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
NULS releases ‘blueprint’ for Nerve Network, a cross-chain protocol, whose mysterious mastermind until now was only known as “Berzeck”.
The Mysterious Founder of Cross-Chain Protocol Reveals His Identity
Michael Kapilkov
2020-03-26T22:30:00+00:00
2788
Analysis
Most research grants for crypto firms are coming from independent companies and organizations with massive financial backings.
Blockchain R&D Funding Is Vital, but It Mostly Comes From One Source
Shiraz Jagati
2020-03-11T13:53:00+00:00
3493
Analysis
Recent studies have shown the Lightning Network is struggling, but are these teething problems or longer-term issues?
Lightning Networks Has Yet to Strike Adoption, but Don’t Count It Out
Nikolai Kuznetsov
2020-03-09T15:50:00+00:00
2212
News
The Lightning Network was found to be more centralized than initially believed, increasingly relying on hubs through a core-periphery model observed by research...
Bitcoin’s Lightning Network Found More Centralized Than Expected by Researchers
Andrey Shevchenko
2020-02-21T15:29:00+00:00
2693
In depth
Industry experts tell Cointelegraph about the latest cryptography innovations and how they will influence the future of cryptocurrencies.
The Future of Crypto: The Latest Cryptography Advances Set to Change Blockchain
Adrian Zmudzinski
2020-02-20T22:10:00+00:00
10322
Profile
Fighting for human rights and equality for a better future for humanity: From academia to crypto and the tech that stands behind it.
Elizabeth Stark: From Human Rights to Humanity’s Decentralized Future
Max Yakubowski
2020-02-16T17:00:00+00:00
2344
News
Twitter and Square make major gains following revenue reports, while Jack Dorsey-sponsored Lightning Labs sees $10 million funding.
Twitter, Square Stock 20% Price Surge Boosts Bitcoin Lightning Network
William Suberg
2020-02-07T09:41:00+00:00
6410
News
Financial services and mobile payment company Square gets a patent to turn fiat into crypto in real-time point-of-sale transactions.
Jack Dorsey’s Square Awarded Patent for Real-Time Crypto-to-Fiat Swaps
Andrew Calderaro
2020-01-22T22:18:00+00:00
5964

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