USDT Pilot Brings Tokens To Bitcoin’s Lightning Network
The first USDT stablecoin transaction on a Lightning channel happened earlier this week as Synonym showcases broader use cases for Bitcoin.Bitcoin company Synonym sent the first USDT stablecoin transaction on the Lightning Network earlier this week to demonstrate how Bitcoin and Lightning could be leveraged for cheap and quick issuance and transfer of tokens and credit.While Bitcoin provides a decentralized and immutable monetary network and Lightning enables the scaling of that system with a payment protocol, Synonym argues tokens could bring further innovation to the ecosystem as they....
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Perfect timing and place for a Lightning Network Conference. In less than a week, Bitcoin will be legal tender in El Salvador. The Lightning Network was instrumental for this to happen. The real-life case study for the Lightning Network is El Zonte AKA Bitcoin Beach. And in Mid-November, all of those factors will collide in an event aptly titled “Adopting Bitcoin.” Related Reading | How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You This Lightning Network conference comes with a call-to-action as its unofficial slogan, “Unite, focus, collab!” And, by the looks of....
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.....
Cash App mentions that the Lightning Network feature is not available to users located in New York. Mobile payment service Cash App revealed that Lightning Network can now be used to transfer Bitcoin (BTC) through its app. With the new feature, its users can send their BTC to any Lightning or on-chain BTC address.Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin. Buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning. pic.twitter.com/65TXSJ6yL6— Cash App (@CashApp) February 7,....
In addition to its new bitcoin-backed U.S. dollar balance on Lightning, Galoy also announced a $4 million raise.
Lightning developers discussed privacy concerns and the corresponding probable solutions for Bitcoin’s Lightning Network at the Bitcoin 2022 conference.