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Researchers Highlight Privacy Issues With Lightning Network

Researchers from the Norwegian University and the University of Luxembourg have published a research paper detailing an attack that can deanonymize transactions broadcast across Bitcoin’s Lightning Network. The Lightning Network emerged as a controversial compromise from the Bitcoin (BTC) block limit and scalability debate. It’s a second layer solution that

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Bitcoin’s Lightning Network Found More Centralized Than Expected by Researchers

The Lightning Network’s (LN) configuration is becoming increasingly centralized, with multiple hubs being formed. This is the finding of a yet-to-be-reviewed research paper, released on pre-print site arXiv on Feb. 7.A team of academics from Switzerland, France, Italy and Canada authored the paper. Jian Hong-Lin and Kevin Primicerio conducted

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Bitcoin’s Lightning Network Is Growing ‘Increasingly Centralized,’ Researchers Find

Bitcoin's lightning network is growing "increasingly centralized," making it more susceptible to attacks, asserts a new paper by security researchers.Seen as a potential solution to bitcoin's scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been

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Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling

In particular, its structure seems to become increasingly similar to a core-periphery one, with well-connected nodes clustering together (as revealed by the study of the eigenvector centrality). More precisely, our analysis reveals the presence of many star-like sub-structures with the role of centers played by the hubs, seemingly acting as

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Jack Dorsey-backed Lightning Labs Secures $10M to Create Visa Network for Bitcoin

CEO Lightning Labs Elizabeth Stark announced that the company has raised $10 million to further develop their project and scale the developer ecosystem. The tech company also launched its flagship product Beta Loop after a series of testing.Through a medium blog post, Lightning Labs CEO and Co-founder Elizabeth Stark announced

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Lightning Labs Secures $10M in Investments, Releases Beta of First Paid Product

Lightning Labs, the developer of the high-speed transaction protocol Lightning Network (LN), has secured $10 million in Series A funding round.The news was announced by Lightning Labs CEO and co-founder, Elizabeth Stark, in a blog post on Feb. 5. The company plans to allocate the raised funds to further

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Platform Will Support More Cryptocurrencies and Possibly Lightning Network

During an exclusive interview with CryptoX, BitPay CEO Stephen Pair said that the platform would soon add support for more cryptocurrencies, along with a possible Lighting Network integration.While Pair was unable to disclose which cryptos would be added to the platform next, he mentioned there’s focus on the top

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