The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate.
Lightning Network News
What is Lightning Network? The Lightning Network is a Bitcoin scalability solution. The Bitcoin Lightning Network operates as a layer-two transaction network involving payment channels separate from Bitcoin’s main blockchain, with transactions eventually being settled on the main blockchain.
Bitcoin can only handle approximately seven on-chain transactions per second, as opposed to some mainstream credit cards that frequently handle north of 1,000 TPS. Bitcoin transactions on the Lightning Network often cost less than on-chain transactions. Thanks to the Lightning Network, Bitcoin has added versatility amid increasing use. The Lightning Network white paper was first released in 2015, but its most recently updated version was released in 2016 and remains in draft form.
The quest for a workable Bitcoin scalability solution is still ongoing with developmental efforts in protocols like the Lightning Network and Statechains.24726
Will Bitcoin’s premier layer-two solution finally graduate from experiment to everyday utility, following its adoption by major exchanges?13068
While the number of Bitcoin transactions that can fit in a block remains the same, demand on the network is leading to rising transaction costs.12438
As Lightning Labs continues to expand the Lightning Network’s capabilities, another major exchange announces its plans to integrate.7899
He feels Bitcoin might need such solutions, even with the coin in a store of value role.14138
Amid increasing distrust of custodial solutions and recent upgrades to Bitcoin Core, more Bitcoiners are starting to run their own nodes.9552
Six prominent crypto firms have joined the federation governing Blockstream's Liquid sidechain.9500
Zap is announcing Strike Global, a Bitcoin payments app for global remittances.34658
Traders on Binance can now deposit and withdraw to SegWit (bech32) addresses.29644
Kraken will integrate the Lightning Network to support instant Bitcoin transfers and reduced withdrawal fees.4393
The lightning vulnerability was made public on Oct 9.9390
Larger payment channels on Bitcoin’s Lightning network could be exploited according to an independent developer5423
A digital shop for crypto users that boasts more than 35,000 products has announced that it now supports the Lightning Network.13484
DeFi’s growth has been propelled by the increasing popularity of yield farming and Bitcoin tokenization protocols, according to ConsenSys.2902