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The Bitcoin Lightning Network Reddit

Lightning Reddit.com Show details

Welcome to The Lightning Network. We are the #1 sub-reddit for Lightning Network discussions. This community is moderated, but uncensored. This means any discussion about the lightning network is allowed. This is a newbie friendly sub, don't hesitate to ask questions. Please report any post that isn't directly related to The Lightning Network.

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The Lightning Network For Bitcoin Reddit

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Discuss, promote, and help one another with the Lightning Network for Bitcoin! Check out the sidebar resources and questions megathread to learn more. Origin of Liquidity Triangles and the Reddit Megahub.

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Bitcoin Lightning Network Reddit

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Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics.

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An Overview Of Lightning Network Implementations : Bitcoin

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The Lightning Network is a proposed solution to the bitcoin scalability problem. It allows for payments to be made through a network of off-chain payment channels. This effectively allows a large number of transactions to take place without having to broadcast them to the blockchain. There are a number of different implementations of the

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What Is Lightning Network? : Bitcoin Reddit

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Lightning Network is a bunch of computers running special lightning network software all talking to each other over the Internet. The idea is that two computers can create a channel by sending some BTC into a special address from which funds can only be spent by joint agreement of both parties.These computers keep a ledger between themselves of who owns how much of …

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Tokens Are Coming To Bitcoin's Lightning Network …

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DeFi (Decentralize Finance) is growing fast: Sovryn pushes RSK TVL past Lightning Network. RSK Network, the safest smart contract platform in the world that is secured by the Bitcoin Network, has surpassed Lighting Network (LN) total value locked in Bitcoin (BTC), and now stands at 1,445 BTCs locked.

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Bitcoin's Lightning Network Now Supports 3,500+ …

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.

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Custodial Lightning Network Service News.bitcoin.com

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On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s …

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What Is The Bitcoin Lightning Network? How Does It Work

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Lightning is a decentralized network that uses smart contract functionality in the Bitcoin blockchain to facilitate instant payments across a network of users. It’s considered an off-chain or layer-2 solution because it involves activity that doesn’t occur directly on the blockchain.

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Lightning Network

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The Lightning Network is dependent upon the underlying technology of the blockchain. By using real Bitcoin/blockchain transactions and using its native smart-contract scripting language, it is possible to create a secure network of participants which are able to transact at high volume and high speed. Bidirectional Payment Channels. Two

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How To Operate A Profitable Lightning Node Bitcoin

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This is the best guide for bitcoin beginners looking to earn bitcoin by running a Lightning Network node. It offers all the tips and tools you need to run a Lightning node and make money using that bitcoin full node. There's no better way to understand bitcoin scaling than to participate in the Bitcoin network at home.

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Bitpay Will Support Bitcoin Lightning Network Bitcoinik

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There was a Reddit discussion that already occurred a year ago on the integration of the lightning network by the Bitpay platform. Last week, In Switzerland, the municipality of Zermatt start accepting bitcoin for the tax and other official payments from its local people.

Estimated Reading Time: 1 min

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Lightning Network Explained Bitcoin Maximalist

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Lightning Network is a layer two payment gateway built on top of Bitcoin, with the main purpose to handle every day transactions such as buying a coffee, or going to the supermarket. Transactions on the Lightning Network will take place in a matter of milliseconds, and it will be able to handle billions of transactions a second.

Estimated Reading Time: 9 mins

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Lightning Network Wikipedia

Cryptocurrency En.wikipedia.org Show details

The Lightning Network (LN) is a "layer 2" payment protocol layered on top of a blockchain-based cryptocurrency such as bitcoin or litecoin. It is intended to enable fast transactions among participating nodes and has been proposed as a solution to the bitcoin scalability problem. It features a peer-to-peer system for making micropayments of cryptocurrency through a …

Estimated Reading Time: 10 mins

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Lightning Hoarder : Bitcoin Lightning Network Node

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Bitcoin Lightning Network Routing Node. The Lightning Network is a second layer payment protocol that operates on top of Bitcoin.It enables instant and cheap off-chain transactions between participating nodes. To use the Lightning Network, every end user must be connected to enough well-connected nodes.That ensures that there will be network paths for every …

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Chainalysis To Add Support For Bitcoin’s Lightning Network

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Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp. Blockchain data platform Chainalysis will add support for the Bitcoin’s Lightning Network. The Lightening Network is a second layer protocol built on top of the bitcoin blockchain designed to enable fast, low-cost transactions.

