Blockchain.info clarifies its position on SegWit2x

Blockchain.info wallet has published a statement on the Bitcoin hardfork
14 October 2017   7596

The representatives of the popular Bitcoin wallet, Blockchain.info, claim that in case of activation of the Segwit2x, the company will follow the chain with the most accumulated difficulty and refer to that chain as Bitcoin.

As detailed by the team, if the minority chain has significant value, Blockchain.info will make that value available for customers to hold or exchange for a period of time, as they did with Bitcoin Cash. If the minority chain is the one with 1MB blocks, the company plans to call it BC1. If the minority chain has 2MB blocks - BC2.

It's worth mentioning that the company's position regarding Segwit2x's hardfork caused confusion and discontent among plenty users of social networks.

Some users even started to withdraw funds from this popular wallet.

The things around the SegWit2x hardfork get heated from day to day. We'll keep you updated.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   316

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.