As questions circle about the network’s capacities following surging transaction costs and accelerating activity in the decentralized finance (defi) arena, Ethereum’s founder Vitalik Buterin opines that layer-2 solutions could help the network scale by a factor of 100x in mere months to meet growing demand. Sidechain Bundling Touted as Workaround to Current Network Congestion Ethereum […]
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A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts on an already heavily scrutinized protocol, and whether […]
The post Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins appeared first on Bitcoin News.
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The Lightning Network has been touted as the solution to the Bitcoin Core (BTC) network’s scalability problem for years now. Over the last few months, the Lightning Network has shown growth but there are still significant concerns about centralization, routing issues, and creating a usable mainstream-friendly interface. The ongoing joke that the network is “18 […]
The post 18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’ appeared first on Bitcoin News.
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Lately, there’s been a lot of discussion about a new concept called ‘Channel Factories.’ The technology ultimately makes the Lightning Network (LN) a ‘third layer’ and a ‘new layer’ rests in between the bitcoin blockchain and LN payment channels. Also read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot Channel Factories: Adding Another Layer […]
The post A New Second Layer: Channel Factories appeared first on Bitcoin News.
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