lightning network

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Business Owner’s Seething Critique of the Lightning Network Goes Viral

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A business owner who runs a media company in Australia and pays employees remotely in the Philippines has given his honest opinion on what it’s like to use the Lightning Network (LN). Jason Smith’s experience of attempting to use LN for payments was filled with frustration. He reports that the fundamental structure of the offchain … Read more

Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran

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On Feb. 22, bitcoiners rejoiced when the financial banking giant Fidelity was handed the ‘Lightning torch’ as the Lightning Network’s social experiment was passed on to its latest bearer. Then, two days later, the new Lightning torch holder made the decision to exclude passing it on to a cryptocurrency executive from Iran because of U.S. … Read more

Bitcoin is now “Granny-Proof” Courtesy of the Lightning Network

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One often heard complaint about Bitcoin and other similar projects is how this technology is very difficult to use. Younger generations seem to struggle less with this new concept of money. Although Bitcoin is far from granny-proof at this stage, a recent Lightning Network trial confirmed things are heading in the right direction. Older Generations … Read more

Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security

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Drivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Also … Read more

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