Bitcoin [BTC]: Lightning Torch gains momentum as Binance’s CZ and Erik Voorhees participate

The cryptocurrency ecosystem has recently been very active in the development and growth of Bitcoin’s Lightning Network. The introduction of Lightning Network has been getting more and more attention due to ever-increasing support for an improved rate of adoption.
Changpeng Zhao, CEO of Binance exchange recently tweeted through his support for the implementation of Lighting Network through his Twitter.
He tweeted:

The wider adoption of Bitcoin’s Lightning Network has been assisted by the ‘Lightning Torch,’ a social experiment that has generated a lot of attention for the network.
According to the LN developers, Bitcoin’s Lightning Network offers significant improvements over major issues that plague common payment systems. The LN is supposed to enable users to transfer capital across the globe without the involvement of a third party, unlike MasterCard or PayPal.
With the help of the social platform Twitter, the experiment has caught enough momentum and people are passing the “torch payment” from one person to another after adding 10,000 satoshis [valued at $0.357 at press time] to the payment, before passing it further forward.
The experiment has got a lot of high-profile personalities to participate in the BLT [Bitcoin Lightning Network] experiment, including the CEO of Twitter, Jack Dorsey who openly participated and by extension, promoted the Bitcoin LN. Jack Dorsey had recently dubbed Bitcoin as the future “native currency” of the internet.
Regarding the experiment he had stated,
Source: Twitter
The Lightning Torch was recently passed on to Changpeng Zhao and the founder of Binance exchange was also happy to engage in the experiment and demonstrate his support for the cause.
Zhao has passed on the lighting torch to the Tron Foundation’s CEO Justin Sun who was delighted to be part of the experiment as well.
He tweeted that,
Source: Twitter
Justin Sun’s shout out and endeavour to pass on the Lightning Torch failed however as Tesla CEO Elon Musk and NBA player Kobe Bryant failed to respond and participate.
The Lightning Torch is now in the possession of Shapeshift exchange’s CEO, Eric Voorhees who recently tweeted on the subject.
He tweeted,
Source: Twitter
The post Bitcoin [BTC]: Lightning Torch gains momentum as Binance’s CZ and Erik Voorhees participate appeared first on AMBCrypto.
Source: AMB Crypto

The Lightning Pump, Bitcoin Adoption Inevitable as BTC Prices Inch Higher

Bitcoin prices are technically bullish, must close above $3,800
Lightning Network picking up, Domino’s Pizza now accepts Bitcoin via LN
Participation levels have been shrinking, volumes behind a bull confirming bar must exceed 35k

From the look of things, Bitcoin adoption will be fast-tracked by the Lightning Network. Elizabeth Stark’s project recently got a boost. At this rate, it appears as if it’s a matter of when before BTC prices rally to $6,000.
Bitcoin Price Analysis
Fundamentals
It’s the month of love, and it seems like merchants are in love with the Lightning Network. Many don’t agree with their off-chain option. Nonetheless, that is the modus operandi of Elizabeth Stark’s LN. Because of this implementation, the Bitcoin legacy network is scalable. Besides, it allows instant transactions without confirmation time worries.
These properties are perhaps the reason why the number of supporting nodes and channels are increasing. As nodes pick up, the total network capacity is also expanding and at the time of press, statistics indicate that the LN capacity is at $2.4 million—or around $645 BTC.
Remember, LN is still in beta. Now, new businesses are interested in allowing their clients to pay for merchandise or services using their Bitcoins via the LN. The latest addition is Domino’s Pizza, a multi-billion-dollar business with more than 15,000 branches all almost all continents of the world including China.
Candlestick Arrangements

