Amid increasing distrust of custodial solutions and recent upgrades to Bitcoin Core, more Bitcoiners are starting to run their own nodes.
Lightning Network News
The Lightning Network is a payment protocol that works as a second layer on top of a blockchain. A large number of those in the cryptocurrency community suggested Lightning Network as a fix to Bitcoin’s scaling problem.
The Lightning Network opens a payment channel by setting up a multisignature wallet that holds some amount of cryptocurrency, and then a savings wallet address in the blockchain. Having a payment channel, parties can make an unlimited amount of transactions that are not made public in the blockchain. After all planned transactions are completed, the resulting balance is saved in the blockchain and parties can recover their share of the wallet. You can also use other payment channels or multiple channels to reach your partner, with the network finding the shortest way. Lightning is not as secure as the blockchain itself, but it may be widely adopted for small transactions, and it will reduce the strain on the blockchain, making it more scalable.
Six prominent crypto firms have joined the federation governing Blockstream's Liquid sidechain.9213
Zap is announcing Strike Global, a Bitcoin payments app for global remittances.32598
Traders on Binance can now deposit and withdraw to SegWit (bech32) addresses.28831
Kraken will integrate the Lightning Network to support instant Bitcoin transfers and reduced withdrawal fees.4164
The lightning vulnerability was made public on Oct 9.9338
Larger payment channels on Bitcoin’s Lightning network could be exploited according to an independent developer5325
A digital shop for crypto users that boasts more than 35,000 products has announced that it now supports the Lightning Network.13412
DeFi’s growth has been propelled by the increasing popularity of yield farming and Bitcoin tokenization protocols, according to ConsenSys.2838
The Strike app hopes to encourage mass adoption of Bitcoin and the Lightning Network by connecting it directly to a bank account or debit card.12454
The Lightning Network is susceptible to attacks that could drain Bitcoin wallets by flooding the blockchain.8989
It’s no secret that cryptocurrency has a scaling issue, so we look at various ways either proof-of-work or proof-of-stake could be effective.7155
A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network.25625
On Sunday, Lightning Labs CEO Elizabeth Stark explained why exchanges have been hesistant to integrate Bitcoin’s Lightning Network.12117
If Bitcoin does not hit $250,000 by early 2023, Tim Draper jokingly says he’ll eat a raw egg.32698