When the mysterious Satoshi Nakamoto first released Bitcoin to the public, his goal was to remove the power governments and banks had over people’s money, and put the power back into the hands of the user. Since then, Bitcoin has taken on a life of its own, showing far more potential than even Nakamoto initially…
As investor confidence in the long-term validity of Bitcoin being adopted by the mainstream as a means of payment and exchange fades, so has its real-world usage as such. Bitcoin’s Real-World Usage as Means of Payment in Decline Bitcoin was created by the mysterious person or group known as Satoshi Nakamoto 10 years ago in…
Bitcoin blocks experienced up to 95 percent congestion this month, but it didn’t impact its transaction fees, which remain at around $0.1 Cryptocurrency analyst Willy Woo published a graph to demonstrate a stark comparison between BTC transaction fees in two separate congestion episodes. The first case was from 2017, the year that witnessed Bitcoin congestion…
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…
Crypto markets immobile on Sunday; Litecoin leading, Cardano recovering. There has been another slight pullback on crypto markets this Sunday as a range bound channel starts to form. Market capitalization has remained over $130 billion but only just, there has been very little movement over the weekend. Bitcoin has retreated another percent or so on…
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…
The crypto downturn may have continued to ravage this industry’s startups, with an exchange even deciding to shutter all operations, but one facet of this nascent sector has continued to swell. For those who missed the memo, this facet is the Lightning Network, an off-chain system that facilitates instant, low-cost, scalable Bitcoin transactions. Related Reading: Bitcoin…
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…
Bitcoin prices in range mode Lightning Network in beta but drawing interest Market participation is “very” low The recovery of Bitcoin prices depends on adoption levels and favorable regulations. While we are bullish, buyers are free to ramp up once we see strong gains above $3,800. Before then, traders should take a wait and see…
Since Bitcoin’s earliest blocks, the network’s lead developers have been hard at work attempting to scale the world’s first blockchain. And while 2018’s “crypto winter” has deterred a multitude of startups, developers, and key industry participants, the Bitcoin Lightning Network, the first viable second-layer scaling solution, has continued to see monumental growth. Bitcoin Lightning Network…