Category Archives: Lightning Network

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Increased SegWit Adoption May have Finally Solved Bitcoin’s Fee Problem

Increased SegWit Adoption May have Finally Solved Bitcoin’s Fee ProblemA couple months after two of the largest cryptocurrency trading exchanges, Bitfinex and GDAX, finally adopted the bitcoin SegWit protocol, transaction fees for the currency are finally back to reasonable levels. Bitfinex, on February 20 2018, announced support for bitcoin deposit and withdrawals using P2SH Segregated… Read More »

Mysterious Developer bitPico Claims Responsibility for Lightning Network DoS Attack

Mysterious Developer bitPico Claims Responsibility for Lightning Network DoS AttackMysterious Bitcoin developer bitPico has confirmed rumors that they have launched an attack against the Lightning Network’s nascent mainnet implementation. The pseudonymous individual or group made the announcement on the bitPico Twitter account, describing the attack as a “stress tool” for the LN software — which… Read More »

‘We Need an International Discussion on Cryptocurrencies’: OECD’s Medcraft

‘We Need an International Discussion on Cryptocurrencies’: OECD’s MedcraftGreg Medcraft, Director of the Directorate for Financial and Enterprise Affairs of the OECD, recently revealed that he believes we need an “international discussion on cryptocurrencies,” and that blockchain technology will propel the “next revolution.” During an interview on the sidelines of G20 with Brazilian news outlet… Read More »

Public Blockchain On-Chain Scaling ‘Degrades Decentralization’: Microsoft Researcher

The post Public Blockchain On-Chain Scaling ‘Degrades Decentralization’: Microsoft Researcher appeared first on CCN A team of Microsoft blockchain researchers has concluded that on-chain scaling — a method employed by Bitcoin Cash and other cryptocurrencies — is antithetical to decentralization and will not provide a network with the ability to operate at “world-scale.” On-Chain Scaling… Read More »

‘Zap’: Developers Release Lightning Network Beta Wallet

The post ‘Zap’: Developers Release Lightning Network Beta Wallet appeared first on CCN Developer Jack Mallers has announced that Lightning Network wallet Zap is ready for testnet use with its Beta release on Monday. The project has been open-source since its inception, but the release of Zap aims to make transacting on the Lightning Network… Read More »

‘Testnet Is So Boring’: TorGuard Accepts Bitcoin Mainnet Lightning Payments

The post ‘Testnet Is So Boring’: TorGuard Accepts Bitcoin Mainnet Lightning Payments appeared first on CCN Virtual private network (VPN) service TorGuard has begun accepting Lightning Network payments on the main bitcoin network, even though the technology has yet to receive an official production release. TorGuard made the announcement on Twitter, stating that “testnet is… Read More »