@Hodlonaut Crowdfunding Campaign Spins Up Uniting Crypto Community Against Craig Wright

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@Hodlonaut Crowdfunding Campaign Spins Up Uniting Crypto Community Against Craig Wright
#WeAreAllHodlonaut, a crowdfunding campaign to support Hodlonaut’s legal battle against Craig Wright, has already raised around $30,000 from 1,000 backers.
@Hodlonaut Crowdfunding Campaign Spins Up Uniting Crypto Community Against Craig Wright

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Source: CoinSpeaker

Bitcoin [BTC] Lightning Network achieves $5 million capacity on the back of the bull run

Bitcoin [BTC] Lightning Network reached a milestone, after recording an impressive $5 million in capacity, on the back of the bull run in the cryptocurrency market.
According to data released by 1ml.com, the network capacity of the Lightning Network, at press time, was listed to be 1,068.17 BTC, around $45.3 million. This is an all-time high for the 2nd-layer payment protocol.
When compared to last month, Bitcoin’s transaction capacity increased by over 50 percent. The number of active channels recorded was 39,124. The number of channels surged by 22.36 percent over the past 30 days.
The capacity per channel, at press time, remained at an average of $128 and was indicated by the violet line. However, as the blue line indicated, the capacity per channel achieved higher efficiency, raising the average to around $425.
Source: Bitcoin Visuals
The progress of the Lightning Network was highlighted by the development of Lightning Loop, a non-custodial service that made it easier for people to receive funds, last month. The objective of the loop was to simplify the process of the transaction over the 2nd layer payment protocol.
Another advocate for the increased popularity of Lightning Network has been the Lightning Torch experiment. The experiment continued into its third month, involving more and more well-known personalities from inside and outside the cryptocurrency sphere.
At press time, Henry Brade had the Lightning Torch, after he received it from @CryptoRafe, a Bitcoin enthusiast on Twitter.
Source: Twitter
Other famous personalities to be involved in the experiment were Tron’s Justin Sun, Binance’s Changpeng Zhao and Twitter CEO Jack Dorsey.
The post Bitcoin [BTC] Lightning Network achieves $5 million capacity on the back of the bull run appeared first on AMBCrypto.
Source: AMB Crypto

Lightning Labs Releases Loop Feature to Improve Bitcoin Payments on Lightning

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Lightning Labs Releases Loop Feature to Improve Bitcoin Payments on Lightning
Lightning Labs has announced alpha release of Lightning Loop aimed to imrove the efficiency, scalability, and usability of Lightning.
Lightning Labs Releases Loop Feature to Improve Bitcoin Payments on Lightning

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Source: CoinSpeaker

Bitcoin’s Lightning Torch touchdowns in Iran as experiment overcomes censorship criticism

The Lightning Network has been one of most talked-about and highly debated topics in the blockchain and cryptocurrency ecosystem this year. The Lightning Torch experiment gained a lot of traction as major personalities and crypto influencers got involved in the global peer-to-peer experiment.
The experiment reached another major milestone this week, with the Torch reaching Iran, days after it invited criticism about censorship among participants based in the country.
Ziya Sadr, Coinex executive, who received the transaction recently, had this to say,
Source: Twitter
The Lightning Network was facing major flake after one participant refused to send the transaction to a recipient in Iran. The situation was contrary to the principal objective of the Lightning Network at it was designed to be borderless and completely decentralized for both Bitcoin and Lightning Payments.
After Ziya Sadr was denied access to receive payment on the network, he gained tremendous community support, including from Peach Inc’s Vijay Boyapati who claimed that political factors had prevented him from getting involved in the Lightning Torch experiment.
Vijay Boyapati commented,
“Very sad that two peaceful people cannot transact with each other across the world because of the state.”
According to the Torch’s official website, a Welshman based in the UK, Bitgeiniog, facilitated the move after receiving the payment from Bitcoin industry media platform, Bitcoin Magazine.
The news triggered a lot of positive feedback for the Lightning Network as the experiment overcame its censorship resistance.
LN was the brainchild of a Twitter user, @hodlonaut, and he tweeted,
Source: Twitter
The Lightning Torch has been passed on to another Iranian, Ziya, now. The whole scenario over the past week up until Ziya receiving the torch, indicated a clear picture of the Lightning Networks transparency towards complete decentralization as the project overcame a major censorship issue within the span of a week.
The post Bitcoin’s Lightning Torch touchdowns in Iran as experiment overcomes censorship criticism appeared first on AMBCrypto.
Source: AMB Crypto

‘Lightning Torch’: Who Will be the Next after Fidelity Investments and LinkedIn Co-founder

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‘Lightning Torch’: Who Will be the Next after Fidelity Investments and LinkedIn Co-founder

Similar to the Olympic Flame, the Lightning Torch has gained considerable publicity since it began in January, involving the likes of Twitter CEO Jack Dorsey and Blockstream CEO Adam Back.

‘Lightning Torch’: Who Will be the Next after Fidelity Investments and LinkedIn Co-founder

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Source: CoinSpeaker

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

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A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

After covering a few of the different ways that crypto technology is getting absorbed into the more traditional sectors of finance last week, now we’d like to examine a few emerging features and techs that can impact the trajectory of crypto development.

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

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Source: CoinSpeaker

Tron Founder Justin Sun Marks the Latest Recipient of Lightning Torch

Today, Tron founder and BitTorrent CEO Justin Sun tweeted that he is the latest participant of the Lightning Torch network. From Twitter founder, Jack Dorsey to big names in the crypto industry, the torch has been relayed globally.

Recently, it found its way to the Binance CEO, Changpeng Zhao who advocated Tesla CEO, Elon Musk to be the next participant. For now, Musk is silent on this proposition who has been tagged by many Lightning Network supporters.

The relay transaction that has been circulating since January was also bounced to Twitter CEO Jack Dorsey. Dorsey appreciated the “cool example” of Bitcoin Twitter experimenting on Lightning Network.  

Just recently Dorsey had an interview with podcaster Stephen Livera and shared his plans to integrate Bitcoin with Square’s mobile app.
“It’s not an ‘if,’ it’s more of a ‘when,’ and how do we make sure that we’re getting the speed that we need and the efficiency.” He further added, “We don’t think it stops at buying and selling [bitcoin]. We do want to help make happen the currency aspect.”
Other notable torch-bearers have been Bitcoin advocate, Andreas Antonopoulos, and Blockstream Chief Strategy Officer, Samson Mow.
In Lightning Torch’s journey around the world, a few transactions have also been “stolen” as someone who received the torch, instead of passing it onto someone else, keep it with them.
Lightning Torch was first initiated by Hodlonaut that involves a Bitcoin transaction sent between nodes on the Lightning Network. Here each one adds 10,000 satoshis and the pass it on to the next.
Over the past few months, Lightning Network has grown tremendously as currently, it has over 6,100 nodes with a network capacity of 661 BTC, according to the data provided by 1ML.
The post Tron Founder Justin Sun Marks the Latest Recipient of Lightning Torch appeared first on Coingape.
Source: CoinGape

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

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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