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⚡ Bitcoin Lightning Network: 🌐 Nodes drop to 14,609 (-1.93%), channels down 2.2% to 62,682. 💰 Network capacity: ~5,280.80 BTC ($195M). 💹 BTC price at $37,095.19, down 0.11%. #LightningNetwork #BitcoinWorld
⚡ Bitcoin Lightning Network:
🌐 Nodes drop to 14,609 (-1.93%), channels down 2.2% to 62,682.
💰 Network capacity: ~5,280.80 BTC ($195M).
💹 BTC price at $37,095.19, down 0.11%. #LightningNetwork #BitcoinWorld
**Lightspark Unveils UMA Standard** 💡: Bitcoin and Lightning infrastructure startup, Lightspark, introduces the UMA (Universal Money Address) standard, merging human-readable Lightning Network addresses with real-time global payment capabilities, facilitating effortless cross-currency global payments. 🌐💱 #Lightspark #UMAStandard #LightningNetwork 🚀💸
**Lightspark Unveils UMA Standard** 💡: Bitcoin and Lightning infrastructure startup, Lightspark, introduces the UMA (Universal Money Address) standard, merging human-readable Lightning Network addresses with real-time global payment capabilities, facilitating effortless cross-currency global payments. 🌐💱 #Lightspark #UMAStandard #LightningNetwork 🚀💸
🚀 Podcast Insight: The Future of Bitcoin and Lightning Network ⚡ As we celebrate the 200th episode of Blockchain Insider, let's dive into the evolving landscape of Bitcoin and the groundbreaking developments in the Lightning Network. 🎙️ Exploring Bitcoin's Future Path In our latest episode, hosts Mauricio Magaldi and Catherine Gu delve into the core developments shaping the future of Bitcoin. We're exploring the creative endeavors in the space and how they contribute to enhancing Bitcoin's utility, reinforcing its stance as a pivotal asset in the crypto world. 🔍 Bitcoin's Scalability Challenge and Lightning Network's Solution While Bitcoin stands as a premier secure blockchain asset, its scalability, transaction cost, and speed have been persistent challenges. The Lightning Network, a layer-2 solution built on top of Bitcoin, addresses these issues by facilitating swift and cost-effective BTC transactions off the main blockchain. 🌐 Lightning Network: Mainstreaming BTC Transactions Our discussion highlights the most compelling use cases of the Lightning Network, many of which aim to mainstream Bitcoin as a transactional asset. 🚀 The Impact on Cryptocurrency and Digital Interaction The advancements in Bitcoin's infrastructure, particularly through the Lightning Network, are set to revolutionize our interaction with cryptocurrencies. This shift promises a more integrated, efficient, and user-friendly crypto ecosystem. 📣 Embracing the Future of Bitcoin 💡 As the crypto landscape continues to evolve, understanding these developments is crucial for anyone involved in the space. The future of Bitcoin and the role of innovations like the Lightning Network are key topics for anyone looking to stay ahead in the dynamic world of digital assets. 📣 Stay tuned with @TheBlockopedia for more insights into the future of cryptocurrency and the transformative technologies shaping it. #Bitcoin #LightningNetwork #crypto #cryptocurrency #crypto2023
🚀 Podcast Insight: The Future of Bitcoin and Lightning Network ⚡

As we celebrate the 200th episode of Blockchain Insider, let's dive into the evolving landscape of Bitcoin and the groundbreaking developments in the Lightning Network.

🎙️ Exploring Bitcoin's Future Path

In our latest episode, hosts Mauricio Magaldi and Catherine Gu delve into the core developments shaping the future of Bitcoin. We're exploring the creative endeavors in the space and how they contribute to enhancing Bitcoin's utility, reinforcing its stance as a pivotal asset in the crypto world.

🔍 Bitcoin's Scalability Challenge and Lightning Network's Solution

While Bitcoin stands as a premier secure blockchain asset, its scalability, transaction cost, and speed have been persistent challenges. The Lightning Network, a layer-2 solution built on top of Bitcoin, addresses these issues by facilitating swift and cost-effective BTC transactions off the main blockchain.

