35 Lightning Network Nodes Operate in Bitcoin Network

Lightning Network allows to perform instant and free transactions
18 January 2018   2257

The number of active nodes in the main network of bitcoins that supports the Lightning Network protocol has already reached 35.

Lightning Network can become the answer of bitcoin to the low commission of altcoins. The exact timing of launching LN in the main bitcoin network is unknown, and before that beta releases of applications are required, however, as the developers are convinced, the full-scale activation of the protocol can become one of the most important events in the history of "digital gold".

This became especially important against the backdrop high commissions of the bitcoin network: in addition to instant payments without waiting for confirmation and potentially higher level of user privacy, one of the main advantages of LN is the decrease in transaction costs.

Mt. Gox CEO to be Found Guilty of Falsifying Docs

Mark Karpeles has a suspended term of four years ahead to prove his reliability and to avoid a real imprisonment
15 March 2019   120

The Tokyo District Court convicted the former CEO of the Mt.Gox bitcoin exchange, Mark Karpeles, of falsifying documents and sentenced him to two years and six months in prison. Nevertheless, Karpeles has a suspended term of four years ahead to prove his reliability and to avoid a real imprisonment. Reported by The Block.

Note that the prosecutor's office demanded 10 years in prison, however, on charges of embezzlement and violation of corporate law, Karpeles was found not guilty.

Karpeles and his lawyers intend to assess the situation and develop a strategy for action on the charges.

Earlier, the Illinois court rejected the petition of the lawyers of the former head of Mt.Gox to suspend the proceedings against him in the United States. So, American investors Gregory Green and Anthony Motto demand that Carpeles be personally responsible for the loss of their investments.

Once the largest Bitcoin exchange Mt. Gox crashed in early 2014. This happened after the information appeared about its alleged hacking and theft of 800,000 BTC ($ 480 million at that time). In December last year, Carpeles, during his closing speech at a Tokyo court, called himself innocent of the events that caused the millions of client losses and the company's collapse.