Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever

Arbitrum's Daily Transaction Count Surpasses Ethereum for the First Time EverAccording to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary […]

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Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count 

Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of […]

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‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network

'Running Drivenet:' Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning NetworkDuring the last few days, a number of cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain project, also referred to as “Drivenet.” The Drivechain project has been a work in progress for years now, and just recently Sztorc published a new version of the Drivenet software. On June 29, the Bitcoin proponent John Light tweeted […]

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Smart Contract Blockchains Are Struggling to Scale

Smart Contract Blockchains Are Struggling to ScaleSecond generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with competition for scarce resources leading to mounting costs and congestion. To tackle these problems, […]

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Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

Ethereum's Wrapped Bitcoin Set to Eclipse the Lightning Network's CapacitySince the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped Bitcoin” Project Has Now Officially […]

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Despite $100K Pledged to Charity, Adam Back Remains Silent Over Proposed Debate

Despite $100K Pledged to Charity, Adam Back Remains Silent Over Proposed DebateThere’s over $100,000 on the line that could be given to charity for about an hour of Adam Back’s time. If he chooses to debate Bitcoin Unlimited’s Peter Rizun over why he thinks it’s a bad idea to scale with larger blocks, Paxful’s Ray Youssef‏ has pledged $100K in addition to Roger Ver’s initial $10K […]

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

Drivechain Creator's Latest Paper Causes Debate About Bitcoin's Future SecurityDrivechain 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 […]

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Blockstream’s Liquid Network Could Be Vulnerable to Hardware Backdoors

Blockstream’s Liquid Network Could Be Vulnerable to Hardware BackdoorsBitcoin technology company Blockstream has conceded its flagship Liquid Network could be susceptible to hardware vulnerabilities. Following recent disclosures that certain Chinese-manufactured motherboards contain backdoors, Blockstream has authored a post conceding that such an exploit could allow an attacker to infiltrate their off-chain bitcoin transfer system. Also read: Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash Hardware […]

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A Look at What It Was Like to Operate the Lightning Network’s Largest Node

A Look at What It Was Like to Operate the Lightning Network's Largest NodeAbout two weeks ago news.Bitcoin.com reported on one guy who controlled the Lightning Network’s (LN) biggest node when he commanded 49 percent of the total funds held within the network. Since then, Andreas Brekken, the owner of the blockchain review website Shitcoin.com, wrote four reviews about his node that held 35.24 BTC and his daily […]

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