3 transactions per second – that is the current capacity of Bitcoin. The price of the cryptocurrency is closely tied to its ability to process at least as many transactions as the traditional financial services. The Lightning Network may be the solution, but the mass adoption of this technology is likely to face some problems.
Happy Bitcoin Pizza Day! Eight years ago Laszlo Hanyecz made a history buying two pizzas for 10,000 Bitcoins. It was the first ever purchase with BTC.
The well-known cryptocurrency investor strikes an upbeat tune about Bitcoin Cash (BCH) despite its steady decline in price in the wake of recent hard fork that he called an upgrade.
Bitcoin Cash, launched on August 1, 2017 as a result of dividinng Bitcoin, is making several upgrades today. The most sufficient changes are increasing of the maximum blocksize from 8 to 32 MB, adding or reactivating several Bitcoin script operation codes.
The total number of active nodes on Lightning Network,the most exciting development in the whole blockchain ecosystem, has crossed 2,000, while its total network capacity has passed $150,000.
Lightning Labs continues its way of changing the crypto ecosystem, offering more advanced, faster and cheaper transactions than blockchain does.
The mainnet release of the Lightning Network software is deemed as one of the most thoroughly tested versions of the Lightning Network technology.
With the ongoing speed of the development of Lightning Network, analysts believe that the official release of the first version of the mainnet can occur anytime soon.
Laszlo Hanyecz, the first BTC pizza purchaser does it again, but this time through a Lightning Network.
Coingaming Group, a famous Bitcoin gaming operator, is looking forward to adopt Bitcoin’s Lightning Network – a breakthrough payment solution.
On January 24, Bitcoin’s new hard fork named Bitcoin Atom (BCA) took place at block number 505888.
Bitcoin Atom hard fork will bring several new features to the dais, including atomic and lightning swaps, hybrid consensus model and much more.