カテゴリー: lightning network

This Photo Gallery App Is a BCH Light Wallet in Disguise

This Photo Gallery App Is a BCH Light Wallet in DisguiseOn March 27, a developer released a different kind of Bitcoin Cash (BCH) application called Bchgallery, an Android BCH wallet that is disguised as a generic photo gallery app. The platform aims to provide added security through obscurity by acting as a decoy application. Also read: New Crypto-Friendly Banking and Payment Services Launch in the […]

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Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees

Analysis Shows Lightning Network Suffers form Trust Issues and Rising Fees Makes it WorseOver the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.” Also […]

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Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch

Mempool 'Spam' and Rising Fees: The Consequences of Veriblock's Mainnet LaunchLast month the Veriblock testnet represented more than 30 percent of BTC’s network transactions but the project took a hiatus before launching the protocol’s mainnet. When the project stopped, the BTC network’s mempool dropped, transactions per day were cut in half, and fees slightly dipped. However, since the mainnet launch of the Veriblock blockchain, the […]

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Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch

Mempool 'Spam' and Rising Fees: The Consequences of Veriblock's Mainnet LaunchLast month the Veriblock testnet represented more than 30 percent of BTC’s network transactions but the project took a hiatus before launching the protocol’s mainnet. When the project stopped, the BTC network’s mempool dropped, transactions per day were cut in half, and fees slightly dipped. However, since the mainnet launch of the Veriblock blockchain, the […]

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Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

Bitcoin Twitter Account Claims Platform and CEO Shadow Bans TweetsOn March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic. Also […]

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Business Owner’s Seething Critique of the Lightning Network Goes Viral

Business Owner's Seething Critique of the Lightning Network Goes ViralA business owner who runs a media company in Australia and pays employees remotely in the Philippines has given his honest opinion on what it’s like to use the Lightning Network (LN). Jason Smith’s experience of attempting to use LN for payments was filled with frustration. He reports that the fundamental structure of the offchain […]

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Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran

Lightning Network: Cool Enough for Twitter Jack and Fidelity, but Not IranOn Feb. 22, bitcoiners rejoiced when the financial banking giant Fidelity was handed the ‘Lightning torch’ as the Lightning Network’s social experiment was passed on to its latest bearer. Then, two days later, the new Lightning torch holder made the decision to exclude passing it on to a cryptocurrency executive from Iran because of U.S. […]

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Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security

Drivechain Creator's Latest Paper Causes Debate About Bitcoin's Future SecurityDrivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Also […]

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Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security

Drivechain Creator's Latest Paper Causes Debate About Bitcoin's Future SecurityDrivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Also […]

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Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations

Bitcoin's Social Contract Must Be Resilient to the Whims of Future GenerationsOver the last few years, infighting and different visions has led to significant divides within the Bitcoin community, weakening the network effects no matter which chain you support. With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who […]

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