Why Bitcoin Lightning Network being pronounced dead might be premature

2021-7-9 21:30

When Bitcoin was first proposed by Satoshi Nakamoto, the very first public criticism it received revolved around its scalability potential. Fast forward to 2021, and scalability is still the biggest pThe post Why Bitcoin Lightning Network being pronounced dead might be premature appeared first on AMBCrypto.

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Bitcoin [BTC] scalability solution cannot be solved entirely, says Andreas Antonopoulos

Andreas Antonopoulos, who has been a popular face in the cryptocurrency ecosystem, recently addressed the scalability conundrum plaguing the Bitcoin [BTC] blockchain. As he continued to discuss important topics, Antonopoulos, in a recent Bitcoin Q/A session on his official YouTube channel, said that the long-winded scalability problem will always exist.

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There was one issue with Bitcoin when it was first proposed in 2008 by Satoshi Nakamoto:  it couldn’t scale. Ten years later and Bitcoin has the same scalability problem. Throughout its existence, it hasn’t managed to go beyond processing more than seven transactions per second; which was enough in the beginning.

2019-4-10 19:21


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Although most blockchain technology companies are promising disruption across multiple industries, Vitalik Buterin, the widely accredited crypto-genius and creator of Ethereum, believes that for blockchain to reach mass adoption, it must first solve the “scalability trilemma” – the three essential factors which the perfect blockchain must provide.

2019-4-8 18:19


Binance’s research over Bitcoin revisiting ‘2017 glory’ rejected by crypto-enthusiasts over scalability, network saturation issues

Bitcoin’s [BTC] surge over $5,000 gave many crypto fans a ray of hope as it signalled the possibility of a continued bull-run. Binance’s research on Bitcoin’s performance dealt with the question ‘can Bitcoin return to its 2017 glory?’ and indicated that we could be getting close to the 2017 glory.

2019-4-7 01:03


Bitcoin [BTC] Lightning Network payments now possible via Bitcoin ATM

One of the major issues that the Bitcoin [BTC] network was facing for a long time is scalability. This was significantly improved by the introduction of Bitcoin’s Lightning Network. The Lightning Network gained momentum in the beginning of 2019 and according to recent reports, making Bitcoin payments with the help a Bitcoin ATM via the […] The post Bitcoin [BTC] Lightning Network payments now possible via Bitcoin ATM appeared first on AMBCrypto.

2019-4-1 18:30


X-Hive Cryptocurrency Exchange: Safe Bitcoin Trading Platform to Try?

X-Hive is a decentralized cryptocurrency exchange featuring an original consensus that provides its users with access to a wide variety of cryptocurrency pairs in a secure trading environment. Additionally, by being a hybrid exchange, the X-Hive exchange platform will solve the major problems facing decentralized exchanges in regards to speed, scalability, and support issues through […]

2019-3-27 06:09


Main Bitcoin Development Company Blockstream Releases c-lightning 0.7 BTC Scalability Software

Blockstream, one of the biggest powerhouses in Bitcoin and blockchain technology, has recently introduced a new version of C-Lightning, its own Bitcoin software for scalability. According to Blockstream’s official website, the new version is the result of a lot of hard work over a period of 8 months by many different people all over the […]

2019-3-5 04:50


What are Watchtowers and How Do They Work? Bitcoin’s Lightning Network Latest Development

Bitcoin has always had a scalability problem. While this cryptocurrency wants to become the worldwide money of tomorrow, it currently doesn’t have the technical prowess to do so. For the entire world to be able to use Bitcoin for their everyday payments and other financial activities, Bitcoin’s blockchain will need to be able to handle […] The post What are Watchtowers and How Do They Work? Bitcoin’s Lightning Network Latest Development appeared first on CaptainAltcoin.

2019-3-4 17:53


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Radar Releases One-Stop Onramp for Bitcoin’s Lightning Network

Yesterday, Radar — a Denver-based technology startup looking ahead to the new financial paradigm — released a new “onboarding experience” for Bitcoin’s Lightning Network. Called ION, the new project is an interactive guide for learning how the Lightning Network works and for experimenting with the popular second-layer solution to Bitcoin’s scalability issues.

2019-3-3 02:00


Ôîòî:

Ethereum Foundation Gives Grants to Support Scalability Research

The fifth wave of grants from the Ethereum Foundation gave focus to scalability research and was announced via a press release on February 21, 2019. A Helping Hand Just a few months after they announced the fourth wave of grants and gave financial support to Parity Technologies, the Ethereum Foundation has officially announced the fifthRead MoreRead More.

2019-2-24 08:00


Torch Secured: Fidelity Investment’s Crypto Division Joins Bitcoin Lightning Trust Chain

It isn’t a secret that the Lightning Network, a second-layer solution aimed at easing the qualms Bitcoin faces with scalability, has seen monumental levels of adoption as of late. The ecosystem has seen its maximum capacity swell over the 700 BTC milestone, cementing its viability as a system that provides cost-efficient, rapid, secure, and more.

2019-2-24 00:00


Lightning Network is As Good As Other Traditional Payment Methods Right Now, Study Concludes

Despite having severe scalability problems, Bitcoin remains the most important cryptocurrency with the largest market cap. Its high value has resulted in extremely high fees, and its high level of adoption resulted in transactions taking a long time to confirm, especially in 2017, when the network clogged and BTC reached ATH.

2019-2-9 16:38


Bitcoin Only: Square CEO Jack Dorsey Doesn’t Care for Other Cryptocurrencies on Popular ‘Cash’ App

Square and Twitter CEO Jack Dorsey has made it very clear that Square will only support Bitcoin (BTC) in the foreseeable future. On February 6, in response to some members of the cryptocurrency community inquiring about potential Square integrations, Dorsey said: Nah — jack (@jack) February 5, 2019 He also expressed his enthusiasm towards the Lightning Network, a second-layer scalability solution that enables instantaneous payments on Bitcoin.

2019-2-7 18:13


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