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
Cryptocurrency exchange Bitfinex and crypto store Bitrefill have partnered to allow the trading platform’s clients to shop with Bitcoin over Lightning Network.
Bitfinex Allows Lightning Network Shopping on Bitrefill with Bitcoin
Adrian Zmudzinski
2019-12-04T22:07:00+00:00
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A senior executive confirms users will be able to make Lightning payments from this week via a partnership with Bitrefill, with another announcement forthcoming...
Bitcoin Lightning Network Payments Hit Bitfinex in Industry First
William Suberg
2019-12-03T08:17:00+00:00
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One month on, a Redditor who “lost” 4 Bitcoin on the Lightning Network has published advice to the public based on his experience.
Guy Who ‘Lost’ 4 BTC on Lightning Network Has Recovered Most Funds
Marie Huillet
2019-12-02T09:17:00+00:00
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The Tor Project, the nonprofit organization behind the anonymous network Tor, announced that it now accepts Bitcoin donations via the Lightning Network.
Tor Project Now Accepts Bitcoin Over Lightning Network
Adrian Zmudzinski
2019-11-20T11:49:00+00:00
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News
Online gaming platform Donnerlab lets gamers hunt for Bitcoin and pick-up Satoshi cubes in a fully lightning-native multiplayer first-person shooter game.
Online Gaming Platform Lets Gamers Collect BTC In First-Person Shooter Game
Joeri Cant
2019-11-20T00:38:00+00:00
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Ex-Wall Street trader Nik Bhatia says the Lightning Network has made Bitcoin an unprecedented asset by combining a store of value with medium-of-exchange scale ...
Wall Street Trader: Bitcoin’s Lightning Network ‘Pulled Me in’
Marie Huillet
2019-11-19T11:49:00+00:00
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The venture capital mogul highlighted the role of payment processors in helping boost Bitcoin price, which could reach millions of dollars.
Lightning Network Will Drive Bitcoin to $250,000 by 2023 — Tim Draper
William Suberg
2019-11-13T10:05:00+00:00
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Bitcoin can now be spent to book housing at Airbnb via Fold app gift cards alongside other big-name retailers such as Amazon, Starbucks and Uber.
Airbnb Now Bookable With Bitcoin and Lightning Network via Fold App
Helen Partz
2019-11-11T18:39:00+00:00
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