🌐 Lightning Network: Mainstreaming BTC Transactions

Our discussion highlights the most compelling use cases of the Lightning Network, many of which aim to mainstream Bitcoin as a transactional asset.

🚀 The Impact on Cryptocurrency and Digital Interaction

The advancements in Bitcoin's infrastructure, particularly through the Lightning Network, are set to revolutionize our interaction with cryptocurrencies. This shift promises a more integrated, efficient, and user-friendly crypto ecosystem.

📣 Embracing the Future of Bitcoin 💡

As the crypto landscape continues to evolve, understanding these developments is crucial for anyone involved in the space. The future of Bitcoin and the role of innovations like the Lightning Network are key topics for anyone looking to stay ahead in the dynamic world of digital assets.

📣 Stay tuned with @TheBlockopedia for more insights into the future of cryptocurrency and the transformative technologies shaping it.

#Bitcoin #LightningNetwork #crypto #cryptocurrency #crypto2023
#Binance #LightningNetwork The Lightning Network is a Layer 2 protocol built on top of a blockchain, such as Bitcoin or Litecoin, that enables faster and cheaper transactions than those processed on the underlying blockchain.
#Binance #LightningNetwork
The Lightning Network is a Layer 2 protocol built on top of a blockchain, such as Bitcoin or Litecoin, that enables faster and cheaper transactions than those processed on the underlying blockchain.
Botev_EN, Bulgaria's oldest football club, teams up with @JAN3com to propel #Bitcoin adoption! Fans can now enjoy a streamlined #BTC experience with @AquaBitcoin's "Botev Mode" #LightningNetwork #LiquidNetwork
Botev_EN, Bulgaria's oldest football club, teams up with
@JAN3com to propel #Bitcoin adoption! Fans can now enjoy a streamlined #BTC experience with @AquaBitcoin's "Botev Mode"

#LightningNetwork #LiquidNetwork
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
Google cloud launched a web3 developer portal with blockchain resources and #NFT tutorials, but some in the crypto world aren't impressed. They're critical of the platform for not directly supporting #Bitcoin and the #LightningNetwork , calling it an oversight and suggesting #Google is behind the curve.
Google cloud launched a web3 developer portal with blockchain resources and #NFT tutorials, but some in the crypto world aren't impressed. They're critical of the platform for not directly supporting #Bitcoin and the #LightningNetwork , calling it an oversight and suggesting #Google is behind the curve.
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Bitfinex introduces Lightning Network support in partnership with Synonym Renowned crypto exchange Bitfinex has announced a partnership with Synonym to introduce a new feature that allows customers to use the Lightning Network (LN) for instant deposits, withdrawals and payments. The Lightning Channel feature is offered through the Blocktank platform operated by Synonym, a subsidiary of Tether Holdings Limited. Thanks to this, Bitfinex clients using Lightning nodes will be able to connect to the Blocktank node directly on the crypto exchange. Previously, customers had to go through a complex process that involved withdrawing their Bitfinex balance to their node, navigating complex metrics, selecting a node, and manually opening a channel. An alternative option is to find external Lightning service providers or listings on liquidity marketplaces and purchase channels from them using your own wallet. The crypto exchange's new initiative has addressed these issues and given users access to significant bandwidth. #Bitfinex #LightningNetwork #Lightning
Bitfinex introduces Lightning Network support in partnership with Synonym

Renowned crypto exchange Bitfinex has announced a partnership with Synonym to introduce a new feature that allows customers to use the Lightning Network (LN) for instant deposits, withdrawals and payments.

The Lightning Channel feature is offered through the Blocktank platform operated by Synonym, a subsidiary of Tether Holdings Limited.

Thanks to this, Bitfinex clients using Lightning nodes will be able to connect to the Blocktank node directly on the crypto exchange.

