Lightning Labs Enables AI Models to Use Bitcoin on Lightning Network

Bitcoin Lightning Network development firm Lightning Labs has unveiled a toolkit that allows artificial intelligence (AI) models, such as #OpenAI's #ChatGPT, to interact with the #Bitcoinnetwork . The tools enable AI applications to send, receive, and hold BTC on Lightning Network's layer-2 solution, making payments faster, cheaper, and more accessible for AI developers. Lightning Labs acknowledged the limitations of current AI models, which lack native web-based payment mechanisms, and the expenses incurred when relying on traditional payment methods. The Lightning Network currently has a capacity of 5,432 BTC ($163.5 million) spread across approximately 70,000 channels.

Source - https://www.coingabbar.com/en/crypto-shorts-news/lightning-labs-enables-ai-bitcoin-transactions

#Write2Earn Bitcoin hash rate reaches an all-time high of over 500 exahashes/sec, indicating enhanced network security and potential market upswing.Image Courtesy of PxhereThe #Bitcoinnetwork has recorded an all-time high hash rate exceeding 500 exahashes per second. This growth #signals a robust increase in the computational power securing the blockchain. Essentially, the hash rate measures the processing power committed to Bitcoin’s network, indicating the number of complex calculations the system can perform per second.Significance of the Hash Rate SurgeThis surge in hash rate carries profound implications for the network. Firstly, it enhances network security. A high hash rate means more computational resources are necessary to alter blockchain data, significantly reducing the odds of successful cyber attacks. Consequently, the #bitcoinecosystem becomes increasingly fortified against potential threats.  $BTC hash rate ( Exahashes/ second)Moreover, this rise in hash rate reflects the growing participation of miners, suggesting a buoyant and expanding network. Additionally, Bitcoin’s protocol autonomously adjusts the mining difficulty in response to hash rate changes, maintaining a consistent block discovery rate and the predictability of Bitcoin’s supply.Miners’ Commitment and #investor ConfidenceThe increasing hash rate also demonstrates miners’ continued commitment, investing heavily in advanced mining equipment and energy. For investors, a robust hash rate is a beacon of a strong and reliable network, often translating into heightened confidence in Bitcoin’s long-term viability.Elmandjra’s Perspective from $ARK InvestYassine Elmandjra from ARK Invest has provided insights into this development. He highlights the sheer scale of Bitcoin’s computational power, dwarfing traditional metrics and benchmarks. For instance, the network’s processing capability is equivalent to executing billions of computations for each star in our galaxy. It would take millennia for the entire human population, each performing one hash per second, to match this feat. Unlike the world’s most powerful supercomputers, Bitcoin’s network stands approximately 500 times more potent.Echoing Elmandjra’s sentiments, Anthony Pompliano of Pomp Investments underscores the importance of this milestone. He reiterates the significance of this record-setting hash rate for investors, reinforcing Bitcoin’s stature as the world’s most powerful computing network.Consequently, this milestone in Bitcoin’s hash rate might suggest an impending rally in the crypto market. In addition, historically, a strong hash rate has often correlated with increased investor confidence and market growth. As the network grows stronger and more secure, it potentially sets the stage for a positive shift in Bitcoin’s market dynamics.BTC/USD Price TrendDespite the bullish implications of a high hash rate, the $BTC /USD market shows a mixed response, as evidenced by the recent price movements. Concurrently, despite a bull-bear fight for dominance in the Bitcoin market in the last 24 hours, support at the intra-day low of $41,446 held strong. BTC/USD 24-hour price chart (source: CoinMarketCap)As a result, bulls nullified the bearish trend, soaring BTC price to a 24-hour high of $41,877 before facing resistance. However, BTC was trading at $41,660.48 at press time, a 0.23% surge from the day’s low.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Here is a brief history of Bitcoin:

2008: The Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published by Satoshi Nakamoto. It outlined the concept of a decentralized digital currency and the underlying technology called blockchain.

2009: The #Bitcoinnetwork was launched, and the first block, known as the Genesis Block, was mined by Nakamoto. This marked the beginning of the Bitcoin blockchain.

2010: Bitcoin gained some attention, and the first real-world transaction involving #bitcoin occurred when Laszlo Hanyecz famously purchased two pizzas for 10,000 BTC. This event is now celebrated as "Bitcoin Pizza Day" on May 22nd.

2011-2012: Bitcoin saw increased adoption and media coverage during this period. The price of Bitcoin experienced its first major rally and subsequent crash. Mt. Gox, one of the first Bitcoin exchanges, was established in 2010 but faced security breaches and ultimately shut down in 2014.

2013: Bitcoin's price skyrocketed, reaching over $1,000 for the first time. However, it experienced a significant correction and entered a bear market phase.

2014-2015: Bitcoin's price stabilized, and various regulatory developments took place around the world to address the growing interest in #cryptocurrency .

2017: Bitcoin witnessed an unprecedented bull run, with its price surging to nearly $20,000 in December. This attracted significant mainstream attention and led to a surge in interest in cryptocurrencies.

2018: The price of Bitcoin experienced a sharp decline, and the overall cryptocurrency market entered a bear market phase, with prices falling significantly.

2019-2020: Bitcoin's price gradually recovered, and it gained attention as a potential hedge against traditional financial markets and inflation.

2020-2021: Bitcoin experienced another major bull run, with its price reaching an all-time high of over $64,000 in April 2021. Institutional adoption and interest from large companies played a significant role in this rally.

It's important to note that the cryptocurrency market is highly volatile, and the price of #Bitcoin and other cryptocurrencies can fluctuate widely in relatively short periods. It's always advisable to do thorough research and exercise caution when investing in or trading cryptocurrencies.