Lightning Network

The Bitcoin bullish software company MicroStrategy is building Bitcoin lightning network wallets that can be deployed to enterprises.  The company’s executive chairman and former CEO Michael Saylor shared details on the tech in a recent interview. In an uncharacteristic fashion, he also offered some short/medium-term price predictions for Bitcoin. MicroStrategy Builds on Lightning As Saylor told MarketWatch in an interview on Wednesday, the company’s wallet software will let business owners distribute Bitcoin to thousands of employees in a single afternoon. …

On Wednesday, the Bitcoin banking platform Galoy announced a Bitcoin-based solution for sending, receiving, and storing USD.  Unlike traditional solutions, the “Stablesats” feature does directly integrate fiat currency, nor does it involve issuing a new token, or “stablecoin.”  Rather, Galoy’s service lets users of the Bitcoin Beach wallet effectively “freeze” the value of their Bitcoin to a specific dollar amount. How can this be? How Stablesats Work According to the firm’s explainer video, Galoy stabilizes users’ Bitcoin using financial derivatives…

Jack Dorsey's Block promised to be at the forefront of Bitcoin innovation. Now, they are starting to deliver. Cash App finally confirmed free and free and instant Bitcoin transfers anywhere in the world. Block (formerly Square) finally integrates the Lightning Network with its Cash App. A feature promised back in 2019 will soon be available to all U.S. users. Users will soon instantly send Bitcoin to any wallet that can accept Lightning Network payments. This includes wallets such as Chivo,…

Cementing his commitment to building on Bitcoin, Jack Dorsey’s “Spiral” (formerly “Square Crypto”) has released its Lightning Development Kit (LDK). The kit is available on GitHub and it helps people “build a lightning node without worrying about implementing low-level lightning logic correctly.” That means developers have received an easy-access resource for integrating Bitcoin payments into other apps. The Lightning Dev Kit Spiral announced its new coding library through a humorously presented video trailer on Monday. Its inspiration comes from an…

History has been made in the realm of Bitcoin and cryptocurrency payments. For example, Bitwage – a cryptocurrency payroll and asset services company – recently processed the world’s first lightning network payroll. In what seems like a growing fusion between Crypto and Sports, the payroll belonged to USL professional soccer player Alex Crognale. Powering The Bitcoin Salary BitWage revealed the milestone in a statement to Bitcoin Magazine earlier today. Both Crognale and Bernard Parah – CEO of Bitcoin native Fintech…

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…

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…

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,…

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 are the transactions 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 has over…