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Posts Tagged ‘Network’

Bitcoin Lightning Network Capacity Quadruples Since November

Lightning Network continues to grow at a phenomenal rate, with capacity now topping 460 BTC, and a reported 16,000+ channels. Lightning Network Sees Accelerating Growth It feels like Lightning Network (LN), bitcoin’s energetic, frugal young apprentice, is in the news every other week. Certainly, LN is regularly breaking fresh milestones, although to be fair, there are…

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Funds Network Calastone to Roll Out Blockchain Settlements in 2019

Calastone, the operator of a London-based transaction network for investment funds, is looking to move its entire settlements system to a blockchain by May 2019. According to a Financial Times report on Sunday, Calastone, which provides services to over 1,700 firms including JP Morgan Asset Management, estimates the plan could help the industry save up to £3.4 billion…

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Bitcoin Lightning Network Explodes To New Heights With $2M Capacity

A sudden influx of nodes on Bitcoin’s Lightning Network (LN) has seen capacity increase to new all-time highs as the scaling solution is now handling over $2 million in BTC. Lightning’s Transformative Month Data from monitoring resource 1ML.com reveals the past week have seen overall capacity shoot up almost 300 percent to 438 BTC. An…

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Spanish City of Bilbao Launches $171K Tender to Develop Public Blockchain Network

Bilbao, the largest city in northern Spain, has launched a €150,000 (around $171,000) tender to develop a blockchain for public services, Bilbao’s municipal authorities announced Monday, Nov. 12. Officials of the largest city in Basque country want to create a decentralized platform, designed to allow one to act with “power of attorney” online. The deadline…

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Lightning Network Passes 4000 Nodes, Reaches All-Time Capacity High

Bitcoin’s nascent mainnet implementation of the Lightning Network (LN) has reached a new milestone, passing 4,000 nodes for the first time. Lightning Handles $750K Data from monitoring resource 1ML confirms the latest growth of Bitcoin’s second layer designed for fast er and cheaper payments, Lightning Network, which at press time November 13 had a total…

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Privacy Crypto Zcash Goes Live With ‘Sapling’ Network Hard Fork

The privacy-focused cryptocurrency zcash has officially implemented its network hard fork, known as Sapling. Activated on schedule at block 419,200, Sapling has long been planned as an upgrade aimed at making the network faster, lighter and more secure. On Sunday, the Zerocoin Electric Coin Company’s Elise Hadmon wrote that “Sapling activation, occurring on the momentous occasion of…

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