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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
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.”
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
The post $ 2 Million: Lightning Network Hits Record Capacity Despite Bitcoin Price Decline appeared first on CCN
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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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.
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.
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.
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
The post Former PayPal COO Joins Security Token Startup 0x in Advisory Capacity appeared first on CCN
The Lightning Network active on the Bitcoin mainnet has passed 3000 nodes with capacity for almost 100 BTC in August.
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.
The Lightning Network has almost doubled the amount its capacity in two weeks this month as more and more users expand the protocol.
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.
The Lightning Network (LN) can now accept over 10 bitcoins’ worth of capacity on its mainnet implementation for the first time.
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.
