Lightning Network simplifies money transmission

The forward looking technology turns introduces cryptocurrency exchange without any intermediarie
24 November 2017   2469

The Lightning Network, or LN, is one of the most expected protocols. It can help to solve the problem of transaction’s speed. The main difference is that the blockchain doesn’t includes the information about accomplished micropayments. It means, that users can make so many payments as they need and only a total balance of transactions will be recorded in the blockchain.

There is nothing to worry about safety because a recipient can’t get money until he or she signs a special agreement. According to this document a remitter can get paid back, if other party of the contract fails to comply fully with the requirements.

Speaking of advantages of LN, it should be noticed that the technology allows to make micropayments without any impacts on the blockchain. Users can also exchange cryptocurrency without intermediaries with the help of so called atomic swap. The essence of this process is in specific terms of a bargain. A transaction must be fully accomplished or the deal is off.

Atomic swaps has already been tested with the following blockchains: Litecoin, Decred, Vertcoin and Bitcoin.

Monex Online Broker to Reward Shareholders With BTC

Crypto will not be received by all shareholders as an additional interest, but only those who have an account on the Coincheck
23 March 2020   123

The Japanese brokerage company Monex Group has announced that it will pay shareholders a small amount in bitcoins as an additional interest at the end of the fiscal year.

Cryptocurrency will not be received by all shareholders of the online broker, but only those who have an account on the Coincheck bitcoin exchange. In addition to the regular payments for the year, these shareholders will receive 500 yen (about $ 4.54) in bitcoins. The fiscal year in Japan ends March 31.

The company acquired Coincheck for $ 33.6 million in 2018, when the platform experienced serious financial difficulties after a massive $ 530 million hack. With the new owner, Coincheck received a license from Japan's financial regulator in January last year. Later, the exchange launched a platform for OTC cryptocurrency trading and announced a platform for conducting IEO.