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 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
8406
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
3935
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
24667
News
On Sunday, Lightning Labs CEO Elizabeth Stark explained why exchanges have been hesistant to integrate Bitcoin’s Lightning Network.
Here’s Why Exchanges Haven’t Integrated Bitcoin’s Lightning Network
Kyle Torpey
2020-05-11T23:52:00+01:00
11132
News
If Bitcoin does not hit $250,000 by early 2023, Tim Draper jokingly says he’ll eat a raw egg.
Tim Draper Doubles Down on His $250k BTC Prediction
Michael Kapilkov
2020-04-28T02:33:00+01:00
26290
News
The total fees paid for on-chain Bitcoin transactions over the last 24 hours increased by over 50% today.
Total BTC Fees for On-Chain Transactions Surged 50% in Last 24 Hours
Adrian Zmudzinski
2020-04-23T22:00:00+01:00
5087
News
Vietnamese online ticketing agency Future.Travel now accepts Bitcoin payments via the Lightning Network, with funds being converted into local currency at the t...
Major Asian Ticketing Agency Accepts Bitcoin on Lightning Network
Ana Alexandre
2020-04-20T13:47:00+01:00
3861
News
The Lightning-compatible Fold app has joined Visa’s Fintech Fast Track Program to roll out a co-branded Bitcoin cashback rewards card.
Visa Backs New Bitcoin Rewards Card From Lightning-Friendly Fold
Marie Huillet
2020-04-09T14:00:00+01:00
7498

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