Bitcoin's Lightning Network is Now Digital Asset Compatible
With Bitcoin's Lightning Network nearing launch, the number of tests seeking to upgrade the micropayments network is on the rise. Now, industry startup Colu has unveiled a demo of how Lightning could be made compatible with colored coins (a technology that enables small amounts of bitcoin to represent other assets, such as the US dollar, stocks, or even houses or cars). Mashing this concept together with Lightning could mean more of these transfers at a higher speed. Users can now send test transactions over the so-called "off-chain" network using Colu's demo, which perhaps....
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Lightning Labs, one of the prominent companies working to realize the lightning network, announcedthis week the alpha release of the open-source lightning daemon they've been spearheading: LND. While only compatible with Bitcoin’s testnet so far, the software is relatively feature-complete and operational. “We’re now looking for the wider community to test the software,” Joseph Poon, Lightning Labs developer and co-author of the lightning network white paper, told Bitcoin Magazine. “To get it ready for widespread use, but also to explore new use cases this enables.” The Lightning Network.....
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....
Bitcoin lightning network has now hit a record high. With the recent bull rally and adoption taking place in the year, the need for the lightning network has grown. This has led to massive growth for the network. Liquidity in the lightning network has hit multiple all-time highs this year and this is just another addition to that list. Facilitating fast, efficient, and cheap transactions have been the driving force behind the success of the network. The all-time highs being hit this year show that adoption is growing and it represents a crucial lift-off point for the digital asset going....
Despite the recent downtrend, bitcoin has been experiencing increased adoption on a larger scale. From El Salvador buying the dip to lightning network adoption going up, the digital asset has not been doing too bad. The most recent indication of increased bitcoin adoption has come in the form of bitcoin lightning network nodes. Data shows that these lightning nodes have recorded a significant uptick in the last three months. Bitcoin Lightning Nodes Increase Since its launch, the bitcoin lightning network has seen slow but steady adoption. Mostly, the need for a lightning network had not....
The Bitcoin Lightning Network has marked another tremendous milestone. The total public capacity had surpassed more than 5,000 BTC for the first time in history, continuing along with the growing trend of 2022. This new milestone pushes further the capability and promise of the Bitcoin Lightning network. Just like always, there was a reason behind the big push. Bitcoin Development Ramping Up The continuous development of the bitcoin network has been a big part of why the digital asset remains so valuable today. Being the largest decentralized network in the space, there are always....