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Tag: scaling

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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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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Vitalik Buterin: Until Ethereum’s Scalability is Improved, “Developers Are Screwed”

Category: Blockchain, Commentary, Ethereum, News, Tech

Vitalik Buterin: Until Ethereum’s Scalability is Improved, “Developers Are Screwed”

Speaking at the Deconomy conference in South Korea on April 3, Ethereum co-creator Vitalik Buterin discarded the idea to discuss his 12-month vision for the world’s second largest blockchain, in favor of a more basic discussion on blockchain technology and its potential. Transition Is Need Of The Hour This discussion with the present Ethereum developers provided an idea as to…

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Sharding Could Be the Only Way Forward for Ethereum

Category: Blockchain, Ethereum, News, Tech

Sharding Could Be the Only Way Forward for Ethereum

The scalability debate is all across the cryptocurrency community. With major occurrences such as the CryptoKitties debacle clogging up the entire Ethereum network over the span of a few days, it is well-known that the biggest, public blockchains in their current state can’t handle excessive transactions, and hence need to scale. Ethereum’s developers are beginning to notice problems faced on…

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Analysis of SegWit and Bitcoin Cash Transaction Volumes: SegWit is Leaving Bitcoin Cash Behind

Category: Altcoins, Bitcoin, Commentary, Finance, News

Analysis of SegWit and Bitcoin Cash Transaction Volumes: SegWit is Leaving Bitcoin Cash Behind

The research division of BitMEX, a cryptocurrency exchange platform has released a report that shows a comparative analysis of SegWit and Bitcoin Cash. The report which was released on Thursday, March 22, 2018, is an update on an earlier report released six months prior to the SegWit capacity increase. Apart from providing an update on SegWit, adoption, the report also…

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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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What is MAST and How Does it Improve Bitcoin?

Category: Cryptocyclopedia

What is MAST and How Does it Improve Bitcoin?

While bitcoin is the most popular and largest cryptocurrency by market capitalization, it has a relatively simple blockchain which is unable to support some of the features that have made some of its successors popular. Introducing MAST In an effort to increase speeds as well as reduce the fees associated with transactions, the Segregated Witness (SegWit) update was added to…

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SegWit Adoption on the Rise, Reduces Bitcoin Transaction Fees

Category: Bitcoin, Commentary, News, Tech

SegWit Adoption on the Rise, Reduces Bitcoin Transaction Fees

The recent SegWit upgrade at major bitcoin exchanges aimed at speeding up transactions is clearly working as intended, with adoption reaching new highs and doubling in under 48 hours to above 30 percent of all transactions. The popular Bitcoin Core 0.16.0 software upgrade, released on February 15, 2018, had started the rollout for full SegWit support in the wallet and…

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Bitcoin, Lightning, Channel Factories: Will It Really Work?

Category: Bitcoin, Blockchain, Commentary, News

Bitcoin, Lightning, Channel Factories: Will It Really Work?

Channel factories are an optimization feature for the Lightning Network, a popular scaling solution for Bitcoin which is currently still in beta with no exact launch date but is expected to be rolled out in 2018. The Lightning Network could allow Bitcoin to scale to 500 million users by using the blockchain’s built-in scripting language to create off-chain payment channels…

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