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Riot Blockchain Announces Record High Hash Rate Capacity

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Although hash rate capacity is at a record, mining conditions did lead to a relative underperformance in bitcoin received throughout the month.

Riot Blockchain has released its unaudited production and operations updates for November 2022. According to the release, the company produced 521 BTC, a 12% increase on its November 2021 production of 466 BTC. It sold 450 BTC, generating net proceeds of $ 8.1 million, and had a deployed fleet of 72,428 miners with a hash rate capacity of 7.7 exahashes per second (EH/s) on 30 November.  Read more...

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Bitcoin’s Lightning Capacity Soars, Why The U.S. Plays A Big Role

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One of the largest Bitcoin Lightning Network (LN) node operators, River Financial, recently posted a report on this second-layer payment solution. Previously conceived as an experiment used by savvy BTC holders, the LN is quickly becoming a key component in this blockchain’s ecosystem and its potential ticket into the mainstream.

The report defines the LN as a second-layer Bitcoin solution that enables users to send and receive transactions off-chain, “without needing to wait for on-chain settlement”. This solution was created to improve BTC’s payment scalability by allowing entities to quickly transact in small amounts of the cryptocurrency without relying on block settlement.  Read more...

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Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

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Ethereum's Wrapped Bitcoin Set to Eclipse the Lightning Network's Capacity

Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $ 5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future.

Also read: The ”Wrapped Bitcoin” Project Has Now Officially Launched on Ethereum  Read more...

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HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity

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HTC

Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019.

According to a press release shared with Bitcoin Magazine, “The EXODUS 1s will be the first smartphone ever to have full node capabilities” containing the full Bitcoin blockchain.

“With the EXODUS 1, we gave people the power to own their own keys, now we're giving people the power to run their own node,” Phil Chen, decentralized chief officer at HTC, told Bitcoin Magazine. “It's about building technology for the free world.”  Read more...

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$2 Million: Lightning Network Hits Record Capacity Despite Bitcoin Price Decline

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Perhaps it’s unsurprising to readers familiar with Blockstream CEO Adam Back’s recent prediction of a $ 500,000 Bitcoin, but one of the blockchain startup’s chief technological efforts, the Lightning Network (LN) — which facilitates off-chain Bitcoin payments instantly at very little cost — saw a rise to over $ 2 million in capacity while the price of

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Lightning Network Now Has 4,000 Nodes With a 330 BTC Capacity

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The Lightning Network, a “second layer” payment protocol that operates on top of the Bitcoin (BTC) blockchain, recently surged to a network capacity of more than 332 BTC, roughly equalling $ 1.8 million. According to data from 1ML, the network capacity of the Lightning Network has surged nearly 200% in a month, while the number of nodes increased a little over […]
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Progress Report: Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes

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Lightning Network 4,000 Nodes

The Lightning Network continues to post steady growth.

According to data from 1ML, the network is now supported by roughly 4,070 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node (at time of publication). Most of this growth has come in the later half of 2018, as the average age of each node is just 137 days old.  Read more...

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AI Requires the Computational Capacity that Blockchain Provides

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AI Needs the Computational Capacity that Blockchain Promises

Centralized data servers might not cope with the power AI needs. At best, they can be least slow and expensive. Could blockchain-based decentralized marketplaces for computational power be the answer?

Artificial intelligence (AI) — much like the internet of things (IoT) and blockchain — is set to become a foundational technology. These technologies will not only integrate but could also rely on each other to exist. According to Forbes and Gartner, by 2020, 85% of customer interactions will be managed by AI.  Read more...

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Joseph Lubin Differs With Fellow Ethereum Co-Founder Vitalik Buterin on the Industry’s Growth Capacity

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Has the blockchain and cryptocurrency industry hit a glass ceiling? Are the days of unprecedented overnight growth for startups in the industry behind us? This is something not even two of the biggest names in the crypto industry can see eye to eye on. Just two days ago, Ethereum’s co-founder Vitalik Buterin expressed his belief that the days of “1,000-times growth” had come to an end. However, his fellow co-founder Joseph Lubin disagrees, stating today, September 11 that this is just the beginning. According to Lubin, the world is only beginning to appreciate the potential that blockchain technology holds and that a time will come when almost every asset will be tokenized.  Read more...

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Former PayPal COO Joins Security Token Startup 0x in Advisory Capacity

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Former Paypal COO David Sacks has joined 0x, an open protocol used for token trading in an advisory role, according to Fortune. Sacks, who is the co-founder of Harbor and a partner at Craft Ventures — a compliance service for token sales — shared the news via a tweet. The move is expected to create an

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Lightning Network Passes 3000 Nodes, Capacity Approaches 100 BTC

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The Lightning Network active on the Bitcoin mainnet has passed 3000 nodes with capacity for almost 100 BTC in August.

Capacity Expands 85% In July

Data from monitoring resource 1ml.com confirms that network capacity increased 85 percent in the past thirty days, bringing mainnet Lightning’s total funds accommodation to 97 BTC ($ 628,000).

Lightning originally debuted around the start of 2018 in its mainnet form, with growth accelerating through Q2.

In May, Twitter commentator Kevin Rooke notes, capacity remained comparatively low at just 18 BTC before a dramatic increase began in July.  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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Bitcoin Lightning Hits Record Node Count, Reaches $70k Capacity

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The Lightning Network (LN) can now accept over 10 bitcoins’ worth of capacity on its mainnet implementation for the first time.

Lightning: 1500 Nodes, $ 70,000 Capacity

Fresh statistics April 1 show that mainnet Lightning, which in March achieved several milestones to adoption, now has capacity for 10.476 BTC ($ 70,000).

The latest display of LN’s increasing presence comes just days after a new widget tool, LightningTip, became available for anyone to use in order to accept Lightning payments on a website.  Read more...

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