Market participants are expectant, and after 13 months of damaging lows, BTC buyers are trying to wrestle control from bears. Prices are stable but encouragingly up 5.7 percent from last week’s close. All the same, BTC is under immense sell pressure despite gains of Feb 8 when at one point, the coin registered double-digit gains.
The good thing, despite possible downturns, is sellers are yet to reverse losses and trending inside Feb 8, high-volume, wide-ranging bar meaning buyers are technically in charge. However, there must be evidence from candlesticks. Therefore, it is only after prices race above at $3,800—according to data from BitFinex, that aggressive traders can comfortably load up on dips. Our immediate buy targets will remain unchanged at $4,500 with the pace of this target being hit depending on market participation levels.
Technical Indicators
In a defined trend, buyers—as we have mentioned, have to prove their mantle. Market participation levels have been low, shrinking in the last two months from around 33k in mid-Dec to about 10k as registered yesterday.
For buyers to be in control, a bar that prints above $3,800 triggering short-term bulls should have high volumes—exceeding 10k (recent averages) and 32k of Feb 8.
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Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

CoinSpeaker

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

Many prominent personalities and Bitcoin enthusiasts have recently proposed Elon Musk to take keep the fire going for the ongoing Lightning Torch experiment. Musk has yet to respond.

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

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Source: CoinSpeaker

Bitcoin [BTC]: Lightning Network surpasses 6000 nodes; network capacity up by 15%

Bitcoin has recently been on the positive side of news, and is one of many cryptocurrencies surging in the ecosystem. On the back of the recent bullish pump which saw the price valuation of all top cryptocurrencies experience positive movement, Bitcoin witnessed a low of $3400 and then surged to a high of $3700, before settling at the current price of $3650.90 at press time.
With this recent development in value and also a week of tremendous Twitter spotlight, Bitcoin’s Lightning Network is hitting new highs and records across the board in terms of mainframe implementation. Specifically, in the case of Lightning Torch, a relay transaction being bounced between nodes has already gained active support from Twitter CEO Jack Dorsey in what became a widely-publicized event last week.
According to data released from the monitoring resource 1ML.com, the website confirmed that the number of active nodes, channels and overall transaction capacity experienced over the month on the Bitcoin’s Lightning Network, are all higher than ever in its thirteen-month since its inception.
In the past 30 days, the network has seen impressive growth in terms of numbers which are as follows,
Number of Lightning nodes: 6,085; up 14.55%
Number of Lightning channels: 24,647; up 27.2%
Network capacity: 656.94 bitcoin (BTC); up 15%
The numbers can be further explained better with the help of charts regarding the network active traffic.
Nodes with and without channels | Source: bitcoinvisuals.com
The blue demographic column in the graph explains the number of nodes with channels the Lightning network has witnessed and the green column the number of nodes without channels.
With channels, the number of active nodes is 3051, whereas without channel it is only 62.
Channels per Node | Source: bitcoinvisuals.com
The graph above demonstrates the number of active channels per node where the blue line indicates no. of channels active in the 90th percentile strength which is at a number of 30 whereas the violet indicates the average strength overall and the number of channels being at 16.
The increase in network size comes as Bitcoin’s “layer 2” payment protocol Lightning Network (also known as “Lightning” or “LN”) continues to grow at a very rapid pace and gain publicity beyond the Bitcoin technical community to be a more user-driven interactive network to get the people familiarized with how the system works.
The post Bitcoin [BTC]: Lightning Network surpasses 6000 nodes; network capacity up by 15% appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC]: Lightning Network payments app charges no-fees for first $10,000 in transactions

The Bitcoin universe has not seen a flurry of positive news in the last few months due to its stint in the longest bearish market in the history of cryptocurrencies. The silver lining that has kept all the Bitcoin ‘HODLers’ engaged in the bitcoin community has been the Lightning Network, a scaling system or a side change which can facilitate a maximum of 628 BTC worth $2.14 million, at the time of writing.
One of the key applications of the Lightning Network is the payment processing app named OpenNode. OpenNode released their public beta last October with the objective to simplify the gap between Bitcoin and everyday life.
According to cryptoninjas.com, the team behind the payments app recently announced that it will be reducing transaction fees by offering incentives to the new/existing users an amount of $10,000 worth of free received transactions.
The payments app teamed is optimistic that the announcement will garner a lot of attention from the committee considering on paper it has the potential to effectively increase the popularity of the Lightning Network which can be used for instant and low-cost Bitcoin transactions.
The OpenNode team stated that:
“We believe these credits will benefit those who need it the most: growing teams who need a platform to build great products on a reasonable budget or developers who are looking to experiment with bitcoin’s newest technology.”
The regular activities which will be executed after-no fee credits will also cost a minimum fee of just 1% per authorized transaction.
Marty Bent, the Bitcoin-centric content creator, recently tweeted on the potential of the side chain. He remarked that he had sent a sum of $90 in cryptocurrency in an instant with no-fee or intermediary with a minimum chance of being censored.
Source: Twitter
A sum of $50,000 worth of free credits was also offered by OpenNode to projects and non-profit entities that need the assistance.
The app team stated:
“We hope these changes show how serious we are in showing the world that bitcoin can be used for every day. Our goal is to continue building the simplest products in payments and show the accepting bitcoin is better, more affordable alternative than anything that currently exists.”
The post Bitcoin [BTC]: Lightning Network payments app charges no-fees for first $10,000 in transactions appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin’s Lightning Torch Moves Through 37 Countries, Twitter CEO the Latest to Take It

