Localbitcoins supports SegWit addresses

Popular p2p bitcoin buy\sell platform has become the third large platform in recent weeks, which supports SegWit
04 January 2018   1658

The popular p2p platform for buying and selling bitcoins Localbitcoins announced the support for SegWit addresses.

Thus, LocalBitcoins has become the third large platform in recent weeks, which supports SegWit. In December, Bitwala and WikiLeaks announced similar steps.

Activated in August 2017, the Segregated Witness protocol due to more rational use of the blockchain space allows to reduce the amount of commissions in the network of bitcoin. Also with its help, the block size was slightly enlarged and the foundation for implementation of various second-level solutions, for example, the Lightning Network, was laid.

Note that December 2017 was for LocalBitcoins record for the volume of concluded deals. The greatest activity occurred in the week from December 16 to December 23, when this figure was almost $ 134 million.

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   307

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.