The Bitcoin community once again captured attention with a recent debate that shed light on critical issues with the Lightning Network, an L-2 protocol designed to accelerate BTC transactions. Leading blockchain security expert James Loop pointed out a significant operational challenge. As per Loop, LN’s requirement for users to be online to receive payments complicates […]
lightning
Bitcoin Lightning Network: Developer Dispels Backdoor Allegations
The Bitcoin community found itself embroiled in a heated debate following the resignation of renowned Bitcoin lightning developer and security expert, Antoine Riad. Riad’s departure from the project was spurred by his discovery of critical flaws, triggering widespread concerns about the security of the Lightning network. Riad took to social media, addressing his concerns in […]
Bitcoin’s Code Wars: Developers Fierce Debate Over Protocol Enhancements
In the ever-evolving world of Bitcoin, upgrades are essential to keep the blockchain robust and adaptable. Behind each successful improvement lies a “BIP,” or Bitcoin Improvement Proposal, a standardized pitch designed to enhance the BTC blockchain. BIPs serve as a testament to the blockchain’s decentralized nature, enabling the community to propose and discuss technical changes, […]
Lightning Network Explained: What It Is and How It Works
Bitcoin is a decentralized, peer-to-peer digital currency that allows users to send and receive payments without relying on intermediaries such as banks or payment processors. But despite Bitcoin’s digital potential, it has some scalability issues which can affect the time and cost of completing a transaction. Thankfully, Lightning Network addresses this issue. Basically, The Lightning […]