Blockstream to Roll Out C-Lightning v0.6

New version brings cool new features and improvements
26 June 2018   1168

The developer of bitcoin and blockchain solutions, Blockstream, presented a beta version of c-lightning (v0.6), which is one of the main implementations of the Lightning Network protocol.

The company blog says that the new version of the c-lightning solution is based on a new architecture that is modular, as well as more flexible and scalable.

In particular, in version 0.6 c-lightning implemented:

  • Lightweight nodes: Previous releases required a full bitcoind node running alongside c-lightning, to provide access to the Bitcoin network. This release still requires the bitcoin-cli utility to be present, but it can now talk to remote nodes as well, including some lightweight nodes such as spruned.
  • The gossip protocol has been updated to use a more lightweight bandwidth mechanism that asks for specific information, rather than exchanging full network views as the previous release did. This is particularly important for low-powered and mobile devices that would otherwise spend a lot of bandwidth and energy downloading and verifying information they already have.
  • API stability: The c-lightning JSON-RPC interface and supporting libraries have been redesigned in order to minimize changes in future releases. This API stability should make it easy for other projects to build on top of c-lightning because we will support this version of the API for the foreseeable future, maintaining backward compatibility, should we introduce any changes.
  • Wallet and sync: c-lightning now includes a full-fledged wallet that manages both on-chain and off-chain funds. There is no more raw transaction handling! All funds are automatically tracked and returned to the internal wallet as soon as possible, with no user interaction required. In addition the blockchain tracking now maintains an internal view of the blockchain, ending long blockchain rescans.
  • TOR support: c-lightning now supports connecting to nodes over the TOR network, auto-registering as a hidden service, and accepting incoming connections over TOR.
  • The payment logic has undergone a major overhaul to support automatic retries for routing failures, randomization of route selection, and better feedback about the current state of a payment.

Director for Strategic Development Blockstream Samson Moe noted that to date there are already three beta versions of the main implementations of the Lightning Network protocol - Eclair, lnd & c-lightning.

He also stressed that since the launch of the Blockstream Store in January, the Lightning Network has grown by more than 16 000% and currently it has 7,800 payment channels.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   149

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 
 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.