Strike and Lightning Network Issues Highlighted by the El Salvador Integration

A narrative has been making rounds that Strike preserves the LN properties because it is built on top of it. The information is, however,  incorrect. To this effect, many Bitcoiners do not know that the wallet is a custodial service. Strike, the largest digital wallet on the Bitcoin Lightning Network welcomed last month's law announcing its adoption by the U.S. currency of Bitcoin as a legal tender for El Salvador as the first sovereign nation in the world. This action…

A Look at Bitcoin Fungibility and Why It’s So Important

Bitcoin fungibility has long been the center of a debate that has waged on since its early days. In Bitcoin's infantile stage, most people wrongly believed the coin to be anonymous. However, nowadays, it’s well-known that Bitcoin isn’t private. In most ways, due to its open blockchain, it’s quite the opposite. This realization has led to some heated debates regarding the world's fungibility's first cryptocurrency. What is fungibility To understand the Bitcoin Fungibility debate, you first need to understand what…

Lightning Pool Goes Live: Offers a Non-Custodial P2P Liquidity Marketplace

In a blog post, the Lightning Network (LN) has announced the release of Lightning Pool. It's a non-custodial and peer-to-peer marketplace for acquiring inbound liquidity. With the Lightning Pool open for business, the network has opened gates for earning a yield on Bitcoin by leasing liquidity on Lightning. What is Lightning Network, and how it works? Lightning Network (LN) aims to solve the issue of stability on the Bitcoin blockchain by building a second layer on top of it. Therefore,…

Best Bitcoin Lightning Network Wallet Options for New Users

The Lightning Network is a second layer protocol that enables new functionality and efficiency within the Bitcoin ecosystem. This off-chain solution introduces private payment channels that enable users to send and receive payments without adding congestion to Bitcoin's blockchain. Only once the channel closes, the transactions are sent to the blockchain. In this way, the Lightning Network plays a vital role in large scale adoption.  Lightning Network transactions are both faster and cheaper to send. Additionally, the Lightning Network now…

Bitcoin Dapps – Are there any Dapps on the Bitcoin Blockchain?

Dapps or decentralized applications are a part of the whole Smart Contracts ecosystem. When you think about it, the applications you use on your smartphone and computers are just generalized agreements between two parties: I agree to use a product produced by the developer who agrees to satisfy my desire and increase my utility. People realized that since blockchain is on a roll to decentralize everything, why not decentralize applications? And what better way to do that than using smart…

The Trustless Feature of Bitcoin and Lightning Network

There is an inherent lack of trust in the decentralized network and Proof of Work consensus algorithm of Bitcoin. Nevertheless, Bitcoin’s growth turned it to the leading asset worldwide, thereby bringing up issues like scalability. Hence, second-layer solutions such as the Lightning network have been introduced to solve the problem. The question now is about possible depletion of the trustless domain on which Bitcoin is based on by the Lightning network. Lisa Neigut of Blockstream spoke on the Stephen Livera podcast concerning Lightning network…

Between Scalability and Centralization of Bitcoin

Many cryptocurrency market participants and Bitcoin enthusiasts are looking forward to wide usage of Bitcoin as currency. However, scalability is among the greatest challenges hindering the achievement. Bitcoin’s proof of work consensus algorithm is exceedingly essential based on immutability viewpoint; however, it has not been able to do as expected regarding transaction speeds when in competition with other forms of payments. People argue that Bitcoin is suitable as a store of value asset and not as a medium of exchange.…

Lightning Network Statistics Fall as Bitcoin Drops

The Lightning Network is significantly dropping, as reported by the Defi Pulse on the 14th of March.  Charts are indicating the total value locked (TVL) in Lightning Network, revealed an over 2-day period drop. The figure dropped to $4.30m on the 13th of March, from $7.073m the previous day, and thus a decline of about 65% in a day. Bitcoin’s crash accelerated the most long-short liquidations on BitMEX in 16 months. Bitcoin dropped from $7200 to a low of $5675…

Square Crypto Issues New Grants to Aid BTC Developers

Square Crypto, announced the awarding of new grants to 2 BTC developers as per a Medium post. This Bitcoin development initiative is a product release of Square Inc, owned by Jack Dorsey.  A Bitcoin Core contributor and protocol researcher, Jon Atack, and the prominent BTC developer, Tankred Hase are the recipients of these grants. Hase has been working on enhancing the user experience while simplifying the self-custody of smaller amounts of BTC. The developers are to utilize the grants towards…

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