SegWit2x still possible. Again

Team of true SegWit2x fans is going to launch hardfork on the 28th of December, 2018
19 December 2017   8875

Some true fans of SegWit2x don't give up. New SegWit2x project website just appeared. According to the website, approx. on the 28th of December, when block 501451 will be mined, fork will be launched.

As it is stated on the project website, it intends to implement the Segwit2X, which was expected in mid-November. At the same time, developers add, the futures trading on Segwit2X hardfork on some exchanges, including HitBTC, continues.

Commission and transaction speed within the Bitcoin network has reached extraordinary values. It is almost impossible to use it as a means of payment.

Our team will carry out the Bitcoin hard fork, which was planned for mid-November. At the same time, trading of its futures has been carried out on some exchanges for a long time. HitBTC is among them.

I promise that all BTC holders will receive not only B2X in the ratio of 1 to 1, but also a proportional number of Satoshi Nakamoto`s Bitcoins as a reward for their commitment to progress.
 

Jaap Terlouw 

Founder of the project   

As the project's founder, Jaap Terlouw is listed on the site, and the idea of the team headed by him is to resume and refine the suspended Segwit2X project and create a "really anonymous and instant bitcoin."

It is claimed that the purpose of the work is not the replacement of the original network, but the effective coexistence of two networks with different purposes.

General project information:

  • Estimated date of the fork: 28.12.2017
  • Total issue: 21 million coins
  • Protection against repeated transactions: Yes
  • Unit extraction speed: 2.5 minutes
  • Mining: X11
  • Block size: increased to 4 mb
  • Recalculation of difficulty: after each block
  • Unique address format: Yes

Also, according to the roadmap, these are planned improvements:

  • Offline codes
  • Lightning Network support, instant transactions
  • ZkSnark
  • Ethereum smart contracts
  • Anonymous transactions

Creators of SegWit2x has a Telegram channel (Russian speaking, mostly) additionally to the main website. It is also worth noting that official Instagram, Twitter, second Telegram channel and Reddit are almost empty.

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   329

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.