#Lightning Network

Bitcoin Transaction Volume in 2018 Exceeds $410 Billion

According to data provided by Blockchain. com, over $410 billion was transacted in Bitcoin (BTC) in 2018, averaging over $13,000 per second.

Sky Is No Limit – Blockstream Bitcoin Satellite Service Boosted With Lightning Network Payments

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.

Lightning Network Isn’t The Ultimate Solution to Bitcoin Scaling Issues Says Bitrefill CEO Sergej Kotliar

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.”

Bitrefill CEO Sergej Kotliar: Bitcoin’s Future is Very Bright

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.

Teechan: New Bitcoin Scalability Solution Unveiled

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.

Trustless Banknotes: A Neoclassical Solution for Blocksize Debate

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 to Use Lightning Network

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 Releases a Proposal on Micropayments Routing in Lightning Network

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. “Flare will allow for huge scalability of […]

Lightning, Halving and ToTheMoon

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.

From the Fields of Lightning: Kyiv Bitcoin Lightning Network Meetup

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.

Lightning and Thunder: Blockchain.info Releases Alpha Version of Lightning Network’s Analogue

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.

Lightning Meetup in Kyiv: What Will Happen to Bitcoin After Lightning Network

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.