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.
A team of coders from Imperial College London and Cornell University has come up with a brand new solution for bitcoin network scalability, which uses trusted execution environment in the components of secure hardware.
Bitcoin’s blocksize debate is about the technical contradiction between the speed of transactions and the network’s centralization. One of the parties, which we may conventionally dub “entrepreneurs”, is interested in the network’s scaling, while the other party, the so called “idealists”, is resisting further centralization. Each of these parties has its arguments, but is there […]
Decentralized social network Yours is closing in on its launch. Currently, the team gives away invites to anyone who had provided their e-mail on the project’s landing page. The invites will be distributed within the next few weeks, however, it’s still unknown whether there’s a limited number thereof.
BitFury Group published a whitepaper describing Lightning Network’s protocol routing as applied to micropayments in Bitcoin network. The proposal is a hybrid routing algorithm incorporating two phases: proactive update of routing scheme, which stores network topology data; and subsequent active data collection if Lightning Network sends a request. â€śFlare will allow for huge scalability of […]
On June 6, bitcoin miners have produced block #415,000. It means that mining reward will halve in less than 5,000 blocks or 42 days.
As ForkLog reported earlier, last week Kyiv hosted Bitcoin Lightning Meetup featuring the Lightning Network team speaking about what their system may give to the cryptocurrency world.
Blockchain.info, a company known mostly for an eponymous bitcoin wallet, has announced the release of Thunder Network in alpha, which is said to be the first implementation of Lightning Network protocol.
On May 12, Ukraine’s capital of Kyiv hosted Bitcoin Lightning Meetup, where the Lightning Network’s team presented their protocol’s advantages and spoke about its possible impact on bitcoin and global economy. In this article the basic implications will be explained.