Beyond the Lightning Network: Exploring Bitcoin’s Second Layer
As the Bitcoin ecosystem embraces new developments, it finds itself at a fascinating crossroads, getting closer to Ethereum in terms of functionality and innovation.
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As the Bitcoin ecosystem embraces new developments, it finds itself at a fascinating crossroads, getting closer to Ethereum in terms of functionality and innovation.
In a groundbreaking announcement, Binance, the world’s largest crypto exchange, has successfully completed the integration of the Bitcoin Lightning Network.
Michael Saylor has teased new BTC Lightning Network powered by MicroStrategy next year.
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Bitcoin provides a “sound ethical, economic, and technical foundation for DeFi,” said Michael Saylor.
The latest software release, named lnd 0.15 beta (v0.15-beta), aims to empower developers to create solutions for more use cases by leveraging the Bitcoin network’s capabilities.
The layer-2 technology built on Bitcoin now has 4,000 Bitcoin or $120 million locked up allowing for near-instant payments around the world.
A data analyst on the Isle of Man demonstrated how contactless payments work on Bitcoin’s Lightning Network using an NFC enabled Bolt Card.
Payments on Bitcoin’s second-layer scaling solution, Lightning Network, grew by more than 400% as adoption actually grew.
Kraken was previously aiming to implement the BItcoin Lightning Network in 2021 after officially announcing the plan in late 2020.