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Bitcoin Community Celebrates as Crucial Lightning Network Project Launches

Despite it having a strong fundamental premise, Bitcoin’s Lightning Network has yet to see the adoption that its proponents hoped would happen.According to Lightning data provider 1ML, there is only $9 million worth of BTC locked in the network. There are also only 13,000 Lightning nodes, which, while many more

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

During 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,

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Popular Bitcoin Wallet Electrum Now Supports the Lightning Network

Earlier this week, the popular Bitcoin wallet Electrum received a much-awaited update, with developers adding support for the Lightning Network. The latter allows for faster and cheaper BTC transactions, even as it remains under continuous development. Lightning on Electrum Electrum’s latest version launched a beta this week, adding support for Lightning network

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Blockchain Bites: Canaan’s Plunge, Revolut’s Control and Lightning Nodes in Africa

Canaan Creative’s stock dipped below $2, its lowest price since the firm went public in November. Experts say demand for new mining equipment may have weakened after the Bitcoin network’s halving event in May. Meanwhile, the U.S. Air Force is using a blockchain startup to monitor its supply chain logistics, and an

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Bitcoin’s Lightning Protocol Helps “Bootstrap” Mobile Mesh Networks, Here’s How

Mobile mesh networks, a network of peer-to-peer (or device-to-device) connections between mobile phones or IoT devices can be helped significantly by using Bitcoin’s Lightning Network, a recent podcast noted.  Tapping Lightning for SMS Speaking with CryptoX, Adam Levine, Andreas Antonopoulos, and Dr. Stephenie Murphy on the publication’s “Let’s Talk Bitcoin!” podcast, Richard

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Why This Dev Built a ‘Centralized Ethereum’ on Top of Bitcoin’s Lightning

Ethereum was created to carry out complex applications Bitcoin supposedly couldn’t handle. A new app brings the idea full circle. Pseudonymous developer Fiatjaf has created Etleneum, which he describes as a “centralized” version of Ethereum that runs on payments from Bitcoin’s Lightning Network. Hence the name, a portmanteau of “Ethereum” and

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Lightning Network Overhaul Could Strengthen Bitcoin Privacy – But Many ‘Ifs’ Remain

[sociallocker id="55298"] Research is being conducted. Experiments are brewing. Behind the scenes, Lightning Network developers are planning to (eventually) completely rewrite an important part of bitcoin. Known as Bitcoin’s second layer, since most of the action takes place off the blockchain, Lightning is being built out for faster, cheaper and more

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