F2Pool and WEX withdraw support for SegWit2x

F2Pool and WEX exchange stop signaling for SegWit2x as Bitcoin Price surges past $5,200
13 October 2017   2099

As the possible Bitcoin hardfork comes closer, more and more companies refuse to support it.

According to BitGo engineer, Jameson Lopp, Bitcoin mining pool F2Pool has stopped signalling for SegWit2x.

For now, F2Pool is the third largest mining pool which in its hash power is the second only to Antpool and BTC.top. Its share in the total network hashrate is about 13.19%. 

Bitcoin blocks by mining pool on coin.dance
Bitcoin blocks by mining pool on coin.dance

On top of that, the cryptocurrency platform WEX.nz also states that it will not support the Segwit2x and does not intend to introduce new trading pairs in case of its implementation

WEX.nz on SegWit2x
WEX.nz on SegWit2x 

Thus, the company argues that the management of the exchange considers the possible hardfork to be questionable both for trades and for the cryptocurrency system as a whole.
Though, WEX team details, the hardfork-thing will not interrupt the regular operating mode of the exchange and will not stop the trade.

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.