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Square's Cash App Will Roll Out Bitcoin Lightning Network

Lightning Techstory.in Show details

The Bitcoin lightning network has been one of the biggest revolutions in the field of Bitcoin and cryptocurrency. While BTC has always been accused of being slow for transactions, the lightning network changed it. It brings the 3 most essential things to Bitcoin. The first is instant payments, as the speed of transactions is reduced to a few

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What Are The Benefits Of Lightning Network? NotATether

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Lightning Network is a low fee and scale-free solution that will potentially solve the Bitcoin scalability problem. When the transaction volume increases on the Bitcoin network, the amount of data that can fit a block remains the same, making it congested with a high transaction fee to process it. Lightning Network validates it off-chain making

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Discussing Lightning Network Routing Bitcoin Magazine

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The Lightning NetworkBitcoin’s Layer 2 protocol for fast and cheap payments — consists of a network of payments channels. Each payment channel exists between two Lightning users. Even if two users don’t have a payment channel between themselves directly, they can pay each other though one or several other Lightning users, who in that

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Is Bitcoin Cash Better Than The Lightning Network?

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With Bitcoin Cash, there is a 0-confirmation structure similar to Bitcoin it. Then again, Both systems work completely different, to say the least. Secondly, people claim the Lightning Network

Estimated Reading Time: 3 mins

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Lightning Network: Is It A Scalable Solution For Bitcoin

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The Lightning Network is a secondary layer protocol that runs on top of the Bitcoin blockchain to scale transaction verification. It reduces costs and traffic congestion on the Bitcoin network’s base layer. As the name suggests, the Lightning Network is designed for processing transactions in a nearly free and instant manner by taking them

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Bitcoin Lightning Network A Trump Card Over Blockchains

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Bitcoin’s lightning network is currently at an ATH capacity which is equivalent to $116.3 million in value. Moreover, Glassnode has launched the lightning network metrics to its studio. With this users will now have access to real-time statistics. Which include total capacity, mean/median channel size, lightning network node, and channel counts.

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Bitcoin Lightning Network Explained In 5 Minutes Paxful Blog

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The Bitcoin Lightning Network is a layer two or off-chain solution to the scalability problem. This means that Lightning is a second layer that’s built on top of the BTC blockchain —it has its own nodes and software that communicate with the main blockchain through mini-ledgers called channels .

Estimated Reading Time: 6 mins

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Bitcoin Adoption Increasing Number Of Lightning Network

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This is a clear sign that Bitcoin adoption is not only increasing in words, but exists in actuality. On 27 September, Glassnode shared a report on the growth of Bitcoin lightning network implementation and adoption. According to Glassnode, There were 15,600 active bitcoin lightning nodes network, which was 160% growth by September.

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Bitcoin Lightning Network — What Is It And How Does It

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Lightning Network. Lightning Network is an off-chain layer 2 application that works on top of the bitcoin blockchain itself and acts as the transaction layer. The lightning network was ideated in 2015, went live in 2018 and has been used extensively since then to scale bitcoins transactions.

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Bitcoin Lightning Network Hits $11M Capacity; Updates

Eltoo Thebitcoinnews.com Show details

Eltoo Coming to Lightning Network. A user going by the name of u/almkglor has taken to Reddit to discuss some of the upcoming updates on Bitcoin’s scaling solution, the Lightning Network. The first at hand is the channel update protocol touted “Eltoo.” According to the user, Eltoo will be solving the network’s “toxic waste” problem.

Estimated Reading Time: 3 mins

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Bitcoin Lightning Network And A Simple Review Of This

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The Lightning Network, or LN for short, is the second layer added to the Bitcoin network.This technology uses micropayment channels. This network allows transactions to be made outside the blockchain network. This feature increases the efficiency of transactions on the network and provides lower fees and faster transactions.

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What Is Bitcoin Lightning? BitcoinLightning.com

Blockchain Bitcoinlightning.com Show details

As stated before, the Lightning Network is a protocol functioning on top of the Bitcoin blockchain. The benefits of this (speed/fees/privacy), are attained by introducing off-chain payment channels. Currently, any transaction that takes place on the Bitcoin network, is recorded in fine detail on the blockchain.

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Four Tips Run Profitable Lightning Node Bitcoin Magazine

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10 weeks ago, I joined the Lightning Network barely knowing how to open a channel. Last week I became a profitable Lightning Network routing node. Here are some tips on the ultimate strategy game for LN node operators from one Bitcoin pleb to another.. Running a node is more of an art because each individual channel needs its own unique care and attention.

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Is Bitcoin Cash Better Than The Lightning Network? The

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Bitcoin Cash has no real advantage here either, despite its “unlimited” transaction size. There are some other interesting points in this Reddit thread, but they may not necessarily add up. The 0-confirmation aspect is anything but secure. The Lightning Network still doesn’t require actual network confirmations like Bitcoin Cash does

Estimated Reading Time: 2 mins

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The Lightning Network FAQ

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Merit: 2491. Write @Rath or quote my post to notify me. Re: The Lightning Network FAQ. November 05, 2021, 10:53:05 PM. #1123. Quote from: n0nce on November 05, 2021, 11:51:20 AM. We can connect now, but maybe I'll swap out the drive for a larger one, so in that case it would be better to postpone the process.