Previously, customers had to go through a complex process that involved withdrawing their Bitfinex balance to their node, navigating complex metrics, selecting a node, and manually opening a channel. An alternative option is to find external Lightning service providers or listings on liquidity marketplaces and purchase channels from them using your own wallet.

The crypto exchange's new initiative has addressed these issues and given users access to significant bandwidth.
#Bitfinex #LightningNetwork #Lightning
Ceylon Bitcoin Meetup - Ella Chapter ‘231/ 🎉 Exciting news from the #BitcoinDeepa team! We just had our 6th #Bitcoin  meetup in the beautiful tourist destination of Ella, Sri Lanka. Many merchants joined us to learn about Bitcoin acceptance, focusing on the Lightning Network and using the Breez wallet. ⚡️🌴 2/ 🌏 We were thrilled to have attendees from various cities, including our friend Henrik, who joined us at the Ceylon Bitcoin Meetup. Together, we're working on translating "The Bitcoin Standard" book into Sinhalese to broaden its reach in our community. 📚🇱🇰 3/ 💡 Our meetups also aim to educate locals about the author community at @CeylonCash, who are actively translating content and getting rewarded with 1000 Sats per post. Talk about a thriving Bitcoin Economy! 💰🌐 4/ 🎯 The Ella meetup exceeded our expectations, and we're already planning more events in other tourist hotspots around Sri Lanka. Our goal is to make Bitcoin adoption seamless and accessible to everyone. 🚀📍 5/ 📢 We'd love to hear your suggestions for our next meetup city! Let's continue to grow the Bitcoin community in Sri Lanka and beyond. Together, we can create a more decentralized, accessible, and inclusive financial future. 🗺️🔗 6/ 🙏 A special thank you to @bluewalletio for enabling LKR (Sri Lankan Rupee) support and adding the Sinhala language to their wallet. Your efforts have made Bitcoin more accessible and user-friendly for the Sri Lankan community. 🇱🇰💙 7/ 📲 With LKR support and Sinhala language integration in Blue Wallet, we're one step closer to bridging the gap between the global #Bitcoin  community and the people of Sri Lanka. It's exciting to see these efforts come to fruition and contribute to the growth of Bitcoin adoption in our country. 🌉🚀 8/ 🎉 A big thank you to everyone involved in these initiatives, from developers to translators and supporters. Your hard work and dedication have made this progress possible. Let's continue to break down barriers and make Bitcoin accessible to everyone, everywhere. 🌏💪 #BitcoinAdoption #SriLanka #LightningNetwork #BreezWallet #CeylonCash

Ceylon Bitcoin Meetup - Ella Chapter ‘23

1/ 🎉 Exciting news from the #BitcoinDeepa team! We just had our 6th #Bitcoin  meetup in the beautiful tourist destination of Ella, Sri Lanka. Many merchants joined us to learn about Bitcoin acceptance, focusing on the Lightning Network and using the Breez wallet. ⚡️🌴

2/ 🌏 We were thrilled to have attendees from various cities, including our friend Henrik, who joined us at the Ceylon Bitcoin Meetup. Together, we're working on translating "The Bitcoin Standard" book into Sinhalese to broaden its reach in our community. 📚🇱🇰

3/ 💡 Our meetups also aim to educate locals about the author community at @CeylonCash, who are actively translating content and getting rewarded with 1000 Sats per post. Talk about a thriving Bitcoin Economy! 💰🌐

4/ 🎯 The Ella meetup exceeded our expectations, and we're already planning more events in other tourist hotspots around Sri Lanka. Our goal is to make Bitcoin adoption seamless and accessible to everyone. 🚀📍

5/ 📢 We'd love to hear your suggestions for our next meetup city! Let's continue to grow the Bitcoin community in Sri Lanka and beyond. Together, we can create a more decentralized, accessible, and inclusive financial future. 🗺️🔗

6/ 🙏 A special thank you to @bluewalletio for enabling LKR (Sri Lankan Rupee) support and adding the Sinhala language to their wallet. Your efforts have made Bitcoin more accessible and user-friendly for the Sri Lankan community. 🇱🇰💙

