Hash rate plays a vital role in every Proof-of-Work (PoW) blockchain. It measures the computational drive for all transaction verification and block additions to the network. Hence, the Bitcoin hash rate represents the number of people involved in BTC mining. As the number of miners increases, the hash rate will also increase. This results in…
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…
Today is the day, Litecoin’s 10th anniversary. Congratulations to Charlie Lee and everyone involved in the project over the years. To celebrate, we are exploring Litecoin’s history through the eyes of its creator. We covered its fair launch, the long-hard road to exchanges adopting LTC, and we introduced the SegWit story. It’s time to finish…
Why didn’t we thought of measuring Chivo and Bitcoin adoption this way? Cero anecdotal evidence. Only facts, numbers, and reports from wherever we can get them. What do we know about the Chivo wallet’s Lightning node? What apps besides the government wallet are the Salvadorans using? Are they happy with them? Investor and blogger Kevin…
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…
The first week of Lightning Network support at cryptocurrency exchange Bitfinex, has seen more than 800 transactions make use the Bitcoin payments layer. The company’s Chief Technical Officer Paolo Ardoino says customers have deposited more than seven Bitcoin (~$52,000) to the exchange since it added Lightning payments.Despite recent Lightning Network vulnerabilities, it appears to be…
The Lightning Conference, an event focusing on the Bitcoin micro payments scaling solution, Lightning Network, has just announced a novel way to help showcase the power of the technology. The ever-important fuel of all crypto conferences, hot, steaming coffee, will be available for a single satoshi, paid via the Lightning Network, at the Berlin event.…
The 18-year-old rap musician Lil’ Pump has announced that his online store will accept payments for products via the Lightning Network. Fans of the artist will be able to spend Bitcoin on merchandise from Lil’ Pump’s fashion line, “Unhappy” using the innovative micropayment solution. Although such acceptance stories do not directly translate into increased Bitcoin…
Although the Lightning Network is most often touted as a way to reduce transaction burden on the main Bitcoin blockchain, various other use cases are becoming apparent as more people experiment with it. One of the most potentially revolutionary is the ability to make incredibly small payments for online content. This could have a massive…
Lightning Labs, one of the major contributors to the Lightning Network, has announced the alpha launch of a new feature coming to the second layer micro-payments solution on top of the Bitcoin network. Lightning Loop, as the update is called, aims to address current issues surrounding channel capacity limits with regards to some of the…