CoinSpeaker

Bitcoin’s Lightning Torch Moves Through 37 Countries, Twitter CEO the Latest to Take It

Bitcoin’s Lightning Torch experiment has amassed over 140 participants from 37 countries with several popular global figures endorsing it.

Bitcoin’s Lightning Torch Moves Through 37 Countries, Twitter CEO the Latest to Take It

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC Transaction Volumes “Very Low”

Bitcoin prices in range mode
Lightning Network in beta but drawing interest
Market participation is “very” low

The recovery of Bitcoin prices depends on adoption levels and favorable regulations. While we are bullish, buyers are free to ramp up once we see strong gains above $3,800. Before then, traders should take a wait and see approach.
Bitcoin Price Analysis
Fundamentals
There has been much debate around Bitcoin. Often, the discussion revolves around the ability of Bitcoin to perform as billed. That is to act as a peer to peer electronic cash payment solution as stated by the founder, Satoshi. However, with time, it is increasingly becoming clear that the network won’t handle influx of users as we saw at the peaks of late 2017.
What remains after Segwit 2X is an off-chain scaling solution that is fast, secure but not trustless. The Lightning Network is off-chain, but proponents assert that Bitcoin will at the end of the day evolve into a settlement layer. A store of value platform with micro-payment executed in these scalable hubs called the Lightning Network whose use is picking up.
Candlestick Arrangements

The promise of making off-chain payments doesn’t bode well with many, but that is the current state of affairs. It may even be the only thing that will spur involvement as merchants and individuals pay for day to day goods or services. That will surely prop prices which are down 2.8 percent in the last week but stable in the last few hours. Nevertheless, our optimism is founded by positive fundamentals.
In the short-term bulls may be in control. However, the path of least resistance will be southwards if buyers fail to support prices by today’s close. We reckon that any drop below last week’s low at $3,400-500 could trigger meltdown driving prices towards $3,200 and even $1,500 assuming bears step up.
On the reverse side, our medium-term trajectory will be correct if buyers soak bear pressure, helping catalyze a comeback that will see BTC reverse losses of Jan 28. Before then, we recommend taking a neutral position.
Technical Indicators
Jan 28 bear bar with 17k versus 12k in volumes—streams from BitFinex, guides our trade plan. With near flat market participation, gains above $3,600 and consequent confirmation or nullification of Jan 29-30 double bar bull reversal pattern depends on volume surges above 17k on the lower limit. Ideally, confirming bars should have high volumes above 20k. If instead there is a spike—above 20k, but prices drop below last week lows, we could see a sell-off towards $3,200 or lower.
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Bitcoin Lightning Network Continues To Thrive Amid Crypto Downturn

