First Lightning Mainnet Beta Client Released

There are some restictions for lnd 0.4 -  $ 1,400 for one payment channel or approx. $ 400 for one payment
16 March 2018   246

California start-up Lightning Labs introduced the first beta version of the Lightning client for the main bitcoin network, lnd 0.4, which will allow users to send bitcoins out of the blockchain.

It also became known that the company raised $ 2.5 million from the CEO of Twitter Jack Dorsey, the executive director of Square Capital Jacqueline Reese, the founder of Litecoin Charlie Lee and COO PayPal David Sachs.

CEO of Lightning Labs Elizabeth Stark said that about 1800 people have already joined the Slack channel dedicated to the LND client, and the developers have already created dozens of applications based on this software.

The target audience for the release is the developers and "advanced users" who can own a full node and use the LND command-line interface.

However, for this beta version, there are restrictions - $ 1,400 for one payment channel or approximately $ 400 for one payment.

Stark warned users not to use the beta version if they were afraid of losing funds, as many of the things the development team had introduced for the first time and it was not known where the problem might arise.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   27

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.