- This map illustrates all of the companies working on Bitcoin’s Lightning Network
- Lightning Network is a second-layer scaling solution that intends to make Bitcoin practical for small payments
- Though still in development, several companies are attempting to bring it to the mainstream
The Lightning Network is a second-layer scaling solution built on top of Bitcoin. The Lightning Network was first proposed in February of 2015 by Joseph Poon and Thaddeus Dryja. It’s a decentralized system in which transactions are sent over a network of micropayment channels whose transfer of value occurs off-chain. Through the channels users can send multiple payments back and forth, the final balances are recorded as one transaction on Bitcoin’s blockchain once users decide to close out the channel.
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The Block Genesis consists of our most in-depth, timely and impactful pieces, giving you an informational edge over the entire financial and technology industry. Genesis members get exclusive access to the stories that the mainstream media doesn’t understand and that remains undiscovered and buried amid the noise of social media. On a daily basis, The Block Genesis will feature the best research, investigative reporting, analysis, company digests, op-eds, and interviews. The Block Genesis is the first and last word on the world of digital assets, cryptocurrencies, and blockchain.
Below you’ll find a selection of articles exclusively for Genesis members.
- MimbleWimble: History, Technology, and the Mining Industry
- Block by Block – Crypto Lending
- Blockchain Terminal
- The growth of the Lightning Network
- The inside story of Coinbase internal power struggle
- Money 2.0 Stuff
- So, is Binance Coin actually worth anything
- Cathie Wood on The Block
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