7/ 📲 With LKR support and Sinhala language integration in Blue Wallet, we're one step closer to bridging the gap between the global #Bitcoin  community and the people of Sri Lanka. It's exciting to see these efforts come to fruition and contribute to the growth of Bitcoin adoption in our country. 🌉🚀

8/ 🎉 A big thank you to everyone involved in these initiatives, from developers to translators and supporters. Your hard work and dedication have made this progress possible. Let's continue to break down barriers and make Bitcoin accessible to everyone, everywhere. 🌏💪

#BitcoinAdoption #SriLanka #LightningNetwork #BreezWallet #CeylonCash

#ElSalvador is set to launch #bitcoin #LightningNetwork development courses for university students. The program aims to train students in the development of Bitcoin and other cryptocurrency-related technologies. The country adopted Bitcoin as a legal tender in September 2021.
#ElSalvador is set to launch #bitcoin #LightningNetwork development courses for university students. The program aims to train students in the development of Bitcoin and other cryptocurrency-related technologies. The country adopted Bitcoin as a legal tender in September 2021.
Top 3 Layer-2 Solutions Scaling Bitcoin to the Next LevelBitcoin, despite its revolutionary role in decentralized finance, has faced significant limitations in transaction speed and scalability. With a processing capacity of just 7-10 transactions per second, it’s not fast enough for global, everyday use. To address these challenges, Layer-2 (L2) solutions have emerged, allowing faster, cheaper transactions while still using Bitcoin’s main chain for security. Let’s explore the top 3 Layer-2 solutions that are scaling Bitcoin to new heights. 1. Lightning Network The Lightning Network is one of the most well-known Layer-2 solutions for Bitcoin. It enables near-instant transactions by creating off-chain payment channels between users. This allows multiple transactions to occur without waiting for them to be confirmed on the blockchain, which significantly reduces transaction time and costs. How it works: • Payment Channels: Users open a channel where they can make multiple payments off-chain. Once the channel is closed, the final balance is settled on the Bitcoin main chain. • Low Fees: Because most transactions happen off-chain, fees are significantly lower, making it ideal for microtransactions like buying coffee. The Lightning Network is already gaining traction with over $330 million in total value locked (TVL), demonstrating widespread adoption for small and frequent transactions. 2. Rootstock (RSK) Rootstock (RSK) operates as a sidechain to Bitcoin, leveraging the security of Bitcoin’s blockchain while adding new features like smart contracts and Decentralized Finance (DeFi) capabilities. It uses a technique called merged mining, allowing Bitcoin miners to secure both networks simultaneously, ensuring high security without additional cost. Key Features: • Smart Contracts: RSK enables Ethereum-compatible smart contracts using the RSK Virtual Machine (RVM), making it easier for developers to create decentralized apps (dApps) on Bitcoin. • DeFi Integration: With protocols like Money On Chain and Sovryn, RSK brings DeFi to Bitcoin, allowing users to participate in lending, borrowing, and other financial services. Rootstock’s $185 million TVL highlights its growing ecosystem, especially for Bitcoin-based DeFi applications. 3. Stacks (STX) Stacks takes a different approach by building on top of Bitcoin but maintaining its own blockchain. It integrates with Bitcoin’s security layer through a unique Proof-of-Transfer (PoX) mechanism, which incentivizes Bitcoin miners with its native token, STX. Unique Features: • DeFi and NFTs: Stacks supports a variety of decentralized applications, including DeFi protocols and NFTs, expanding Bitcoin’s utility beyond just a store of value. • Bitcoin Security: Stacks leverages Bitcoin’s blockchain for security, making it one of the safest platforms for developing dApps. With $125 million TVL, Stacks continues to grow, especially in the areas of smart contracts and decentralized applications built on Bitcoin. Layer-2 solutions like the Lightning Network, Rootstock, and Stacks are not only improving Bitcoin’s scalability but are also unlocking new use cases like DeFi, smart contracts, and microtransactions. These projects are crucial for Bitcoin’s evolution from a digital store of value to a more dynamic, multi-purpose financial system. What are your thoughts on these Layer-2 solutions? Do you think they can bring Bitcoin to the next level? Share your thoughts in the comments and make sure to follow for more updates on crypto! #LightningNetwork #Bitcoin #Rootstock #Stacks #Crypto

