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‘Lightning War’: Bitcoin Battles Bitcoin Cash on a Digital Canvas

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A digital canvas dubbed Satoshi’s Place appeared online, allowing users to draw whatever they find fit, one pixel at a time. The MS Paint-like experience costs one Satoshi per pixel and users are free to show off their talent in whatever form they find fit.

Censorship Resistant Digital Canvas

Satoshi’s Place is a simple online artboard which is powered by the Lightning Network. The digital canvas is comprised of 1 million pixels and each one of them will cost you 1 satoshi to paint. Apart from providing wide leeway for users to express their fine art skills, it’s also intended to provide a way to experience the way micro-transactions are handled through the Lighting Network of Bitcoin.  Read more...

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Development of Lightning Mobile Wallets Promises Faster Bitcoin Payments

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Development of Lightning Mobile Wallets Promises Faster Bitcoin Payments

Since the turn of the year, the price of bitcoin has been battered with investors left to lick their wounds. Behind the scenes though, the development of Bitcoin has continued to defy market movements with the continuous development of the Lightning Network (LN), which has led to the creation of several bitcoin LN wallets.

The Lightning Network ushered in the promise of easing network congestion by moving on-chain transactions to the second-layer protocol.

Here are some of the mobile wallets currently in development.  Read more...

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Merchants Will Soon Be Able to Accept Lightning Payments Through CoinGate

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Merchants Will Soon Be Able to Accept Lightning Payments Through CoinGate

CoinGate, a payment gateway for cryptocurrencies, is planning to launch Bitcoin Lightning Network payments on its platform. As explained in an update published by the company on Reddit, the company is currently testing the technology, and users are invited to join in the tests.

The Lithuanian company serves over 4,000 merchants globally by allowing them to accept bitcoin and altcoin payments which can then be converted into BTC, EUR or USD as payouts.

Utilizing the Lightning Network, merchants could accept payments instantaneously at reduced transaction fees.  Read more...

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Why Lightning Network Will Finally Help Bitcoin Beat Credit Cards, PayPal

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The Lightning Network (LN) is approaching 2000 functional nodes as users begin to highlight the conspicuous cost savings using the technology.

Lightning: 1997 Nodes, 6600 Channels, $ 150,000 Capacity

Data captured from an overview of LN’s Bitcoin mainnet integration showed 1997 reachable nodes (with the actual number presumably much higher) at press time, with 6614 open channels and a total network capacity in excess of $ 150,000.

Despite remaining a challenging tool in terms of user interface, the technology has markedly improved in the approximately five months it has been active.  Read more...

This is a preview of Why Lightning Network Will Finally Help Bitcoin Beat Credit Cards, PayPal. Click Here To Read the full post

Vaultoro’s Bitcoin-to-Gold Exchange Implements Lightning Network Payments

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Vaultoro Is the First Exchange to Implement Bitcoin Lightning Network Payments

The world’s first crypto-to-physical-gold exchange, ​Vaultoro​ has announced that it is now the first bitcoin exchange with an implementation of the Lightning Network as an instant deposit method.

The company allows customers to trade gold with bitcoin directly, all the way down to 0.1 gram in quantity. Customers can hold the asset for seconds or years, with their ownership certificate securely stored on the blockchain. All gold holdings are physically stored by Pro Aurum in Switzerland and audited by BDO. The physical gold can be requested by customers or left in the vault, where it is also insured. Vaultoro is also working on a gold-backed debit card.  Read more...

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Lightning Network at the End of the Tunnel

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As blockchain technology becomes increasingly popular and it is investigated for use in numerous solutions, especially for the internet of things, there exists a need for methods of adapting the technology to serve a much larger market than it was originally intended for. As discussed in a previous blog post, current blockchains are not yet proven viable for mass adoption but one method of scalability that is now being put into effect is the ‘Lightning Network’. Under this solution, much of the work will be carried out off-chain in private channels to avoid burdening the blockchain with too much data.  Read more...

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Bitcoin Lightning Network Matures With Record 2000 Nodes, $150K Capacity

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The Lightning Network has almost doubled the amount its capacity in two weeks this month as more and more users expand the protocol.

Lightning: 2 Weeks, 2x Capacity

Data showing current activity on Lightning’s Bitcoin mainnet implementation reveals a network capacity of $ 148 million, up from $ 80 million April 10.

At one point, over 2000 active public nodes were available to process transactions, which can confirm almost instantly for a fee of less than one satoshi per byte.What’s more, the network has now reached 7000 active channels.  Read more...

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Coincards Brings Bitcoin Lightning Network Payments To Amazon

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Canadian consumers can now purchase practically anything with Bitcoin instantly and at near-zero transaction fees after gift card merchant Coincards.ca rolled out support for the Lightning Network (LN).

Pay For Virtually Anything With Lightning

A blog post on its website confirmed on social media April 9 sees Coincards, which has allowed users to buy gift cards for major Canadian retailers with Bitcoin since 2013, permit LN payments for purchases up to $ 25.

The move makes Coincards the first major non-technical entity to accept Lightning, the wide selection of gift cards available meaning even items on Amazon and Newegg can now be paid for using the technology.  Read more...

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Bitcoin Magazine’s Week in Review: Lightning and Sparks Fly

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Week in Review

Lightning continues to strike as more and more companies announce that they are including in their products the new Lightning Network protocol that recently entered beta. Sparks also flared up at the Deconomy conference in South Korea when Vitalik Buterin and Joseph Poon challenged Craig S. Wright’s legitimacy.

And, while India joins a growing list of countries that has announced further restrictions on digital currencies and who can use them, the CEO of NVIDIA announced on CNBC that cryptocurrencies were here to stay.

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