The crypto downturn may have continued to ravage this industry’s startups, with an exchange even deciding to shutter all operations, but one facet of this nascent sector has continued to swell. For those who missed the memo, this facet is the Lightning Network, an off-chain system that facilitates instant, low-cost, scalable Bitcoin transactions.
Related Reading: Bitcoin Lightning Network Booms Amid “Crypto Winter”
Lightning Network Capacity Surmounts 600 BTC
Per data gathered by 1ML, the Lightning Network has surmounted a capacity of 600 BTC, just weeks after it breached the 500 BTC milestone. As of the time of writing, the scaling system can facilitate upwards of 628 BTC, $2.18 million, at maximum capacity.
While some skeptics, like Ethereum’s Eric Conner, took to Twitter to critique the seemingly low levels of Lighting adoption, many say that the lackluster capacity figures are for good reason. Moreover, seeing that Lightning has worked (and quite well at that), some see skepticism towards the Bitcoin protocol as warrantless.
In response to Conner’s quip about Lightning, in which he stated that 2,000,000 Ether (~$200 million) is locked in decentralized finance protocols, Elizabeth Stark of Lightning Labs noted that the scaling system is still in beta, adding that certain channels are intentionally-limited to facilitate a low sum of BTC. Udi Wertheimer, a leading cryptocurrency programmer, explained that the anti-Lightning comment is “idiotic,” noting that Conner’s use of “stupid metrics” is unjustified.
Bitcoin Trust Chain Sparks Positive Community Response
The Lightning Network’s swelling capacity hasn’t been the only industry occurrence that has Bitcoin’s biggest fans buzzing.
One week back, Hodlonaut, a Lighting Network crusader and self-proclaimed “HODLer,” took to his Twitter page to start an interesting community-run initiative. In a tweet that has since garnered traction, the Bitcoin enthusiast noted that he wanted Lighting-friendly users to start a chain, whereas participants would send marginally more BTC with each so-called “hop” on the scaling solution.
While the initiative wasn’t originally named, it became known as the Trust Chain as some of the crypto space’s most prominent influencers threw their hat in on the matter. Participants included Anthony “Pomp” Pompliano, the founder of Morgan Creek Digital Assets, Klaus Lovgreen, and John Carvalho of Bitrefill.
Marty Bent, a long-time Bitcoin-centric content creator, recently commented on the Lightning Network’s potential in a recent tweet. Speaking on his participation in the Trust Chain event, which has now facilitated 1.6 BTC in transactions from 122 participants, Bent remarked that he was sent $90 in cryptocurrency “instantly, with basically no-fee, no intermediary, and no chance of being censored.

Crazy to think that someone from Singapore just sent me $90 (2.6M sats) instantly, with basically no-fee, no intermediary, and no chance of being censored.
Bitcoin is inevitable. Most of the world doesn't realize this. You have an edge if you do. https://t.co/fyp4jz5bQv
— Marty Bent (@MartyBent) February 2, 2019

And with this in mind, Bent briefly touched on Bitcoin’s long-term potential, noting that the network’s rise to power, as it were, is inevitable. The recent Trust Chain torch holder’s comment comes just weeks after Travis Kling, the head of Ikigai, also remarked that there is an inevitability to Bitcoin. The Trust Chain seems to still be running hot, but who will take the helm next?
Bitfury Group, a leading industry upstart, recently unveiled products and ventures that could bolster Lightning’s adoption in the weeks to come. In an announcement covered by NewsBTC, Bitfury revealed that it will begin pushing an open-source LN wallet, a hardware terminal, an e-commerce integration for merchants, and a suite of developer tools to build on the scaling system.
Featured Image from Shutterstock
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7 Attention-Grabbing Cryptocurrency Trends that Will Define Business in 2019

CoinSpeaker

7 Attention-Grabbing Cryptocurrency Trends that Will Define Business in 2019

In this guest post, Scott Mathews, crypto enthusiast and professional content writer, explains the concept behind cryptocurrencies taking a look at attention-grabbing trends that are most likely to be crucial for 2019.

