Developer Identifies Major Loophole in Bitcoin Lightning Network
Riard noted in his report that the implications of the vulnerability could extend well beyond the Lightning Network.
The cryptocurrency world is growing really fast offering high-profile and sophisticated projects to the Bitcoin community. Sidechain Elements and Lightning Network are those incredible ideas that are coming true.
Riard noted in his report that the implications of the vulnerability could extend well beyond the Lightning Network.
According to Arkham, Coinbase owns about 5% of all Bitcoin currently in existence, nearly as much as BTC creator Satoshi Nakamoto’s holdings.
While Coinbase is still planning to leverage the Bitcoin Lightning Network, the company’s rival Binance already completed the integration of the L2 network last month.
Due to the recent failures and flaws of the traditional banking system, Bitcoin’s potential to foster a more secure global economy may have come to light in a new way.
Businesses and developers can now send US Dollars over the Lightning Network.
Bitnob will use the “Send Globally” feature for instant transfer of fiat currencies between Europe and Africa by leveraging the Bitcoin Lightning Network.
With the new software, developers can now mint, send, or receive assets on the Bitcoin blockchain.
OKEx notes that the new Lightning Integration will help to significantly reduce average transaction costs and improve transaction times while improving the user experience on the platform.
Happy Bitcoin Pizza Day! Ten years ago, a programmer from Las Vegas made the first-ever purchase with Bitcoin. The deal has made it into history, 22 May has become a great day, and the programmer will be forever known as “Bitcoin Pizza Guy”.
At the new capacity, Lightning Network can handle nearly $2 million worth of BTC in payment channels.