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The Bitcoin Lightning Network

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The Bitcoin Lightning Network: Scalable O -Chain Instant Payments Joseph Poon [email protected]lightning.network Thaddeus Dryja [email protected] January 14, 2016 DRAFT Version 0.5.9.2 Abstract The bitcoin protocol can encompass the global nancial transac-tion volume in all electronic payment systems today, without a single

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Bullish On Lightning Network With Thomas Jestopher

Jestopher Bitcoinmagazine.com Show details

For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by Thomas Jestopher (@Jestopher_BTC), a Lightning Network enthusiast and co-host of “Bitcoin Kindergarten.” We kicked off this interview with Jestopher sharing his rabbit hole story, discussing his first attempt to buy bitcoin from Mt. Gox in 2015.

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Bitcoin Lightning Network News & Industry Developments (2022)

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Lightning Network-Powered Bitcoin Tipping on Twitter. More News. Lightning Network 5 months ago By David Hamilton. ZION Provides an LN-Powered Social Media Experience. The decentralized social media network Zion wants to provide more freedom and earning opportunities to the market. The protocol leverages the responsiveness of the Lightning

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Lightning Network Trezor Wiki

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The Lightning network is an off-chain approach for solving Bitcoin scalability issues. It is a proposed implementation of Hashed Timelock Contracts (HTLCs) with bi-directional payment channels (a payment channel where payments can flow both directions, from Alice to Bob and back to Alice) which allows payments to be securely routed across multiple peer-to-peer …

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Bitcoin: Transaction Speeds Soar On Lightning Network

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Bitcoin’s Lightning Network, a peer to peer network of nodes that work together to make transactions easier and cheaper, has seen a boom in transactions in recent days.. Lightning Network transactions cost lower. The data showed that there are currently 24,856 active nodes and 65,311 channels operating on the network, with an estimated $108 million …

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How To Earn Bitcoin By Running A Lightning Node

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Depending on who you ask, the Lightning Network will either be the long-awaited solution to Bitcoin’s (BTC) scalability woes or a technological experiment that is bound to fail. Regardless of where your opinion lies, you can currently use the Lightning Network - despite still being in beta - to earn a small amount of bitcoin.

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Crypto Exchange OKEx Integrates Bitcoin's Lightning Network

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Crypto exchange OKEx has now integrated Bitcoin's Lightning Network after first announcing its plan to do so in February.. OKEx users can now use the Lightning Network, a Layer-2 scaling solution for bitcoin, for deposits and withdrawals. The feature is currently live on OKEx's desktop website, with mobile to be followed.

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MyNode The Easiest Way To Run Bitcoin And Lightning!

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The Lightning Network is another layer on top of Bitcoin, speeding up the rate at which Bitcoin can be sent. Bitcoin transactions are very secure, but can take 10 minutes or more to fully confirm. The Lightning Network allows people to send Bitcoin back and forth without the need to wait for each transaction to get included in a Bitcoin block.

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Jack Dorsey’s Spiral Demos Bitcoin Lightning Development

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The team from Jack Dorsey’s Spiral published a video on Dec. 7 showcasing the capabilities of Bitcoin Lightning and the Lightning Development Kit (LDK). LDK has been designed to allow developers to seamlessly plug their applications into the network on mobile devices and Point of Sale terminals. LDK supports native APIs using Rust, C, Swift

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Coinbase Now Supports Lightning Network The Cryptonomist

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Coinbase now supports Lightning Network. By Alfredo de Candia - 27 Jun 2019. As Bitrefill reports, from now on users of the Coinbase exchange will be able to use the Lighting Network on their accounts. We demonstrated the power of our new Thor API & Recharge services by adding Lightning Network capabilities to Coinbase before they did themselves.

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Block Cash App's Lightning Network Feature Allows Free BTC

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Thanks to the arrival of Cash App's Lightning Network, consumers can soon send or receive Bitcoin for free. Americans can conduct BTC transactions internationally without paying additional charges.

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Frequently Asked Questions

Will the Lightning Network transform bitcoin?

The Lightning Network's solutions surrounding scalability and transaction times will make both bitcoin and blockchain technology more applicable at the enterprise level. Many high-profile companies, including Starbucks, are already keeping a close eye on the blockchain and its potential for consumer application.

How does Bitcoin Lightning Network work?

Lightning Network ultimately relies on the underlying blockchain, be it Bitcoin’s or otherwise, for its security. In the case of Bitcoin, it uses the underlying proof-of-work algorithm that secures the entire network to secure it as well. The blockchain is the ultimate arbiter, or in effect an automated judge.

Is the Bitcoin Lightning Network ready for mainstream use?

Hype surrounded the Lightning network as it presented itself as a solution to scale the technological issues Bitcoin faces. Even without having a solid foundation, the blockchain network is in a beta and development phase. Because of this, the Lightning network is technically not ready for mainstream use of yet.

When is Bitcoin Lightning Network coming?

One of Bitcoin's most promising new technologies is coming to one of its oldest exchanges. The Kraken exchange announced today it will add support for the Lightning Network in 2021, which adds it to a small (but growing) list of exchanges that support the scaling technology thus far.

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