A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange.
Category: payment channel
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Chainalysis to Offer Lightning Network Monitoring Service to VASPs in 2022
On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN). According to Chainalysis, firms like exchanges and virtual asset service providers (VASPs) can leverage the company’s Know-Your-Transaction (KYT) real-time transaction monitoring software in order to access compliant bitcoin deposits and withdrawals from […]Powered by WPeMatico
Bitcoin Lightning Network User Loses US$30,000
On paper, the Lightning Network is designed to make Bitcoin a lot more versatile. The world’s leading cryptocurrency struggles when it comes to smaller transactions and payments. With the LN technology, that situation can be rectified in the near future. However, there are still users who lose money using this technology due to force-closing payment channels the wrong way. What Went Wrong? A recent Reddit thread confirmed how one Bitcoin Lightning Network user lost roughly 4 BTC due to a wrong course of action. More specifically, he had an open payment channel which he decided to force-close. This is a
The post Bitcoin Lightning Network User Loses US$30,000 appeared first on The Merkle Hash.
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Satoshi’s Place Is the New Battleground for Bitcoin Core and Cash Supporters
There aren’t many things that bitcoin core and bitcoin cash supporters can agree on. If the two camps were a couple, they could reasonably be described as having irreconcilable differences. When Satoshi’s Place, a virtual graffiti wall powered by the Lightning Network (LN) sprang up, it was inevitable that the BTC and BCH factions would […]
The post Satoshi’s Place Is the New Battleground for Bitcoin Core and Cash Supporters appeared first on Bitcoin News.
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