Lightning Network’s Advantages As Payment Technology
Bitcoin’s Lightning Network is a Layer 2 technology that offers many advantages over altcoins for making Bitcoin into a peer-to-peer payments technology.This is an opinion editorial by Yuya Ogawa, a software engineer and co-host of the Diamond Hands community.This article is based on the content of the “Understanding Lightning” report produced by the Diamond Hands community, the largest Lightning Network community in Japan. The report aims to provide an overview of Lightning’s technology and ecosystem for a non-technical audience.What’s So Special About The Lightning Network?Bitcoin was....
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The Bitcoin second layer payment protocol Lightning Network has been exponentially increasing its capacity during the past years. Since it was launched in 2018, the network’s capacity has gone from under 1,000 BTC to 1,800 BTC. The Lightning Network was first proposed in 2015 and operates with payment channels to allow users to send and […]
This week, the Lightning Network set a new record that demonstrates its growing popularity and utility. The post With TVL At New Record, The Lightning Network’s Time Has Come appeared first on Bitcoin Magazine.
Lightning Labs’ new liquidity marketplace, Lightning Pool, has seen more early-stage growth than its creators expected.
Bitcoin Suisse, Switzerland’s biggest BTC broker, has now made Lightning Network technology available for its crypto payment system. Bitcoin Suisse will use the Lightning Network to make Bitcoin (BTC) transactions both cheaper and faster. It will be the first cryptocurrency payment processor in Switzerland to integrate the technology, according to a press release dated Tuesday.Armin Schmid, head of Bitcoin Suisse Pay, praised the decision, noting that Lightning transactions will play a significant role in scaling crypto apps and driving mass adoption.“Lightning transactions enable higher....
Storj along with Counterparty have developed a new payments technology based on Lightning Network to support crypto-asset payments on the Counterparty Network. Storj, the blockchain based decentralized cloud storage services provider has joined forces with Counterparty, a Bitcoin blockchain based smart contract tools provider to create a new payments channel technology. The technology developed by Storj is currently in the proof of concept stage and it will be used for enabling payments on the Counterparty network using Counterparty tokens. Storj’s concept payments technology is built to....