BTC and ZCL to co-fork into BTCA

Anonymous Bitcoin will be a fusion of Bitcoin and ZClassic with a fork scheduled on September 9
31 May 2018   3126

As forks become a trend in the crypto space, one has to wonder which ones are legitimate and which - fraudulent. The project Anonymous Bitcoin aims to succeed where previous forks have failed. The new forked coin will be the result of a co-fork of Bitcoin and ZClassic. Anonymous Bitcoin token will have a ticker of BTCA.

Jake Greenbaum, Ran NeuNer and Sam Abbassi

BTCA testnet will be launched on August 10. Roughly a month prior to the mainnet launch will give the exchanges time to test the wallets and infrastructure. The snapshot is scheduled for September 9 with the mainnet to be launched within 48 hours after the snapshot is taken.

Main features of BTCA are going to be as follows:

  • anonymity via zkSNARK technology;
  • increased transactions speed via increased block sizes;
  • coin staking via masternodes

More details about the event and the project's team composition can be found here.

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   301

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.