Bitlum launched Lightning Network exchange alpha version

According to the developers, ZigZag will provide 10-second operations for the exchange of assets without the need to register
12 January   206

The developers of Bitlum reported the launch of the alpha version of ZigZag, a crypto exchange based on the Lightning Network protocol. As the project team promises, ZigZag will provide 10-second operations for the exchange of assets without the need for registration, while the use of payment channels will avoid high transaction fees.

The vision of the company is to provide a gradual transition from the model of centralized exchanges to decentralized solutions. This model is designed to meet the growing demand and solve user problems, which often face problems when exchanging crypto assets.

Bitlum plans to split its strategy into several stages. At the first stage, the team will focus on solving the problems of high commissions and long time confirmation of transactions. Also work will be done to integrate LN-purses, increase the user base of nodes, increase security and overall stability of the service.

At this stage, the company notes, users will have to trust it as a third party when transferring funds to recipient addresses. Bitlum intends to eliminate this mediation as soon as atomic exchanges between assets are available.

The second phase of the platform development assumes that ZigZag will become a full-fledged provider of payment channels of the Lightning Network. Also at this stage, it is expected to develop internal tools for managing funds in the payment channels.

In addition, ZigZag will offer external investors the opportunity to earn money by depositing their funds in payment channels and partially solving the problem of the bandwidth of the channels.

At the third stage, the Bitlum team expects that a sufficient number of payment channels and tools to connect to the platform to manage these channels will allow it to concentrate on experiments with atomic swaps and eliminate the need to act as a third-party trust.

Verge to Improve Security via Hard Fork

Verge cryptocurrency will reportedly undergo a hard fork on block 1 824 150 which should resolve stealth transaction issues and enhance privacy features
22 January   2132

Verge has announced that the hard fork of the coin will occur on block 1 824 150. The decision was made because some mining pools were not running the latest codebase, and as a result some stealth transactions did not get confirmed. Verge tried to soft fork, but not enough pools participated. The new hard fork will assure that miners are up to date and process stealth transactions.

Verge tweet regarding hard forkVerge Tweet Regarding Hard Fork

What is more, the hard fork will make sure all transactions will be processed and confirmed even faster, and it will not affect coins in the wallet. After the hard fork, the users will have 6 days to update their wallets to then still have access to their funds. Moreover, balances at any exchanges will not be affected by the hard fork.

Verge latest blocksVerge latest block at the moment of press

As soon as the stealth transaction will be activated with hard fork at block 1 824 150, at the moment of writing the last activated block was 1820480, and the estimated time until the Verge hard fork is 30:31 hours.

Verge Charts january 2018Verge Charts

Currently, the price of Verge is falling down, it decreased 15% within past 24 hours and 30% during past 7 days, having moved the coin to the 26th place in the list of coins ranked by market capitalization.

At the moment of press, these are main market parameters of Verge:

  • Average price: $0,092518
  • Marketcap: $1 341 606 868
  • 24h volume: $83 587 200