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This E-Bike Accepts Payments With Bitcoin’s Lightning Network

Lightning Network has certainly inspired the home-brew hardware and software community to develop case-of-use scenarios for its micro-payments. On Yer Bike Following Poketoshi, a Coke vending machine, and a real Swiss cafe, a German hacker has now developed a lightning-powered e-bike. The bike is a pretty standard 28-inch gents model, with an electronic conversion kit retrofitted. The…

Blockstream’s Bitcoin Sidechain, ‘Liquid Network,’ Goes Live

Blockstream on Wednesday announced that Liquid Network — its first Bitcoin sidechain — is now online. This announcement comes after more than a year of beta testing the sidechain on the core Bitcoin network. Liquid Network Goes Live The San Francisco-based Blockstream announced the news via a blog post on the startup’s website. According to…

IBM Wins Patent for Blockchain-Based Network Security System

A new patent awarded to tech giant IBM highlights how blockchain tech might play a role in monitoring security breaches within computer networks. First filed in September 2017 and awarded Tuesday by the U.S. Patent and Trademark Office (USPTO), the patent outlines how a network of monitors connected to a blockchain platform can log events…

Buy Coke Instantly With Bitcoin: Vending Machine Uses Lightning Network

One major hurdle to Bitcoin’s mass adoption as a payment system is its usability — or lack thereof — for instant micropayments. A Spanish hardware hacker has addressed these concerns with a proof-of-concept vending machine accepting Bitcoin transactions through Lightning Network. The Holy Grail of Micropayments Vending machines are probably the ultimate test-case for micropayments. The…

Celsius Network to Manage Funds for United Nations Initiative

Decentralized lending and borrowing platform Celsius Network will manage the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations’ Sustainable Development Goals initiative, according to a press release published September 21. The Sustainable Development Goals is an international program focused on bringing a “better and more sustainable future for all.” It addresses…

Quick Brew? Bitfury’s Coffee Machine Accepts Bitcoin Via Lightning Network

Blockchain firm Bitfury has come up with a novel product aimed at making it easier to pay for products with bitcoin. A specialized engineering team within the company has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by processing transactions off…

Swiss Cafe Debuts ‘First Of Its Kind’ Bitcoin Lightning Network Orders

A cafe in Switzerland has become the first in the world to release a self-service shop which allows customers to order menu items using Bitcoin and the Lightning Network (LN). Coffee For (Lightning) Bitcoin energyKitchen, located in the country’s capital Bern, has begun offering coffee, drinks and food items via an online shop and QR…

Major Content Delivery Network Introduces Decentralized Content Gateway

Major U.S.-based content delivery network (CDN) CloudFlare has introduced a new decentralized content gateway via its InterPlanetary File System (IPFS), the firm announced in a blog post September 17. The announcement was made during Cloudflare Crypto Week, a week devoted to the adoption of new cryptography-powered technologies. Cloudflare’s IPFS Gateway is the first product to…

Startup Promising Instant Crypto Transactions to Develop Network for Chinese TV

Silicon Valley-based startup Splend, specialized in developing solutions to address blockchain scaling issues for instant crypto transactions, announced that it is partnering with Shanghai Code Center Industry, a China-based IT company, to develop the “next generation” network infrastructure for the China Cable Television Network. It is a subsidiary of China Central Television (CCTV), the largest…

CoinGate Lightning Network Support to Boost Bitcoin Adoption

Expect a major boost to bitcoin adoption as payment processing gateway CoinGate announces Lightning Network support across its entire merchant base. ‘Spending’ Time All 4000+ merchants who rely on CoinGate for bitcoin processing solutions will now accept payments made through the Lightning Network. This follows a trial of over 100 merchants which started back in July. During…