Recently launched privacy coin Beam (BEAM) revealed on Tuesday that it is planning to develop and launch the very first Mimblewimble-compatible Lightning Network, a second-layer scaling solution for fast and cheap transfers of value off-chain. Discover how we're planning to develop and launch a Mimblewimble compatible Lightning Network https://t.co/2bCa4409nt #mimblewimble #SovereigntyByDesign — @Beamprivacy (@beamprivacy) February 12, 2019 […]
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CoinGate Adds Support for Litecoin (LTC) Lightning Network Payments
Lithuania-based CoinGate, a payment gateway for blockchain payments, announced last week that it has added support for Litecoin (LTC) Lightning Network payments, allowing for faster payments with lower fees. 4,500+ Merchants Now Accept Litecoin Lightning Network Payments.⚡️$ ltc $ btc #crypto @CoinGatecom https://t.co/wAlmWIPVoe — Litecoin.com (@LitecoinDotCom) February 9, 2019 According to an accompanying blog post by the Litecoin Foundation, […]
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Tippin.me Teases Its Bitcoin (BTC) Lightning Network Tip Button for Twitter
Tippin, an independent project developing a simple web custodial wallet to receive and manage Bitcoin (BTC) through the Lightning Network, announced this week that it will soon roll-out a Chrome extension for sending and receiving BTC tips directly on Twitter. 🤔 What if you had a Chrome extension that inserts a https://t.co/ZnASkDvUDU button in every Tweet?#LightningNetwork #LightningTorch […]
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Can I Trust BitFury’s Peach Lightning With My Data? Maybe
Announced at the end of January, Bitfury’s production-ready suite of Lightning Network products and services, Peach, appears to offer everything a developer, user or merchant could want from a Lightning implementation. It comes with built-in, e-commerce plug-ins, has a hardware component for point-of-sale, a toolkit for developers and its own Lightning node to ground the whole outfit.
The suite, with its many uses, has a wide reach … a bit too wide, one crypto analysis group thinks.
Koala Studio Launches Gaming Platform Built on Bitcoin’s Lightning Network
Koala Studio, a new online gaming platform built on Bitcoin’s Lightning Network, launched this week with the release of its take on the classic game of chess: Lightning Chess. We’re LIVE! After months of long nights and countless checkmates. Lightning Chess♟️and Koala Studio 🐨🎮 are finally ready for prime time. Come experience the new Lightning […]
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Jack Dorsey ‘Passes the Torch’ in the Bitcoin Lightning Network Trust Chain
Jack Dorsey, the CEO of Twitter, has long been one of the most vocal supporters of Bitcoin (BTC) from the traditional tech world. This support was taken to new heights on Tuesday when Dorsey participated in the ongoing Lightning Network Trust Chain, a community-driven initiative started by hodlonaut to build awareness around the Lightning Network […]
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Lightning Torch’s Bitcoin Payment Is Running a Worldwide Marathon
A lightning network payment has been making global rounds on Bitcoin’s secondary layer. The payment, slowly accumulating in value with each passing, is 2.8 ($ 96) million satoshis strong and still going. Dubbed the Lightning Torch, the payment has changed hands nearly 150 times across 39 countries.
Traditionally, participants announce their ownership over Twitter to seek out the next recipient. Hopeful torch bearers respond to the tweets with a lightning network invoice, and after choosing a user to trust, the current holder adds a discretionary amount to the payment’s sum and sends it to the next holder.
FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network
Many are predicting that 2019 will be the year Bitcoin’s Lightning Network sees massive growth and becomes a more common way to make bitcoin payments, and a new company based in England's East Midlands hopes to help with that process.
Today, FastBitcoins.com has announced the launch of its cash-based bitcoin exchange, which includes Lightning Network integration. With this new exchange, users will be able to avoid touching the blockchain when they decide to buy or sell bitcoin for cash.
State of Lightning: What’s the Path for Network Adoption in 2019?
The “instant payments” network running atop bitcoin saw fast user adoption levels in 2018. Will the trend continue this year?
CoinDesk
New Zap Point-of-Sale App Enables Merchants to Accept Lightning
A new point-of-sale (PoS) app released by Zap allows merchants to independently accept transactions on the Lightning Network.
Jack Mallers, the founder of Zap, described some of the properties of this new app on a recent Twitter thread. Mallers also spoke with Bitcoin Magazine to elaborate on some of the inner workings of the project.
Bitfury Rolls Out Lightning Peach, Its Own Suite of Lightning Tools
Bitfury’s new suite of Lightning products has been released to the public.
Lightning Peach, the title of the product bundle, was developed by Bitfury’s Lightning Network team of the same name. It includes a wallet, an e-commerce plug-in, a hardware component for a point-of-sale (PoS) terminal, a Lightning node for the new ecosystem and developer tools.
For starters, the open-source, cross-platform Peach wallet has all the bells and whistles of your usual Lightning wallet, “including: custom channel opening; the ability to send and receive on-chain and LN payments; and merchant discovery,” Pavel Prikhodko, head of Lightning Peach, told Bitcoin Magazine. Users can establish custom channels with a Lightning public address and the host IP of a peer, and the wallet also comes with a self-curated address book and an option to send recurring/subscription payments.
