Despite significant growth in recent years, the Lightning Network still faces challenges to overcome if it wants to solve bitcoin’s scalability issues. The most demanding issue is security. Because nodes on the Lightning Network are required to always be online, they become more vulnerable to attacks. And while the network aims to reduce fees incurred from processing … [Read more...] about What is Bitcoin’s Lightning Network?
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Cash App integrates Bitcoin Lightning Network for faster BTC transfers
Popular mobile payment service Cash App has integrated the Bitcoin (BTC) Lightning Network as a part of an update, allowing faster and cheaper BTC transfers using the Layer 2 (L2) payment protocol. Cash App is developed and owned by Block (formerly Square), a fintech firm co-founded by former Twitter CEO Jack Dorsey. The announcement of the BTC L2 integration was shared as a … [Read more...] about Cash App integrates Bitcoin Lightning Network for faster BTC transfers
5 Ways Bitcoin’s Lightning Network Advanced in 2021
But even anchor inputs don’t solve the whole problem of closing fees. When a Lightning Network’s closing transaction fee gets bumped up, there’s a possible security issue. By way of a fee-bumping technique known as “Child Pays For Parent” (CPFP), a so-called “child” transaction pays too little for a fee, and so a “parent” transaction spends the same coins as the child it’s … [Read more...] about 5 Ways Bitcoin’s Lightning Network Advanced in 2021
CardCoins Offers Bitcoin Payments Over the Lightning Network
“Our users make a lot of low value payments, and as fees in the Bitcoin network rise they risk being priced out. With CardCoins’ new Lightning integration, our customers can top up their Lightning balances and make payments without additional on-chain transactions,” a CardCoins representative told CoinDesk. A normal Bitcoin transaction, which is typically more expensive than … [Read more...] about CardCoins Offers Bitcoin Payments Over the Lightning Network
Mobile Bitcoin Gaming Is Powering Up on Lightning
A new game will soon drop in the App Store. You are a cat – a cute cat, a cartoon cat – who flings items like fish, seashells, and golden stars into the sky. Your goal is to smash targets.I tested the game, called THNDR Bay, while it was still in beta. In the spirit of games like Candy Crush, it’s a bit mindless yet oddly addictive, and it serves the usual purpose of putting … [Read more...] about Mobile Bitcoin Gaming Is Powering Up on Lightning