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Payment channels

Understanding the Lightning Network, Part 1: Building a Bidirectional Bitcoin Payment Channel

The Lightning Network is probably the most highly anticipated technological innovation to be deployed on top of Bitcoin. The payment layer, first proposed by Joseph Poon and Tadge Dryja about a year ago, promises to support a virtually unlimited number of off-chain transactions among users, at nearly no cost – while leveraging the security offered by Bitcoin.

Bitcoin Core 0.12.1 Released, Major Step Forward for Scalability

Bitcoin Core 0.12.1 was released early this morning and the update includes several changes that have huge implications for Bitcoin scalability. The release deploys the first...

Lightning Network Implementation ‘Amiko Pay’ Currently in Development

TheLightning Network is a design improvement for Bitcoin that could allow users to makemicropayments in a decentralized manner and help the entire network scale...

CheckLockTimeVerify, or How a Time-Lock Patch Will Boost Bitcoin’s Potential

CheckLockTimeVerify (CLTV) has been merged into Bitcoin Core. This is generally considered great news, because it means that Bitcoin's potential has improved drastically....

Bitcoin as a Solution to E-Commerce Pain

Written By: Ashok Misra of Alina ConsultantsIntroductionBitcoin as a Solution to E-Commerce PainBitcoin is a decentralized virtual currency whose valuation and use has grown...

Bitcoin, Going Native

We all know that bitcoin is decentralized electronic money that runs on a network that can do all kinds of interesting things. The key...

Bitcoin’s YouTube Missionaries

Beacons of light welcoming the huddled masses of tired and poor yearning for financial freedom.My road to discovering the new world of economic redemption...
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