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The Lightning Network Now Supports Transactions Across Blockchains

Although still in testing phase, the lightningnetwork can now be used to send transactions across different blockchains. TheLightning Labs development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week: ownership of the coins changed hands, while no transaction was recorded on either blockchain.“Previous atomic swaps that I have done we


SegWit Transaction Percentage on Bitcoin Blockchain Dips Below 10% Again

The activation of Segregated Witness on the Bitcoin network hasn’t done too many favors so far. The number of SegWit-capable transactions is still incredibly low. Without proper support form wallets and other service providers, this will not change. According to the charts, less than 10% of all transactions use this scaling solution. It is a very worrisome trend, to say the very least. Solving t


Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited

At press time, the Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. Since larger blocks are clearly dead in the water, there is only one apparent solution to the s

All You Need to Know About This Whole SegWit vs. SegWit2x Thing, Explained

What is Segregated Witness?Segregated Witness, often abbreviated to SegWit, is a proposed update to the Bitcoin software, designed to fix a range of serious issues.It is developed by its long-standing team. Bitcoin Core is currently the most popular Bitcoin reference client, in use by the majority of the businesses in the industry.Originally, the update was aimed at solving transaction malleabilit

Closing the Curtains On Segwit2x and the Following Aftermath

News In less than eight days Bitcoin network market participants were ready for the planned Segwit2x fork, canceled yesterday. Now cryptocurrency proponents everywhere are expressing opinions about the Segwit2x plan in general, and the working group’s decision to give up on forking the protocol.Also Read: Openbazaar Sees a Variety of New Vendo


NO2X: Next Week’s Hard Fork Has Been “Suspended” Due to a Lack of Consensus

There will almost certainly be no Bitcoin hard fork next week: the main organizers behind the SegWit2x project have “suspended” their efforts.In anemail to the SegWit2x mailing list, one of the main organizers behind the project,BitGo CEO Mike Belshe, explained that the proposed hard fork has not been able to gain sufficient consensus to proceed:“Although we strongly believe in the need for

As Bitcoin Reaches New Price Highs, Network Congestion and Fees Spike

Technology Bitcoin markets have been on a tear lately, and the price has spiked quite a bit last month and into November. However, as bitcoin’s value surpassed $7K per BTC, transaction bottleneck and miner fees have risen again, causing users to complain about unconfirmed transactions and paying $5-10 per transaction.Also read: Ethereum Wallet

Fork Watch: The Chain With Less Hashrate Could Come to a Screeching Halt

Op-Ed Over the next two weeks, bitcoin proponents from both sides of the scaling debate will be preparing for a possible hard fork. A lot of people believe the Segwit2x fork will be entirely different than August’s bitcoin cash fork, and for good reason.Also read: Satoshi Revolution – Chapter 2: Technology Meets Anarchy. Both Profit (Part 2)

A Simple Guide to What Bitcoin Forks Are and Why They Happen

Technology Right now people keep hearing about the pending fork scheduled for on or around November 16. Because software forks and blockchain splits can be a confusing subject, we want to explain just what a fork is and what it means for all the network participants involved. Also read: Preparing for the Bitcoin Hard Forks: A Step-by-Step W

Software Wars: Segwit2x Uncertainty and the Casting of Miner Votes

Technology Just recently news.Bitcoin.com reported on the Segwit2x lead developer Jeff Garzik detailing that the upcoming fork was “still full steam ahead.” Lately, bitcoin proponents from both sides of the scaling debate have been bickering quite a bit, and now many businesses and individuals are either declaring their Segwit2x support or distan