The Art of Making CryptoCurrency
According to recent metrics, bitcoin ( BTC) held in the Lightning Network, a payment-oriented layer two (L2) protocol, has declined sharply over the past 37 days. Lightning Network’s $69M Drain The network’s capacity—the total BTC locked in its channels—now sits at 4,550 BTC, the smallest amount since September 2023, according to data collected by theblock.co. […] Source link
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Founder: Graham Krizek Date Founded: October 2020 Location of Headquarters: Wichita, Kansas Number of Employees: 17 Website: https://www.voltage.cloud/ Public or Private? Private In 2012, soon after Graham Krizek discovered Bitcoin and subsequently began contributing to Bitcoin Core and building his own applications on Bitcoin, he noticed an issue that was hindering Bitcoin builders. “The problem that I saw was that everyone was building everything from scratch — over and over and over again,” Krizek told Bitcoin Magazine. “There was no cloud environment where you could just spin up Bitcoin infrastructure…
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Follow Frank on X. In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have begun incorporating Lightning in 2024 than any year prior, that larger channels are forming on the network and that more Lightning nodes are coming online. Source: The Lightning Network: Expanding Bitcoin Use Cases Some key…
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HTX has announced the integration of Bitcoin’s Lightning Network, a second-layer payments protocol designed to facilitate faster and cheaper transactions. This move aims to enhance the efficiency of Bitcoin payments and withdrawals on the platform, significantly reducing transaction times and costs. The integration is part of a strategic partnership with IBEX, a fintech company specializing […] Source link
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Company Name: Alby Founders: Michael Bumann, Moritz Kaminski and René Aaron Date Founded: Open-source project founded in December 2020 / Company founded in March 2022 Location of Headquarters: Fully remote Amount of Bitcoin Held in Treasury: N/A Number of Employees: 10 Website: https://getalby.com/ Public or Private? Private Michael Bumann wants to make it simpler for people to send value across the internet. This is why he created Alby — an open-source initiative-turned-company best known for its browser extension wallet app, which enables users to send and receive sats via the…
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Bitcoin Lightning Network company Neutronpay has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment is to help Neutronpay bring instant and cost-effective payment solutions in Southeast Asia’s digital economy with Bitcoin. “We are delighted to continue to support Albert and the team as they prove out the utility of Lightning infrastructure in Southeast Asia,” says Allen Farrington on behalf of Axiom. “We expect to see a continued normalization of the superiority of the Lightning Network over legacy fiat…
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CrowdHealth, a crowdfunding platform for paying medical experiences in lieu of an insurance policy, is integrating Lightning payments with Breez’s Lightning SDK. The United States spends more than twice the average amount of money on healthcare in comparison to other developed nations in a similar economic situation. Medical costs are one of the leading causes of bankruptcy in the United States. It is not a secret that the medical system in the US has its issues. The CrowdHealth model is based on offering an alternative to the conventional insurance policy…
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Relai, a European non-custodial Bitcoin wallet with broker services incorporated in the app, is announcing their integration of Lightning functionality today at the Plan B conference in Lugano. Lightning support will initially roll out as a closed invite-only beta program, slowly rolling out to full public access before the end of the year Q4 2023. Starting early 2024, Relai will expand the integration to direct purchases through their broker service directly into their Lightning wallets. This integration comes through a partnership with Breez, one of the earliest self custodial Lightning…
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Satslink looks similar to the Coldcard Q1, but internally it’s completely different. Coinkite Coinkite has announced their latest product, Satslink. The under-production device sits at the intersection of many different areas of communications and mobile hardware, empowering developers to build a whole slew of different applications. Rather than leaning on an opinionated framework, Satslink leverages open and flexible hardware enclosed by the Coldcard Q1’s exterior to bring variety and flexibility to developers. Those in possession of this device can choose what to do with it, and let their builder mentalities…
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One of the biggest challenges Bitcoin faces is scalability. Transactions can be slow and costly, making mainchain settlement less efficient for everyday transactional use. Enter the Lightning Network, an innovative solution that has the potential to make Bitcoin unstoppable. In the latest episode of Bitcoin Backstage, we explore the concept behind the Lightning Network, its role in Bitcoin’s growth, the involvement of David Marcus with LightSpark, and the unstoppable nature of Bitcoin itself. Understanding the Lightning Network Before we delve into the incredible impact the Lightning Network has had on…
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