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.
The scalability solution used for Bitcoin has finally got TOR support, an optimized mechanism for smartphones and a full-fledged wallet.
The new Eltoo proposal helps to significantly reduce the amount of data to be stored and in addition providing a safety net for user’s cryptocurrency holdings.
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.
China’s Public Blockchain Rankings raise discontent with Bitcoin, the world’s largest and most dominant cryptocurrency, being ranked 13th due to the limited use of its blockchain network.
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.
Coinbase and GDAX have adopted SegWit, which means that all their users will soon have an opportunity to enjoy lower fees and faster Bitcoin transactions.
A new scheme for solving Bitcoin scalability issue has been designed by Conner Fromknecht and Olaoluwa Osuntokun. Atomic Multi-Path Payments over Lightning promises to enhance privacy and decentralization to facilitate Bitcoin payments.
In a few weeks, Coinbase will offer their customers an update on Bitcoin SegWit which is expected to improve transaction capacity of the Bitcoin network.