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Tag: Lightning Network

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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Unveiling Blockstream’s 7 Lightning Apps (LApps)

Category: Bitcoin, Blockchain, News, Tech

Unveiling Blockstream’s 7 Lightning Apps (LApps)

Blockstream, a leading blockchain company, has been at the forefront of developing applications for this new breed of blockchain protocols that could be immensely beneficial not only to the industry but to the global business process at large. Since March 22, 2018, the firm has been unveiling one new LApp every day and there are seven of such LApps. The…

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Bitcoin’s Lightning Network Gets its First LApp from Blockstream: FileBazaar

Category: Bitcoin, Blockchain, Business, News, Tech

Bitcoin’s Lightning Network Gets its First LApp from Blockstream: FileBazaar

Blockstream released the first of their Lightning Apps (LApps) on March 22, as part of their seven days of LApps, with six more planned to be unveiled every day until March 28. By using bitcoin, you will be able to buy and sell digital files with micropayments on the Lightning Network. FileBazaar Builds on Lightning Charge The Lightning Network is…

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Vertcoin Developer Proposes Hardware Device for Lightning Network

Category: Altcoins, Bitcoin, Blockchain, News

Vertcoin Developer Proposes Hardware Device for Lightning Network

James Lovejoy, the lead developer of Vertcoin, recently spoke at the MIT Bitcoin Expo 2018, held March 18, on the subject of bitcoin’s upcoming Lightning Network and the technical challenges it may face once fully rolled out. During his presentation, he also explained how a new forthcoming hardware-based project, named Litbox, can potentially assist in the successful deployment of the…

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Stellar is Looking to Incorporate the Lightning Network

Category: Altcoins, Blockchain, Finance, News, Tech

Stellar is Looking to Incorporate the Lightning Network

On March 19, the Stellar team released technical specifications and guidelines for the implementation of the Lightning Network, the Bitcoin scalability solution enabled by SegWit. The move follows the introduction of Lightning to the mainnet of both Bitcoin and Litecoin as BTCManager reported on March 16. When Bitcoin became popular in 2009, it was strongly viewed as an alternative means…

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A New Dawn for Bitcoin as Lightning Network Daemon (LND) Beta Finally Goes Live

Category: Altcoins, Bitcoin, Blockchain, News, Tech

A New Dawn for Bitcoin as Lightning Network Daemon (LND) Beta Finally Goes Live

Bitcoin is no doubt the king of cryptocurrencies. However, the Bitcoin blockchain has a severe scalability issue that is threatening to make the world’s flagship cryptocurrency lose its golden crown if proper care is not taken. A handful of experiments have shown in recent times that the Lightning protocol would surely make bitcoin great again. Now, Lightning Labs, a team…

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Ethereum Founder says Plasma Cash will Prevent Crypto Exchanges From Getting Hacked

Category: Blockchain, Ethereum, News, Tech

Ethereum Founder says Plasma Cash will Prevent Crypto Exchanges From Getting Hacked

Vitalik Buterin, the co-founder of Ethereum, recently proposed a new scaling solution called Plasma Cash. He made a rare appearance to speak at the Ethereum Community Conference in Paris, held on March 9, 2018. Plasma Cash is an extension of the Plasma scaling model and is being jointly developed by Vitalik Buterin, Dan Robinson, and Karl Floersch. What is Plasma?…

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Japan-based Electricity Provider Experiments with Bitcoin’s Lightning Network

Category: Bitcoin, Business, Finance, News, Tech

Japan-based Electricity Provider Experiments with Bitcoin’s Lightning Network

The Lightning protocol is touted as a permanent solution to the scalability problems plaguing the Bitcoin network. Therefore enthusiasts and developers all around the world have been experimenting with Lightning to find out if it’s truly the solution to Bitcoin’s challenges. Chubu Electric Trials Lightning Chubu Electric Power Co., Japan’s third-largest electricity company, in collaboration with an Internet of Things…

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What is Groestlcoin And is it a Good Investment?

Category: Cryptocyclopedia

What is Groestlcoin And is it a Good Investment?

There are currently over 1,500 crypto assets cryptocurrencies that investors can choose from to construct their digital asset portfolios. While the bulk of a portfolio should ideally be composed of the market-leading coins and tokens such as bitcoin, ether, litecoin, monero, and ripple there is always space for a few smaller coins that have the potential to multiply in value…

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