Lightning Network Co-Creator Is Designing a Scaling Solution Called Utreexo
A blockchain researcher has been working on a scaling effort for the unspent transaction output set found in the Bitcoin protocol. According to Tadge Dryja’s recently published description of research, the software engineer is working on a dynamic accumulator called Utreexo. The project could theoretically allow network participants to verify the state of the chain’s consensus rules with smaller sets of cryptographic proof.
Also read: Venezuelan BCH Proponents Bolster Cryptocurrency Use Cases and Adoption
Lightning Network Dev. Warns Against Marketing Lightning as The Answer to High Bitcoin Fees
In a tweet, Lightning Network infrastructure lead Alex Bosworth wrote: “There’s a bit too much emphasis placed on the idea that LN is all about low fees. Fees on the network are charged at a market rate. We cannot control this market therefore we can’t guarantee low fees all the time. We can remove reasons
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Sideshift App Demonstrates a Trade Between Lightning Network BTC and Tether
Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project’s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any Drivenet coins to be swapped between any blockchain protocol. On Friday, an application called Sideshift.ai was used to demonstrate a bitcoin core (BTC) to tether (USDT) swap using the Lightning Network.
Also Read: A Look at Some of the ‘Next Generation’ Bitcoin Mining Rigs Available Today
Bitrefill Channel-Opening Service Makes Accepting Lightning Payments Easy
Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.
"This service will let the customer get an empty lightning channel opened to them from Bitrefill’s node, on the Lightning Network. Now anyone can now pay for, or gift, the ability to have a channel opened to a Lightning wallet in order to receive payments over Lightning at any time," according to a company announcement.
Bitcoin Transaction Fees Hit Three-Year Low as Lightning Network, SegWit Help BTC Scale
Bitcoin’s transaction fees have recently hit a low they hadn’t seen in over three years, as according to BitInfoCharts the median transaction fee on the flagship cryptocurrency’s network is just $ 0.029. As pointed out by cryptocurrency community researcher Kevin Rooke on Twitter, the Bitcoin network hadn’t had fees this low since October 2015, when it
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Bitcoin: Developer Explains Why a Multi-Asset Lightning Network Might Not Work
A contributor to the Lightning Network codebase who goes by the name ZmnSCPxj recently wrote a reasoned post to the Lightning Development mailing list detailing what he views as a limitation of the network, which is considered by many to represent the future of Bitcoin scaling and adoption. The identity of ZmnSCPxj is not known.
The post Bitcoin: Developer Explains Why a Multi-Asset Lightning Network Might Not Work appeared first on CCN
Sold! Lightning Network Art Auction Goes to the Lowest Bidder
Yesterday, an auction was held by cryptocurrency and blockchain artist @cryptograffiti for a piece titled “black swan,” which the artist made using “fiat and counterfeit detector pen ink.” The artist, who became involved with bitcoin in 2013, held the auction on a website where users could only bid via Lightning Network micropayments, with the first person to bid the smallest amount being the winner.
black swan is here! watch the vid to try and catch him…#cryptoart #bitcoinart pic.twitter.com/7BfcDeyNJ3
— cryptograffiti (@cryptograffiti) December 19, 2018
Cryptograffiti and Bitcoin Magazine would like to take this opportunity to announce the winner of the auction. Congratulations Twitter user @BTC_Spot!
Pierre Rochard: “Lightning Adoption Will Basically Mirror Bitcoin Adoption”
Lightning is a second-layer solution for the Bitcoin blockchain that addresses the scaling issues surrounding it today.
Similar to Bitcoin, Lightning is an open-source protocol in which anyone can contribute to. Whether it is through programming and developing applications or setting up a node, participation in Lightning is not just accessible. It’s welcomed.
The Lightning community is already vibrant and growing every day. Pierre Rochard is one person who has already cemented his place in the Bitcoin community as a strong advocate for the digital currency, founding the Bitcoin Advisory in 2013. More recently, his work with Lightning has garnered plenty of attention through his suite of Lightning applications. Specifically, Rochard’s Lightning plug-in integration for Microsoft Excel showed the world that Lightning has a place in commonly used applications.
BTCPayServer Expands Lightning Operability, Integrates Spark Wallet
Decentralized payment processor BTCPayServer now offers wallet support for c-lightning users.
Following its most recent update, the BitPay alternative announced support for Spark Wallet, a client for the Lightning Network’s c-lightning implementation created by Bitrated founder and Blockstream employee Nadav Ivgi. With the implementation into BTCPayServer’s dock, users can now receive c-lightning payments in a Spark Wallet that is connected to their BTCPayServer.
1.0.3.30:
* Finally C-Lightning users have a decent wallet! The excellent Spark Wallet by @shesek has been integrated to BTCPay docker deploy! Update and go to "Server settings / Services / Spark wallet" to connect to it :)))
* Removal of "Restricted macaroon" in LND configs
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