Lightning Network

CoinSwap and the Ongoing Effort to Make Bitcoin Privacy ‘Invisible’

A developer known for working on enhancing Bitcoin privacy has set his sights on a new project he hopes will “massively improve” how we keep our transactions private. Chris Belcher, who also created the technical privacy market JoinMarket, is currently working on putting to the test CoinSwap, an idea first proposed by legendary Bitcoin developer …

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Listen: What a Bitcoin Researcher Says About Lightning

Chaincode Labs researcher Clara Shikhelman has been studying mathematics in university since she was 14 years old. Now, as the bitcoin company’s newest post-doctoral fellow, she is exploring ways to optimize the Lightning Network. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, …

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Bitcoin App Bottlepay Is Back From the Dead With a New Lightning App

The social payments app Bottlepay (née Bottle Pay) aims to relaunch in the next few weeks, after shuttering due to regulations in December 2019.  After restructuring the bitcoin wallet product to fit Europe’s anti-money laundering directive (AMLD5), the British startup is offering an exchange wallet with social features on Reddit, Twitter and Discord. Bottlepay co-founder …

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Bitcoin Wallet Electrum Now Supports Lightning, Watchtowers and Submarine Swaps

One of the most popular Bitcoin wallets, Electrum, now supports Lightning Network payments. The latest swathe of major changes was released in version 4.0, one of its biggest upgrades since the Bitcoin wallet launched in 2011. (Note: Since the 4.0 release, some bug fixes have been added.) Lightning payments are seen as the future of …

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Bitcoin’s Lightning Network Is Vulnerable to ‘Looting’: New Research Explains

Savvy attackers might be able to “loot” bitcoin from others by way of the Lightning Network if users aren’t careful, a new cybersecurity report warns.  The Hebrew University of Jerusalem computer scientists Jona Harris and Aviv Zohar have taken a closer look at a “systemic” Lightning Network attack that could lead to loss of funds. …

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‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network

Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read …

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Researchers Say New Lightning Network Attack Could Create ‘Chaos’

A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system. According to the “Flood & Loot: A Systemic Attack On The Lightning Network” paper, Jona Harris and Aviv Zohar from the Hebrew University in Israel evaluated a systemic attack …

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Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain

Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more. …

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Proof-of-Work vs. Proof-of-Stake for Scaling Blockchains

Most people in the cryptocurrency world are aware that network validation often comes in one of two forms: proof-of-work or proof-of-stake. There are others, but these systems are common and power many of the most popular blockchains. They take the same basic problem — verifying transactions — and solve it in unique ways. However, both …

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Bootstrapping Mobile Mesh Networks with Bitcoin Lightning

‘The best Sundays are for long reads and deep conversations. Recently the hosts of the Let’s Talk Bitcoin! Show were joined by Richard Myers to discuss the current state of mesh networks and how Bitcoin’s Lightning may be the missing ingredient to their success. On today’s episode of Let’s Talk Bitcoin! you’re invited to join Andreas M. …

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