Plasma Became Optimism and It Might Just Save Ethereum

The ethereum network is still looking to boost transaction capacity and the startup Optimism wants to lead the charge.  Since the network’s throughput is limited to roughly 15 transactions per second, ethereum can’t become a widespread platform for automating functions, like supply chain management and loans, unless it scales. So Optimism aims to use a […]

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What Are Lightning Wallets Doing to Help Onboard New Users?

The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss Lightning Network technology and two innovative approaches at the wallet level which simplify the new-user experience at a tangible, but seemingly minimal cost.  Subscribe to the new CoinDesk Podcast Network for fresh, insightful episodes […]

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Why High-Profile Defections Aren’t Libra’s Biggest Challenge

Libra has lost another Association member, but according to @nlw that’s likely low on its worries list, plus Square’s LN efforts & TON’s SEC support. News broke yesterday the Libra Association had seen its eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues Association membership is […]

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How Bitcoin’s Lightning Can Be Used for Private Messaging

Bitcoin’s lightning network might have a use case beyond faster and more scalable payments. Last week Lightning Labs developer Joost Jager revealed an experimental, new proof of concept: Whatsat, a version of lightning that can be used to send private messages. Like bitcoin, it’s censorship-resistant. But, unlike encrypted apps that morph messages into unreadable, garbled […]

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Lightning Labs Designs Monitoring Tool for ‘Layer 2’ Bitcoin Network

The lightning network, seen as the future of bitcoin payments, is now a bit easier to monitor. This Wednesday, Lightning Labs released a new network analysis tool dubbed “Lndmon” that bitcoin lightning network users can use to pull up data about the state of their node and the rest of the network. The offering features […]

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Lightning Labs Mobile App Gets 2,000 Downloads in 24 Hours

San Francisco-based Lightning Labs, focused on a layered scaling solution for bitcoin, released its first mobile app on Wednesday. According to Lightning Labs application developer Tankred Hase, roughly 2,000 users downloaded the app across both iOS and Android. Both his inbox and the inbox of his colleague, developer Valentine Wallace, were flooded with support requests. […]

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Can Bitcoin’s Lightning Network Power Payments in a Japanese Bar?

A bar in Japan is teaming up with a locally-based lightning startup to let customers pay for sparkling wine and soft drinks using the experimental payments network. For the month of June, the Japan-based lightning startup Nayuta will be partnering with Awabar Fukouka to trial the payment system in what they’re calling a “field test.” […]

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Bitcoin Startup Unveils ‘Thunder Bird’ Lightning Code for IoT Devices

Japanese startup Nayuta is releasing an in-progress lightning implementation with a compelling new focus: the internet of things (IoT). As revealed exclusively to CoinDesk, Nayuta is publishing the first lightning implementation geared specifically toward IoT, or networks of connected devices that feed data to one another. The idea behind Nayuta’s release is that it connects […]

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Bitrefill’s ‘Thor Turbo’ Lets You Get Started With Bitcoin’s Lightning Faster

Bitrefill has launched a new service that seeks to simplify the process of setting up payment channels on the lightning network, the experimental, layer-two initiative being built on top of bitcoin. Demoed for the first time Friday at the Understanding Bitcoin conference in Malta, the new service – dubbed “Thor Turbo” – helps users to […]

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This New Lightning App Aims to Make Getting Paid in Bitcoin Easier

A new app today has launched that aims to tackle the problem of “inbound capacity” on bitcoin’s lightning network. One of the challenges facing the still-in-development payment network centers around the need to have sufficient funds on the opposite end of their lightning channel, known as inbound capacity. Put more simply, users need to undertake […]

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