7 Attention-Grabbing Cryptocurrency Trends that Will Define Business in 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

Despite Negative Price Action, Positive Fundamental Growth of Bitcoin Recorded in 2018-19

Bitcoin transaction volume is a clear technical indicator informing about the fundamental usage of Bitcoin.  The transaction volume had decreased drastically since January 2018 recording below 150,000 transactions in each block. Nevertheless, the transaction volume has gained traction and has again reached the Q4 transaction volume of 2017.
Fundamental Growth of Bitcoin
The chart suggests that the rise since June 2018 in the transaction volume of Bitcoin has been steady. Despite the adverse price action since November 2018 dragging the price from $6400 levels testing $3200 level as the bottom, the transaction volume is on a consistent rise.
Graph of the number of transactions Recorded in each Block
If we neglect the isolated incident of an unprecedented rise and a rather unusual crypto-activity in December 2017, the price comparison of the above mention period also reveals fascinating similarities. The price during Q3 of 2017 was hovering the $3000 – $4500 range. Moreover, during the last two quarters of 2017, the concerns regarding scalability had haunted the BTC transactions. Due to the increase in volume, the transaction fees reached an all-time high and the time taken to incorporate blocks exceeded 10 minutes. 
Graph of number of Bitcoin Transactions per Block
SegWit and Lightning Network (LN) Improve Scalability
The adoption of SegWit and Lightning Network in the Bitcoin has improved the transaction capacity of Bitcoin. The same number of transactions per block recorded during July-September 2018 are being solved in a considerably lesser time. In January 2019, a cryptocurrency independent researcher Kevin Rooke highlighted a significant improvement in Bitcoin, I.e., reduced transaction fees to 2015 levels. 

Bitcoin tx fees just hit their lowest level in over 3 years!
Jan 1, 2019:Median Bitcoin tx fee = $0.02Total transactions = 234,576
Oct 13, 2015:Median Bitcoin tx fee = $0.02Total transactions = 134,741 pic.twitter.com/HjNUO4ktnj
— Kevin Rooke (@kerooke) January 4, 2019

All-Time Price of Bitcoin on a logarithmic scale
Despite varying apprehensions, delayed regulations and price drop affecting Bitcoin, the use and transaction capability of Bitcoin keeps on improving. January 9, 2019, marked the tenth anniversary of Bitcoin. Despite the price fluctuations over the years, the graph of Bitcoin Price on a logarithmic scale implicates consolidation and long-term HODLing. These indicate sound technical and fundamental growth for Bitcoin undeterred by the adverse price action.
The post Despite Negative Price Action, Positive Fundamental Growth of Bitcoin Recorded in 2018-19 appeared first on Coingape.
Source: CoinGape

Lightning Network Record: 1 Bitcoin [BTC] Routed in Lightning Transactions in a Day

Satoshi Labs has reportedly made a record by routing one Bitcoin in Lightning Transactions in a day. This got the crypto community talking on the slow adoption of Lightning Network in comparison to its growth.  
Setting a New Milestone
Lightning Network is already making a lot of growth and now it has made another record. Pavol Rusnak, CTO of Satoshi Labs took to Twitter to share this achievement of becoming the first node in Lightning Network history to route 1 BTC in a day.
“It seems that our Satoshi Labs node is the first Lightning Network node in history that routed 1 BTC (100,000,000 satoshis) in Lightning transactions per single day!”

According to the data provided by 1ML, in the past 30 days, Lightning Network has seen the network capacity rise 11 percent to 577 BTC. The number of nodes is gone above 5,700 while the number of channels has seen a rise of 35 percent to 22,300.
As we reported last week, Lightning Network has a lot of developments coming in this year and with the rate, the current growth is happening in the network, the capacity could be expected to rise to a billion in next year.
This got the crypto community elated and started as one stated on Reddit, “Lightning kicks ass. So why isn’t the rest of the world quickly adopting it? Does it depend on marketing?”
Another Redditor had this to say in part, “I keep running into people who have a warped and incorrect preconception about how lightning functions, and have strong criticisms founded on those invalid assumptions.”
Most of the enthusiasts agree with there being lack of information among the masses as yet another Redditor tried to explain,
“There is a strong perception that LN has killed bitcoins ability to onboard the 6 billion poorest in the world for free. Because it costs money to open and close channels. However, it’s a misunderstanding due to lack of information. In fact bitcoin * is * for poor people, and LN proponents are building for that. (…) In my opinion, coders aren’t great communicators. They write code. They don’t do marketing and education, or PR.”
But not everyone agrees with this narrative as this Reddit user said,
“I strongly disagree with the narrative that the technical community isn’t good at communicating and that this is the problem. The communication is public and in plain English.”
For others, “the primary issue (IMO) is that a leaderless and decentralized community has no unified or coherent messaging or marketing.”
What are your views on the growth Lightning Network is currently seeing and its adoption?
The post Lightning Network Record: 1 Bitcoin [BTC] Routed in Lightning Transactions in a Day appeared first on Coingape.
Source: CoinGape

