Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Cryptoniteuae
--・642 views
Amboss CEO Touts Lightning Network: Faster #Bitcoin Payments on the Horizon Amboss CEO Jesse Shrader sees the #LightningNetwork as the key to unlocking Bitcoin's true potential for everyday transactions. Despite slow adoption, Shrader highlights the benefits: Micropayments & Speed: Lightning Network enables instant, low-cost transactions, removing the need for high on-chain fees. Global Payments: #Shrader envisions a future where Lightning Network empowers faster and cheaper international payments, especially in regions with limited access to traditional banking. Earning with Liquidity: Amboss' Magma product allows users to earn a return by providing liquidity for the Lightning Network, essentially "pre-purchasing" liquidity for faster payments. #BTC #lightening

Amboss CEO Touts Lightning Network: Faster #Bitcoin Payments on the Horizon

Amboss CEO Jesse Shrader sees the #LightningNetwork as the key to unlocking Bitcoin's true potential for everyday transactions. Despite slow adoption, Shrader highlights the benefits:

Micropayments & Speed: Lightning Network enables instant, low-cost transactions, removing the need for high on-chain fees.

Global Payments: #Shrader envisions a future where Lightning Network empowers faster and cheaper international payments, especially in regions with limited access to traditional banking.

Earning with Liquidity: Amboss' Magma product allows users to earn a return by providing liquidity for the Lightning Network, essentially "pre-purchasing" liquidity for faster payments.

#BTC #lightening

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
Cryptoniteuae
@Cryptoniteuae

Explore More From Creator

#UK cracks down on crypto crime with new powers for law enforcement. Police can now seize, freeze, and even destroy crypto assets linked to crimes. This aims to stop criminals from profiting #illegally and #terrorists from funding activities. The UK is especially concerned about privacy coins that offer high anonymity. These #regulations aim to curb illegal crypto use while supporting its legitimate economic potential. This follows a global trend with the recent arrest of the founders of a #Bitcoin mixer service in the US.
--
#VitalikButerin Examines Binius: A Faster Approach to Zero-Knowledge Proofs #Ethereum co-founder #Vitalik Buterin explores "Binius," a new method aiming to significantly speed up zero-knowledge proofs. Binius focuses on efficiency by performing computations directly on binary bits (0s and 1s) instead of larger numbers used in traditional systems like zk-SNARKs. This approach caters to frequently used data types like counters and boolean flags, potentially leading to faster proofs. Binius leverages "binary finite fields" for efficient arithmetic operations on bits and utilizes a multidimensional "hypercube" data representation. Additionally, it employs a unique encoding/decoding process to maintain efficiency while enabling processing via polynomials and #Merkle proofs. These advancements in core cryptographic proof system arithmetic promise enhanced scalability and efficiency for complex crypto applications. #zero-knowledge proofs often use polynomials to conceal data and calculations during verification, ensuring only proof validity is confirmed, not the underlying information. While the technical details of Binius encryption and proof generation are beyond this scope, Buterin highlights its potential for significant speed improvements, especially for calculations involving small values and bit-level operations. This technology is based on a 2023 whitepaper by Posen and Diamond. Overall, Binius seeks to substantially outperform existing proof systems in terms of speed, paving the way for faster zero-knowledge proofs in the future. Buterin anticipates further advancements in "binary-field-based proving techniques" in the coming months.
--
#Web3 startup Matera gets $3.6 million to merge #DEFİ with social media. They aim to empower creators by offering DeFi tools within existing social media platforms, leveraging established user bases. Matera Credit Score will reward creators based on engagement, granting access to rewards within the #Matera ecosystem. Their goal is to onboard 100 million creators by 2030 and become a major player in the creator economy.#cryptoniteuae
--
Internet Computer ($ICP ) aims for global adoption with "ICP HUBS" strategy. 13 "ICP HOUSES" events planned globally to create immersive experiences for #crypto enthusiasts, developers and investors. These events will focus on education, collaboration and innovation within the ICP #ecosystem . #ICP HUBS NETWORK, a network of decentralized hubs in 40 countries, is another pillar of the adoption strategy. This network empowers local communities and fosters innovation from the ground up.
--
Binance's ex-CEO, CZ, got a lighter 4-month prison sentence for failing to prevent money laundering on the exchange. Prosecutors wanted 3 years. Judge considered CZ's charity work and positive character references. This case sets a precedent: crypto CEOs face jail time for lax anti-money laundering measures. #CZ plans to resume his philanthropy after serving his sentence. stay strong CZ we are with you. #Binance #chang_peng_zhao #BNB⁩
--

Latest News

Bitcoin Fear And Greed Index Indicates Neutral Investor Sentiment
--
Curve Finance Awards $250,000 Bounty For Uncovering Potential Re-Entry Vulnerability
--
Binance Market Update (2024-05-01)
--
Whale Sells 500 WBTC, Still Holds 653 WBTC
--
EigenLayer Faces Extensive Withdrawals: Total Value Locked May Plummet
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie