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.

News
The lightning vulnerability was made public on Oct 9.
Lightning network vulnerability discovered, upgrade immediately
Anupam Varshney
2020-10-09T04:08:56+01:00
9117
News
Larger payment channels on Bitcoin’s Lightning network could be exploited according to an independent developer
Developer reveals 'biggest unsolvable Lightning attack vector'
Martin Young
2020-09-23T02:57:25+01:00
5142
Sponsored
A digital shop for crypto users that boasts more than 35,000 products has announced that it now supports the Lightning Network.
How a Crypto-Focused Shop With 35,000 Items Made BTC Payments Faster
Connor Blenkinsop
2020-08-05T18:37:00+01:00
12951
News
DeFi’s growth has been propelled by the increasing popularity of yield farming and Bitcoin tokenization protocols, according to ConsenSys.
ConsenSys: BTC Tokenization and Yield Farming Drives DeFi Growth
Samuel Haig
2020-07-15T04:26:00+01:00
2770
News
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.
App Connects Bitcoin and Lightning Payments Directly to Your Bank Account
Jack Martin
2020-07-06T14:02:00+01:00
11293
News
The Lightning Network is susceptible to attacks that could drain Bitcoin wallets by flooding the blockchain.
Researchers Say New Lightning Network Attack Could Create ‘Chaos’
Felipe Erazo
2020-06-29T22:38:00+01:00
8896
Use Case
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.
Proof-of-Work vs. Proof-of-Stake for Scaling Blockchains
Frank Edwood
2020-06-23T12:54:00+01:00
6198
News
A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network.
1,000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network
Samuel Haig
2020-05-13T05:48:00+01:00
25525

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