GREY:VYGVQ - Post by User
Post by
Hallfieldon Apr 26, 2019 1:58pm
89 Views
Post# 29675849
lightning network
lightning network  Hi Brent,
News of crypto adoption is popping up everywhere. Key players in nearly every industry are dipping their toes into crypto payments– from rapper Lil Pump accepting BTC for his music to Amazon facilitating crypto purchases through the Moon browser extension.
What’s behind the sudden increase in adoption?
Enter the Lightning Network
The Lightning Network adds a layer to Bitcoin’s blockchain and enables users to create payment channels between any two parties on that extra layer. The payment channel can last for as long as the record is necessary, but different from Bitcoin’s core blockchain, it can be deleted when it’s no longer required. This enhanced process allows for near-instant transactions between two people with little to no fees. Early this year, an initiative to prove the Lightning Network’s usability went viral on social media when Twitter user Hodlonaut said he would pass on 100,000 satoshis to the first person he trusts, tweeting, “How many satoshis until it breaks?”
From there, people around the globe, including some of the biggest names in tech like Jack Dorsey, passed the “lightning torch” by sending small payments from one person of their choice to the next. People from nearly 40 countries accepted the torch, showcasing the technologies ability to cross borders and access areas cut off from the rest of the world by sanctions.  The Lightning Network offers a level of scalability that Bitcoin alone has long been criticized for lacking. For this reason, more and more businesses are starting to utilize the Lightning Network to make crypto payments and transactions faster and easier for companies to adopt.
It comes as no surprise that both Lil Pump and Amazon are utilizing the Lightning Network to make accepting crypto possible. With new technology like this, mass crypto adoption may be closer than we think. Download the Voyager iOS App All US residents can download the Voyager app today to track the crypto market and get breaking news! If you're in one of the approved states, create an official trading account to initiate your Bitcoin rewards. Yelp Adds Accepts Cryptocurrency Payment Filter Business search service Yelp now offers a filter that narrows down results to those that accept payment in cryptocurrency, Redditors noticed yesterday. Read More You Can Now Shop With Bitcoin on Amazon Using Lightning
Crypto payment processing startup Moon announced today that any lightning-enabled wallet can now also be used through Moon’s browser extension. Before this lightning feature, roughly 250 beta users already used Moon to spend crypto on e-commerce sites by connecting the browser extension to exchange accounts. Read More 2,000 More US Grocery Stores Enable Bitcoin Buying at Coinstar Machine
Supermarket kiosk chain Coinstar is expanding the footprint of its bitcoin-buying service to more than 2,000 locations in 19 different states Read More Samsung is working on its own blockchain and might launch its own cryptocurrency According to a new report, Samsung is working on its own blockchain. There aren’t many details, but an anonymous source “familiar with Samsung’s internal situation” told CoinDesk that the South Korean company is building its own private Ethereum-based blockchain. Once it completes this experimental project, it may even launch its own token, according to the source. Read More |