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
Six prominent crypto firms have joined the federation governing Blockstream's Liquid sidechain.
Blockstream expands Liquid Federation, but LBTC adoption remains slow
Martin Young
2021-01-12T04:56:11+00:00
9196
News
Zap is announcing Strike Global, a Bitcoin payments app for global remittances.
Visa-backed Bitcoin startup to launch Lightning-based global payments app
Andrey Shevchenko
2021-01-07T13:04:17+00:00
32474
News
Traders on Binance can now deposit and withdraw to SegWit (bech32) addresses.
Binance enables SegWit support for Bitcoin deposits as adoption grows
Sam Bourgi
2020-12-25T21:53:00+00:00
28810
News
Kraken will integrate the Lightning Network to support instant Bitcoin transfers and reduced withdrawal fees.
Kraken announces Lightning Network integrations for 2021
Samuel Haig
2020-12-16T14:00:00+00:00
4158
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
9335
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
5323
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
13410
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
2838

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