lightning network
The blockchain technology company, Bitfury Group, has proposed a new hybrid routing solution that will increase transaction volumes in the bitcoin blockchain network.
At the new capacity, Lightning Network can handle nearly $2 million worth of BTC in payment channels.
For the very first time, Lightning Network had a total of 4,026 nodes, of which 2,910 were public. The network capacity has crossed 123 BTC.
ACINQ is going to allocate the funds raised in seed funding for promotion of mass adoption of the Lightning Network (LN).
Coca Cola can now be purchased with BTC, due to the power of the Lightning Network and Richardo Reis, the creator of a new crypto-capable vending machine.
Lightning Network developer Alex Bosworth proposes interesting solutions for easy interoperability between the Bitcoin and the Lightning network.
The remarkable progress of the Lightning Network over the last year could help spearhead Bitcoin payments in the mainstream financial market.
Litecoin co-founder, Charlie Lee will become an advisor to HTC Exodus, the native blockchain smartphone supporting LTC and Lightning Network designed to be launched in autumn.
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.