Top 3 Layer-2 Solutions Scaling Bitcoin to the Next Level

Bitcoin, despite its revolutionary role in decentralized finance, has faced significant limitations in transaction speed and scalability. With a processing capacity of just 7-10 transactions per second, it’s not fast enough for global, everyday use. To address these challenges, Layer-2 (L2) solutions have emerged, allowing faster, cheaper transactions while still using Bitcoin’s main chain for security. Let’s explore the top 3 Layer-2 solutions that are scaling Bitcoin to new heights.
1. Lightning Network
The Lightning Network is one of the most well-known Layer-2 solutions for Bitcoin. It enables near-instant transactions by creating off-chain payment channels between users. This allows multiple transactions to occur without waiting for them to be confirmed on the blockchain, which significantly reduces transaction time and costs.
How it works:
• Payment Channels: Users open a channel where they can make multiple payments off-chain. Once the channel is closed, the final balance is settled on the Bitcoin main chain.
• Low Fees: Because most transactions happen off-chain, fees are significantly lower, making it ideal for microtransactions like buying coffee.
The Lightning Network is already gaining traction with over $330 million in total value locked (TVL), demonstrating widespread adoption for small and frequent transactions.
2. Rootstock (RSK)
Rootstock (RSK) operates as a sidechain to Bitcoin, leveraging the security of Bitcoin’s blockchain while adding new features like smart contracts and Decentralized Finance (DeFi) capabilities. It uses a technique called merged mining, allowing Bitcoin miners to secure both networks simultaneously, ensuring high security without additional cost.
Key Features:
• Smart Contracts: RSK enables Ethereum-compatible smart contracts using the RSK Virtual Machine (RVM), making it easier for developers to create decentralized apps (dApps) on Bitcoin.
• DeFi Integration: With protocols like Money On Chain and Sovryn, RSK brings DeFi to Bitcoin, allowing users to participate in lending, borrowing, and other financial services.
Rootstock’s $185 million TVL highlights its growing ecosystem, especially for Bitcoin-based DeFi applications.
3. Stacks (STX)
Stacks takes a different approach by building on top of Bitcoin but maintaining its own blockchain. It integrates with Bitcoin’s security layer through a unique Proof-of-Transfer (PoX) mechanism, which incentivizes Bitcoin miners with its native token, STX.
Unique Features:
• DeFi and NFTs: Stacks supports a variety of decentralized applications, including DeFi protocols and NFTs, expanding Bitcoin’s utility beyond just a store of value.
• Bitcoin Security: Stacks leverages Bitcoin’s blockchain for security, making it one of the safest platforms for developing dApps.
With $125 million TVL, Stacks continues to grow, especially in the areas of smart contracts and decentralized applications built on Bitcoin.
Layer-2 solutions like the Lightning Network, Rootstock, and Stacks are not only improving Bitcoin’s scalability but are also unlocking new use cases like DeFi, smart contracts, and microtransactions. These projects are crucial for Bitcoin’s evolution from a digital store of value to a more dynamic, multi-purpose financial system.
What are your thoughts on these Layer-2 solutions? Do you think they can bring Bitcoin to the next level? Share your thoughts in the comments and make sure to follow for more updates on crypto!
#LightningNetwork #Bitcoin #Rootstock #Stacks #Crypto
Big news! 🚨 Xapo Bank is now the first fully-licensed bank to adopt the Lightning Network for Bitcoin deposits. ⚡️ #Bitcoin #LightningNetwork
Big news! 🚨 Xapo Bank is now the first fully-licensed bank to adopt the Lightning Network for Bitcoin deposits. ⚡️ #Bitcoin #LightningNetwork
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#CryptoGyan $BTC measurement units are essential to increasing mainstream adoption of the crypto industry. For different tiers of transactions, different levels of currency measurement are also necessary. #Cryptocurrencies can become a handy payment method for daily expenses if measurement units are categorized accordingly.  #Bitcoin is already divided into four measurement units : - 1 BTC = 1,000 miliBitcoin (mBTC): It represents an amount of 0.001 BTC (one-thousandth of a Bitcoin) or 100,000 satoshis (100,000 #SATS ).  1 BTC = 1,000,000 microBitcoin (μBTC): It is pronounced as “you-bit” and is equal to 0.000001 BTC (one-millionth of a Bitcoin) or 100 satoshis (100 sats).  1 BTC = 100 million sats: It represents 100 millionths of 1 BTC. 1 sat is equal to 0.000000001 BTC 1 BTC = 100 billion millisatoshis: This is Bitcoin’s smallest unit. The millisatoshi unit is only used on the #LightningNetwork . 1 msat amounts to 0.00000000001 (100 billionth of a Bitcoin) or 0.001 satoshis (one-thousandth of a sat).
#CryptoGyan
$BTC measurement units are essential to increasing mainstream adoption of the crypto industry.

