Category: Lightning Network

Bitcoin network fortifies as mining difficulty records ATH of 31.251T

May 14, 2022

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BTC’s latest network difficulty all-time high makes it nearly impossible for bad actors to represent over 50% of the hash rate. 332 Total views 4 Total shares Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251 trillion — exceeding […]

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Cash App and Chivo help drive Lightning payment volume up 400%

April 14, 2022

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Bitcoin’s layer 2 scaling solution, the Lightning Network, has seen payment volume increase by over 400% as real adoption grows. 1165 Total views 9 Total shares A new report highlights how the Lightning Network has grown in popularity as a way of transferring digital assets quickly and efficiently around the globe.  CNBC today told the […]

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Visa should be ‘scared’: Lightning Labs raises $70M to add stablecoins

April 6, 2022

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The firm has built a new protocol called Taro to enable stablecoins to be sent and received on the Bitcoin Lightning Network. 957 Total views 21 Total shares Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions. The […]

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Bitcoin network hash rate explodes to a new all-time high of 248.11 EH/s

February 13, 2022

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The network hash rate jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — in just one day, further ensuring resilience against attacks on the Bitcoin network. 13405 Total views 72 Total shares The Bitcoin (BTC) network has recorded a new hash rate all-time high of 248.11M TH/s as of Feb. 12, 2022, further securing […]

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Bitcoin Taproot upgrade improves the network as BTC price impact may be limited

November 13, 2021

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Bitcoin is set to undergo a major network upgrade, Taproot, in nearly two days, i.e., on Nov. 14 or 255 blocks later, as per data from Taproot.watch. This is the first significant upgrade since the Segregated Witness (SegWit), which eventually culminated in the development and launch of the Lightning Network in 2018. The original Taproot […]

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Bitcoin Suisse to enable Lightning Network payments

November 10, 2021

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Bitcoin Suisse, Switzerland’s biggest BTC broker, has now made Lightning Network technology available for its crypto payment system. 3191 Total views 51 Total shares 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 […]

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Bitcoin soft fork days away as Taproot upgrade closes in

November 7, 2021

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The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes). 1041 Total views 13 Total shares Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol […]

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Arcane Research predicts 700 million Lightning Network users by 2030

October 8, 2021

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The research unit of Arcane Crypto predicts the Lightning Network will go parabolic as adoption of the Bitcoin layer-two payment protocol ramps up over the decade. Arcane Research published the “State of Lightning” report on Oct. 5, and analyzed the Lightning Network in terms of current capacity, wallet payment volume, the growing rate of adoption, […]

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Bitcoin Lightning nodes and channels hit record highs

September 28, 2021

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The number of Lightning Network nodes has increased 160% over the past 12 months while the number of channels is up 170% since January. 4023 Total views 25 Total shares The node count for Bitcoin’s leading layer-two solution, the Lightning Network (LN), has spiked to record levels following a surge of adoption. According to on-chain […]

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Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping

September 23, 2021

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Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service. 9180 Total views 24 Total shares Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the […]

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