Bitcoin Lightning Network Adoption Advanced by New Bitfury Product Suite

The lightning network is still under development but that hasn’t stopped the Bitfury Group from launching a new product suite designed to make the system easier for merchants and consumers to use.
Wallets, eCommerce Software, Terminals and Nodes
Lightning network has been hailed as the savior of Bitcoin, bringing its transaction speeds to equal or exceed some of the alternative cryptocurrencies that have emerged over the past couple of years. Rapid and low cost transactions would no doubt to wonders for Bitcoin adoption in everyday life but so far progress has been slow.
Blockchain technology provider Bitfury, founded in 2011, aims to change that with its new LN based products which include an open source LN Bitcoin wallet, a hardware terminal and e-commerce software for vendors, payment processors, and a suite of developer tools. A public Lightning Network node has also been created to help users open payment channels.
According to the announcement the products, which are supported by Bitfury’s Lightning Network engineering and research team, Lightning Peach, have been designed to bring all steps of the business cycle onto the network. Ease of onboarding is key to overall adoption and Bitfury have acknowledged this with the new suite for both merchants and consumers. Bitfury CEO, Valery Vavilov, added;
“The Lightning Network will enable people to use bitcoin in their everyday lives. By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants.”
There are a raft of features on the new Peach wallet which all make using LN for daily transactions far easier. The commerce suite has been targeted at individual merchants and payment processing companies, again making their lives easier when dealing with LN. The terminal provides point of sale and vending machine support for instant, low cost Bitcoin payments.
Bitfury is not the only company eager to get more people using lightning network. In a related report, Forbes has suggested that LN could replace all potentially unsecure altcoins offering faster transactions. Online retailer, Bitrefill, has claimed that almost twice the amount of payments made are processed on LN than all other altcoins combined.
The company offers a range of digital goodies such as gift cards and prepaid phone minutes via cryptocurrency payments. Just like Bitfury, it too has been working on a range of products to increase usage and adoption of the lightning network. Referring to Thor, a channel creation service on Bitrefill’s node, the company blog added; “If someone’s looking to receive bitcoin, as tips or other earnings, this is a quick and easy tool to get started. Bitrefill’s node is a highly interconnected in the Lightning network,”
Adoption is paramount to the growth and success of cryptocurrencies, and for Bitcoin at least, the lightning network plays a huge role in increasing its daily usage as a means of quick and easy payment as it was originally designed.
Image from Shutterstock
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Bitfury Releases New Set of Tools Aiming to Push the Adoption of Bitcoin Lightning Network

CoinSpeaker

Bitfury Releases New Set of Tools Aiming to Push the Adoption of Bitcoin Lightning Network

Bitfury strives to tackle one of Bitcoin’s eternal issue, limited scalability, with the brand-new toolkit released to boost the user experience of Bitcoin’s lightning network.

Bitfury Releases New Set of Tools Aiming to Push the Adoption of Bitcoin Lightning Network

Continue reading at Coinspeaker
Source: CoinSpeaker

Lightning Network Capacity to Explode in Coming Months in the Light of Ongoing Trend

Key highlights:

Bitcoin Lightning Network capacity has crossed 563 BTC, over 2 Million at the current price
Litecoin Lightning Network capacity is up 128% in the past month
With the current trend, Lightning Network capacity could explode to $1 Billion in about 15 months

Bitcoin & Litecoin Lightning Network Capacity Already Surging
According to the data provided by the 1ML, the Bitcoin Lightning Network capacity has reached 563.98 BTC with a 12 percent increase in the past 30-days. At current Bitcoin price, this amounts to just above $2 million. The number of channels is seeing a surge of about 37 percent at 21,616 while the number of nodes has reached 5,614 with 17.79 percent increase in the past 30-days.

