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The Lightning Network's 2020
The Lightning Network's 2020
News  •  Technology  •  Jan 01, 2021 by Thomas M

Bitcoin has kicked off the year with strength, sitting at $29,400 on the first day of 2021, over 300 percent higher than on the same day in 2020. The past year has been one of accelerated recognition for Bitcoin as it has been increasingly talked about for its capabilities

Channel Jamming Attacks on the Lightning Network: A Deep-Dive
Channel Jamming Attacks on the Lightning Network: A Deep-Dive
interview  •  Technology  •  Dec 13, 2020 by Alexandra Moxin

In May this year, Bitcoin Core contributors Gleb Naumenko and Antoine Riard proposed the use of Fidelity Bonds for LN Routing to prevent channel jamming, a type of denial-of-service (DOS) attack that can occur on the Lightning Network. Channel jamming, first described in 2015 by Rusty Russell, usually describes a

Why More Bitcoin Miners Now Choose Kazakhstan
Why More Bitcoin Miners Now Choose Kazakhstan

China's Bitcoin miners may be eyeing Sweden and the Nordic countries as a new home, but they may be crucially ignoring another place much closer to home. In a report released last month, Bitcoin mining and media firm HASHR8 identified Kazakhstan as a low-key newcomer in Bitcoin'

News  •  Bitcoin  •  Jan 01, 2021
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Why More Bitcoin Miners Now Choose Kazakhstan
Why More Bitcoin Miners Now Choose Kazakhstan

China's Bitcoin miners may be eyeing Sweden and the Nordic countries as a new home, but they may be crucially ignoring another place much closer to home. In a report released last month, Bitcoin mining and media firm HASHR8 identified Kazakhstan as a low-key newcomer in Bitcoin'

News  •  Bitcoin  •  Jan 01, 2021
The Lightning Network's 2020
The Lightning Network's 2020

Bitcoin has kicked off the year with strength, sitting at $29,400 on the first day of 2021, over 300 percent higher than on the same day in 2020. The past year has been one of accelerated recognition for Bitcoin as it has been increasingly talked about for its capabilities

News  •  Technology  •  Jan 01, 2021
Channel Jamming Attacks on the Lightning Network: A Deep-Dive
Channel Jamming Attacks on the Lightning Network: A Deep-Dive

In May this year, Bitcoin Core contributors Gleb Naumenko and Antoine Riard proposed the use of Fidelity Bonds for LN Routing to prevent channel jamming, a type of denial-of-service (DOS) attack that can occur on the Lightning Network. Channel jamming, first described in 2015 by Rusty Russell, usually describes a

interview  •  Technology  •  Dec 13, 2020
Bitcoin Mining Difficulty Increases By 8.87%
Bitcoin Mining Difficulty Increases By 8.87%

Following Bitcoin's bi-weekly difficulty adjustment, mining difficulty has increased by 8.87 percent today, sitting at 19.16 T—4.4 percent lower than its difficulty all-time high, which was recorded in October this year. The hash rate is the measure of computational power that is being allocated

News  •  Technology  •  Nov 28, 2020
CCB’s $3B Bond Purchasable with Bitcoin Has Been Postponed
CCB’s $3B Bond Purchasable with Bitcoin Has Been Postponed

China Construction Bank (CCB), the world’s second-largest financial player by market cap, has postponed the issuance of Longbond, a $3 billion blockchain-issued bond that would track the price of government bonds, as per a new announcement. “Per the request of the issuer, Longbond Ltd., the listing of Longbond SR

News  •  Bitcoin  •  Nov 18, 2020
Mining Pools Poolin, Slush & BTC.com Announce Support for Taproot
Mining Pools Poolin, Slush & BTC.com Announce Support for Taproot

As the BTC Times reported, the implementation of the Schnorr/Taproot consensus rules were merged into the Bitcoin Core repository in October. The next step will be to discuss how the upgrade is to be activated on Bitcoin’s mainnet. This discussion is now taking a step forward, with Bitcoin

News  •  Bitcoin  •  Nov 16, 2020
Lightning Network Derivatives Exchange LNMarkets Hits Record Volume
Lightning Network Derivatives Exchange LNMarkets Hits Record Volume

Lightning Network-based Bitcoin derivatives exchange LNMarkets this week reported a rapid uptick in trading volume on its platform, as 40 percent of its aggregate trading volume was recorded in the past month. LNMarkets launched on the Bitcoin mainnet in March, facilitating trades exclusively via Lightning. Although still in its alpha

News  •  Bitcoin  •  Nov 11, 2020
Bitcoin Mempool Clears as Hash Rate Bounces From Lows
Bitcoin Mempool Clears as Hash Rate Bounces From Lows

Bitcoin's hash rate faced a strong correction in October. From all-time highs near 160 exahashes per second, the metric dropped by approximately 45% to lows around 90 exahashes per second. As the BTC Times reported previously, analysts believed the drop to be the result of Bitcoin miners in

News  •  Bitcoin  •  Nov 09, 2020
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