First-Ever Dual-Funded Mainnet Lightning Channel Opened
The world’s first dual-funded Lightning channel has been opened, bringing more features to the network while reducing fees.The world’s first dual-funded mainnet Lightning Network channel was opened last week in block 681,753 on the Bitcoin mainnet. Blockstream used its c-lightning implementation of the Lightning Network protocol to open the channel and announced it via a blog post.A dual-funded Lightning channel allows both participant nodes to contribute to the channel’s opening transaction. It is unique because, up to this point, only the Lightning node that initiated the channel opening....
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Lightning Labs has launched Lightning Pool, a marketplace for Lightning Network channel liquidity and, perhaps, the advent of LiFi. The post Lightning Labs Releases Channel Liquidity Marketplace appeared first on Bitcoin Magazine.
The Lightning Network is one of the most bullish developments that the Bitcoin ecosystem has seen so far. And all the available metrics point up, a healthy and vibrant network is brewing. However, investor Kevin Rooke took a deeper look and found out that the Lightning Network is probably even bigger than previously thought. “Inaccurate comparisons and privacy preserving features make it hard to truly understand how big the Lightning Network is.” Related Reading | Bitcoin Lightning Network Reaches Record Capacity What does Rooke mean by that? Let’s find out. The Lightning Network By....
Lightning Labs new service, Pool, provides a marketplace for Lightning Network businesses and users to lease payment channel liquidity.
You know what incubators and accelerators mean: interest. They say that bear markets are for builders, and the bitcoin ecosystem seems to be getting ready to work. One of the main catalysts is the success of the Lightning Network. The little engine that could went from being constantly mocked to being a key element in the El Salvador story. Nowadays, the Lightning Network is the bitcoin ecosystem’s absolute star and one of the reasons money is pouring in. Related Reading: Bitcoin Shocker: Lightning Network Capacity Reaches 5,000 BTC The three accelerators and incubators that this article....
Lightning Network is a proposal for an off-blockchain network that would support super-fast transactions and boost Bitcoin scalability. Wednesday, miner hosting company HashPlex unveiled an alpha Lightning Network hub implementation, as developers continue to refine the layer (sometimes called layer-2) on testnets. The python Lightning implementation works with the open source Bitcoin node. Integration tests on a local network, which include three Bitcoin nodes, show that users can open a channel, close a channel, unilaterally close a channel, and send and receive money. The three nodes....