Meanwhile, the performance of Litecoin Lightning Network is already seeing an explosion with a surge of 128 percent in Litecoin capacity at 60.73 LTC that amounts to just about $2,000 at its current price. While the number of nodes at 124 is seeing an increase of 25 percent in the past month, with 79 percent surge, the number of channels are currently 524.

While the Bitcoin and Litecoin capacity on Lightning Network is already increasing, in the coming months it is expected to explode.
In the light of upcoming developments on the Lightning Network in terms of Neutrino, Submarine Swaps, Dual Funded Channels, Atomic Multi-Path Payments (AMP), Splicing, Wumbology, Sphinx-send, and Watchtowers that are in line for this year, 2019 is expected to be a progressive and interesting one.
Also, a Redditor shared an interesting post, “If the current trends continue, the lightning network will have a capacity of over $1B within the next 15 months.” However, the Redditor expects the public channels to be possibly more than what being advertised.

Recently, Bitrefill, a business that allows their customers to buy prepaid phone minutes, gift cards among other digital goods with cryptos has been working on building the infrastructure around Bitcoin Lightning Network.
“If someone’s looking to receive bitcoin, as tips or other earnings, this is a quick and easy tool to get started. Bitrefill’s node is a highly interconnected in the Lightning network,” reads the company’s announcement about Thor.
Bitrefill’s John Carvalho recently revealed that the Lightning Network now accounts for more payments than any of the altcoins that they accept. “It’s increasing every day almost,” said Carvalho and further added, “It’s actually double most of the altcoins.”
The post Lightning Network Capacity to Explode in Coming Months in the Light of Ongoing Trend appeared first on Coingape.
Source: CoinGape

Crypto Market Update: Litecoin Lifted on Lightning Network Milestone

FOMO Moments
Crypto markets immobile on Sunday; Litecoin leading, Cardano recovering.
There has been another slight pullback on crypto markets this Sunday as a range bound channel starts to form. Market capitalization has remained over $130 billion but only just, there has been very little movement over the weekend.
Bitcoin has retreated another percent or so on the day as it falls back to $3,830. It reached an intraday high of $3,900 but could not break resistance there and fell further back. Daily volume is just below $5 billion as Bitcoin continues to consolidate.
Ethereum has lost some of its recent gains by dropping 3.5% on the day and falling back below $155. ETH is still around $1.5 billion in market cap ahead of third placed XRP though which has remained at the same level over the past 24 hours.
The top ten altcoins are pretty much all in the red except one. Litecoin is making a rare recovery while those around it have fallen slightly. LTC is currently up 7% on the day taking it over $35, as daily volume jumps from $400 million to $700 million. Market cap is now over $2 billion and rapidly closing in on Stellar which is only marginally ahead at the time of writing. The momentum comes a couple of days after OKEx announced a perpetual swap feature for LTC and ETH, additionally the Litecoin Lightning Network has just reached the 100 active node milestone;

The Litecoin Lightning Network has just surpassed 100 Active Nodes #Litecoin #ltc #crypto #cryptocurrency #blockchainhttps://t.co/nxRVeH61MP
— Litecoin.com (@LitecoinDotCom) January 5, 2019

The rest of the altcoins in the top ten have not moved a great deal from yesterday’s levels, Tron has made a minor gain though.
Cardano is the only crypto asset moving in the top twenty as it too adds 6% on the day. Neo has crept up 1% but the rest are falling back a percent or two with Iota taking the biggest hit of 3.5% loss on the day.
Sunday’s fomo pump goes to ODEM which has surged 45% at the time of writing. It is the only altcoins making double digit gains at the moment as the rest are sluggish. There are two cryptos dumping doubles in the top one hundred at the time of writing and they are REPO and PIVX, with MobileGo not far behind at a 9% loss.

Total crypto market capitalization has not changed a great deal over the past day or two. It currently remains at $131 billion, down 1.5% from the same time yesterday. A sideways channel has definitely formed since late December as markets bounce between $120 and $135 billion market cap.
FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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