Lightning Network

Airbnb Now Bookable With Bitcoin and Lightning Network via Fold App

Bitcoin payments app Fold now supports home-sharing giant Airbnb, the firm announced on Nov. 11. Now Fold users can get 3% back in Bitcoin (BTC) on every stay and experience booked on Airbnb. $25 and $100 Airbnb gift cards for Bitcoin Airbnb is now listed on its rewards program called Fold Kickbacks. The program supports …

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How Bitcoin’s Lightning Can Be Used for Private Messaging

Bitcoin’s lightning network might have a use case beyond faster and more scalable payments. Last week Lightning Labs developer Joost Jager revealed an experimental, new proof of concept: Whatsat, a version of lightning that can be used to send private messages. Like bitcoin, it’s censorship-resistant. But, unlike encrypted apps that morph messages into unreadable, garbled …

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Lightning Network User Confused By Protocol: Lost 30,000 USD

<header class=”article__header”> </header> <strong>The Lightning Network has long been touted by its proponents as a speedy, low-cost solution to Bitcoin’s scaling issues. A series of security scares and UX issues have called that vision into question however. The latest LN slip-up saw a user lose 4 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> in one fell …

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As Lightning’s Economy Takes Shape, Devs Are Split on Proposed Fee Hike

Fees aren’t just a topic of discussion for Bitcoin Core users anymore. As the tech matures and an economy develops, fee discussions are making their way into the lightning network too. This past weekend, bitcoiners and lightning fanatics gathered in an industrial Berlin sector for the first-ever Lightning Conference. With topics ranging from onboarding and …

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Fortnite Meets Bitcoin Lightning Network in New ‘Lightnite’ Video Game

Bitcoin-enabled (BTC) games startup Satoshis Games announced the development of a Fortnite-like game with built-in Lightning Network microtransactions dubbed Lightnite on Oct. 19. Shoot to earn Bitcoin Per the announcement, all in-game interactions between players trigger a monetary reward or penalty for the user. Satoshis Games provides some examples: “In simple words, players earn Bitcoin …

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State-Owned French Bank Joins Bitcoin Startup’s $8 Million Series A

“We’re convinced that bitcoin is becoming more and more obvious.” That’s not typically what one might expect to hear from a veteran banker at a public institution. But Veronique Jacq of the partially state-owned French investment bank Bpifrance told CoinDesk bitcoin is becoming a staple of the global economy. That’s why Bpifrance just made its …

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Udi Wertheimer Offers to Promote Binance in Exchange for SegWit Support

One of the Bitcoin (BTC) space’s best-known and most outspoken developers has pledged to advertise Binance for the rest of the year if the exchange implements specific features. Wertheimer tackles Binance lack of SegWit, Lightning In a Twitter debate beginning on Oct. 2, Udi Wertheimer has made an unusual decision to influence development of Binance, …

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Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins

</header> <strong>A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts on an already heavily scrutinized protocol, and …

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Bitcoin’s LN Developer Discloses the Network’s Vulnerability

Bitcoin’s (BTC) Lightning Network (LN) developer Rusty Russel has published the full disclosure of the network’s vulnerability discovered in August, accompanied by a solution. Russel pointed out that the vulnerability appeared while opening funding channels. The described process does not require that receivers check if a transaction is the one promised by the funder in …

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A Dangerous Bug in Bitcoin’s Lightning Network Has Been Fixed

A popular payments network running atop the bitcoin blockchain suffered from a long-standing code vulnerability – one where attackers could drain users’ of their money. While initially flagged to the public on Aug. 30 by bitcoin developer Rusty Russell, the full disclosure detailing how this vulnerability could be exploited by an attacker was released Friday. …

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