Activity on Bitcoin’s Lightning Network May Be Misleading

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

A recent report from BitMex revealed several critical points about activity within Bitcoin’s Lightning Network. At first glance, readers glean that this activity is much higher than expected. Upon further investigation, however, the story is far more nuanced.

Trials with Bitcoin

The data shows that non-cooperative channel closures within Bitcoin’s Lightning Network made up much of the activity on the network. BitMex reported an estimated total of 60,000 non-cooperative channel closures…



Source link

Related Posts

  • 56
    OK, so what's Bitcoin? It's not an actual coin, it's "cryptocurrency," a digital form of payment that is produced ("mined") by lots of people worldwide. It allows peer-to-peer transactions instantly, worldwide, for free or at very low cost. Bitcoin was invented after decades of research into cryptography by software developer,…
    Tags: bitcoin
  • 39
    https://www.youtube.com/watch?v=wku6MGYDuPE BTC, ETH/ Technical analysis price forecast 29 jan Hello! I make Bitcoin, XRP (Ripple) & other crypto technical analysis price predictions based on charts.
    Tags: bitcoin
  • 38
    In CoinGecko’s recently published yearly report for 2019, their team of analysts walked through the statistics for the Lightning Network last year. While focusing mostly on the Lightning Network’sThe post Bitcoin capacity on lightning network rose by 62% in 2019 appeared first on AMBCrypto. Source link
    Tags: lightning, network, bitcoin, link, source, report
  • 38
    As the world's current front runner in the Crypto Currency market, Bitcoin have been making some serious headlines, and some serious fluctuations in the last 6 months. Almost everyone has heard of them, and almost everyone has an opinion. Some can't fathom the idea that a currency with any value…
    Tags: bitcoin
  • 38
    Support the Channel via BTC Lightning Network: ▻ https://tippin.me/@sunnydecree ✘ Follow me: ▻ https://twitter.com/sunnydecree ... source
    Tags: bitcoin, bitmex, channel, lightning, network, source
READ MORE  Crypto 'An Intellectual Experiment' That Can Still Fail - Says Xapo CEO

Leave a Reply

Your email address will not be published. Required fields are marked *