoin, Development, Mining, News

Bitcoin Core Bug Resolved in 0.16.3 Client: Threatened Security of Lightning Network

A GitHub report opened on September 17, 2018, revealed a recent bug in the Bitcoin Core versions 0.14.0 to 0.16.2. The exploit threatened to crash Bitcoin Core if the most recent version wasn’t updated. The anonymous reporter reached out to developers of the pioneer cryptocurrency with their findings, after which Anthony Towns, Hennadii Stepanov, Matt Corallo, Suhas Daftuar, Wladimir J….

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Lightning Ramm and Casa Partner to Launch Lightning Node Device to Scale Payments

Category: Bitcoin, Blockchain, Business, News

Lightning Ramm and Casa Partner to Launch Lightning Node Device to Scale Payments

On September 4, 2018, Casa, the crypto startup assisting in securely storing digital currencies, has launched a new lightning node dubbed the Casa Lightning Node. As per their Medium blog, the company is accepting payments in bitcoin and credit cards for the devices. Getting Your Hands on a Lightning Node The Lightning Ramp team that launched a system to connect…

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