“Lightning is great and something we’ll integrate,” Armstrong said in response to an allegation that he was “ignoring” the network.
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Category: Scaling Solution
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ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset
A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn […]Powered by WPeMatico
Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model
The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, […]Powered by WPeMatico
Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023
On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023. Decentralized Autonomous Organization Soft Launches Mantle, a […]Powered by WPeMatico
Zksync Devs Plan to Launch Layer 3 Scaling Solution Called ‘Opportunity’ in Q1 2023
Matter Labs, the team behind the Ethereum layer two (L2) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept called “Opportunity” in the first quarter of 2023. The team says that the prototype of L3 will be built on top of L2 and developers and Zksync users can […]Powered by WPeMatico
Ethereum scaling network Arbitrum set for major upgrade on Aug. 31
The Nitro upgrade will further improve the transaction fee crisis that has plagued the growth of the Ethereum network over the last two years.
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Researcher’s Scathing Lightning Network Analysis Finds Flaws
On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network (LN) which claims LN infrastructure isn’t decentralized and privacy-preservation is a myth. Rosenthal’s analysis found significant flaws with the LN fee system and the editorial insists “in order for Lightning Network to provide privacy, it must be massively over-capitalized.” Also […]
The post Researcher’s Scathing Lightning Network Analysis Finds Flaws appeared first on Bitcoin News.
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Lightning Network’s Antifraud Methods Inferior to Nakamoto Consensus, Research Shows
The Lightning Network, the touted scaling solution for the BTC chain, has recently seen its capacity decrease significantly and the beta project is still best suited for a cliche of technically savvy users. Now according to an analysis by Bitmex Research, the Lightning Network’s nodes have taken 2.2 BTC in “justice transactions” even though the […]
The post Lightning Network’s Antifraud Methods Inferior to Nakamoto Consensus, Research Shows appeared first on Bitcoin News.
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Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees
Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.” Also […]
The post Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees appeared first on Bitcoin News.
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Looking Beyond the Lightning Network Hype: Every Day Users Experience Issues
Over the past few months, there’s been a lot of headlines and new wallets created for the notorious Lightning Network — The second layer payment protocol that’s being touted as a solution to the BTC chain’s scaling issues. The project is in its very early stages as the technology is still in beta, but people are […]
The post Looking Beyond the Lightning Network Hype: Every Day Users Experience Issues appeared first on Bitcoin News.
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