For different tiers of transactions, different levels of currency measurement are also necessary. #Cryptocurrencies can become a handy payment method for daily expenses if measurement units are categorized accordingly. 

#Bitcoin is already divided into four measurement units : -

1 BTC = 1,000 miliBitcoin (mBTC):
It represents an amount of 0.001 BTC (one-thousandth of a Bitcoin) or 100,000 satoshis (100,000 #SATS ). 

1 BTC = 1,000,000 microBitcoin (μBTC):
It is pronounced as “you-bit” and is equal to 0.000001 BTC (one-millionth of a Bitcoin) or 100 satoshis (100 sats). 

1 BTC = 100 million sats:
It represents 100 millionths of 1 BTC. 1 sat is equal to 0.000000001 BTC

1 BTC = 100 billion millisatoshis:
This is Bitcoin’s smallest unit. The millisatoshi unit is only used on the #LightningNetwork . 1 msat amounts to 0.00000000001 (100 billionth of a Bitcoin) or 0.001 satoshis (one-thousandth of a sat).
**Zeus Bitcoin Wallet Releases Beta Version 0.8.0** ⚡📱: Zeus, a non-custodial Bitcoin wallet with Lightning Network support, has announced the release of beta version 0.8.0. The updated version is accessible on both Android and iOS and introduces new features such as embedded nodes, LSP (Lightning Service Provider) connection, and self-custodial Lightning addresses. 📦🔌 #ZeusWallet #LightningNetwork #BetaRelease #BitcoinWallet 🚀📊
**Zeus Bitcoin Wallet Releases Beta Version 0.8.0** ⚡📱: Zeus, a non-custodial Bitcoin wallet with Lightning Network support, has announced the release of beta version 0.8.0. The updated version is accessible on both Android and iOS and introduces new features such as embedded nodes, LSP (Lightning Service Provider) connection, and self-custodial Lightning addresses. 📦🔌 #ZeusWallet #LightningNetwork #BetaRelease #BitcoinWallet 🚀📊
Just in: 🚀 Former PayPal President, David Marcus, is spearheading an initiative to integrate the Bitcoin Lightning Network into the largest exchange in the United States. This collaboration has the potential to boost scalability and transaction speed on the Bitcoin network, which could benefit users and overall crypto adoption. The synergy between traditional finance and crypto continues to grow! 💡🌟 #Bitcoin #LightningNetwork $BTC
Just in:
🚀 Former PayPal President, David Marcus, is spearheading an initiative to integrate the Bitcoin Lightning Network into the largest exchange in the United States.

This collaboration has the potential to boost scalability and transaction speed on the Bitcoin network, which could benefit users and overall crypto adoption. The synergy between traditional finance and crypto continues to grow! 💡🌟 #Bitcoin #LightningNetwork $BTC
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