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Remember that layer two scaling solution they promised for Bitcoin back in the day? Does anyone know what happened to it? It feels like we’ve been waiting for a finished Lightning Network longer than Mt. Gox victims have been awaiting restitution. For now, Lightning is accessible to users with the skills to navigate its quirks […]
The post What’s the Deal With the Lightning Network? appeared first on Bitcoin News.
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Do you want every person you ever transact with to know how much is in your wallet and your net worth? Of course not. That’s why you need and want to mix your coins to hide where they came from before you use them. The degree of privacy you can expect by default, however, varies […]
The post BCH vs. BTC: Which Offers Greater Privacy? appeared first on Bitcoin News.
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How do you scale a blockchain so that it can process hundreds or even thousands of transactions per second – but without compromising on decentralization? It’s a question that has kept some of the brightest minds in the space awake at night, and some of the more ardent crypto factions sniping at each other for […]
The post Three Very Different Paths to Blockchain Scaling appeared first on Bitcoin News.
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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. […]
The post Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran appeared first on Bitcoin News.
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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 and the Lightning Network From the perspective of using Bitcoin as money, it quickly becomes apparent there is a lot of work left to be done these days. Not only is Bitcoin relatively difficult to obtain for the average person on the street, effectively “owning”
The post Bitcoin is now “Granny-Proof” Courtesy of the Lightning Network appeared first on The Merkle Hash.
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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 […]
The post Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security appeared first on Bitcoin News.
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Bitcoin Core (BTC) developer Luke Dash Jr has once again sparked controversy with his idea to shrink the BTC chain’s block size down to 300kb. It’s not the first time the concept was proposed by the developer, but this time around there’s more support for the idea in order to drive Lightning Network adoption. Also […]
The post Core Developer’s 300kb Block Proposal Bolstered in Bid to Push Lightning Adoption 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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Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project’s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any Drivenet coins to be swapped between any blockchain protocol. On […]
The post Sideshift App Demonstrates a Trade Between Lightning Network BTC and Tether appeared first on Bitcoin News.
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Charlie Lee, the creator of Litecoin (LTC), has been announced as an adviser to the development of HTC’s “Exodus” blockchain phone following Mr. Lee’s recent tweet that stated he had met with the HTC team and that the Exodus phone will natively support LTC. Also Read: Football Team in Gibraltar to Pay Its Players in Cryptocurrency […]
The post HTC ‘Exodus’ Blockchain Phone To Support LTC, Lee to Advise Project appeared first on Bitcoin News.
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