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 Lightning Labs launches updated protocol to help solve Bitcoins BRC 20 issues

Lightning Labs launches updated protocol to help solve Bitcoins BRC 20 issues


Published: 2023-05-17


1. Lightning Labs updates Bitcoin protocol to reduce congestion The article discusses how Lightning Labs,a blockchain technology company focused on scaling Bitcoin,has launched an updated protocol for the Bitcoin network. The new protocol aims to reduce congestion on the network by making it easier to open and close payment channels,which are necessary for conducting transactions on the Lightning Network. This solution addresses a major challenge with Bitcoin's scalability and could pave the way for more widespread adoption of the cryptocurrency.

2. Importance of improving Bitcoin scalability The article emphasizes the importance of improving Bitcoin's scalability for its long-term success. The current limitations of the Bitcoin network have resulted in high transaction fees and slow processing times,making it difficult for Bitcoin to compete with traditional payment methods or other cryptocurrencies with faster transaction speeds. By addressing scalability issues,Lightning Labs' updated protocol could unlock the potential of the Bitcoin network as a viable means of digital payments.

3. Impact on the cryptocurrency industry The article also highlights how Lightning Labs' updated protocol could impact the broader cryptocurrency industry. By reducing congestion and improving transaction speeds for Bitcoin,the updated protocol could encourage more merchants and users to adopt cryptocurrencies as a viable means of payment. Additionally,the success of this solution could inspire other blockchain companies and developers to create similar scalability solutions to enhance their own networks.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,309.44 1,202,649,501.63
2 ARS title=ARS 1,106.80 851,704,271.50
3 ETH title=ETH 3,071.70 508,566,261.29
4 SOL title=SOL 170.11 453,650,498.31
5 PEPE title=PEPE <0.01 181,975,451.93
6 BONK title=BONK <0.01 173,983,790.08
7 WIF title=WIF 2.53 145,265,993.62
8 DOGE title=DOGE 0.15 110,905,323.04
9 FTM title=FTM 0.86 81,417,190.24
10 LINK title=LINK 16.56 80,860,474.22
11 RNDR title=RNDR 10.18 73,753,791.11
12 BOME title=BOME 0.01 68,439,314.46
13 RUNE title=RUNE 6.60 57,209,681.60
14 XRP title=XRP 0.51 56,740,143.08
15 NEAR title=NEAR 7.86 54,852,654.12
16 CREAM title=CREAM 86.67 52,433,139.30
17 ENA title=ENA 0.71 50,533,638.32
18 ORDI title=ORDI 39.90 48,195,457.68
19 FLOKI title=FLOKI <0.01 47,043,119.44
20 BCH title=BCH 485.60 42,013,288.40
21 AVAX title=AVAX 35.61 40,804,705.03
22 RSR title=RSR <0.01 37,975,943.79
23 PEOPLE title=PEOPLE 0.04 36,864,987.53
24 PYTH title=PYTH 0.38 33,261,878.26
25 WLD title=WLD 4.71 33,239,314.90
26 ICP title=ICP 12.63 30,343,696.29
27 FIL title=FIL 5.54 29,751,904.18
28 AEVO title=AEVO 0.80 28,011,814.54
29 BLZ title=BLZ 0.28 27,614,458.32

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 86.67 +47.45
2 Harvest Finance title=FARM 81.07 +20.34
3 Phala title=PHA 0.20 +8.30
4 BinaryX title=BNX 1.07 +6.48
5 Ooki title=OOKI <0.01 +5.56
6 Marlin title=POND 0.02 +4.69
7 Unifi Protocol DAO title=UNFI 4.06 +4.23
8 Bitcoin Cash title=BCH 485.60 +2.34
9 Viction title=VIC 0.45 +2.34
10 Chainlink title=LINK 16.56 +2.15
11 OAX title=OAX 0.23 +1.99
12 Hive title=HIVE 0.32 +1.76
13 Arweave title=AR 47.67 +1.68
14 PAX Gold title=PAXG 2,413.00 +1.17
15 AS Roma Fan Token title=ASR 3.74 +0.94
16 Akropolis title=AKRO <0.01 +0.91
17 aelf title=ELF 0.53 +0.40
18 Wrapped NXM title=WNXM 67.54 +0.12
19 Render title=RNDR 10.18 +0.09
20 Keep3rV1 title=KP3R 75.55 +0.03

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Bluzelle title=BLZ 0.28 -15.13
2 Ellipsis X title=EPX <0.01 -13.98
3 Pyth Network title=PYTH 0.38 -13.46
4 Tensor title=TNSR 0.81 -11.36
5 DIA title=DIA 0.46 -8.39
6 Manta Network title=MANTA 1.45 -8.30
7 Starknet title=STRK 1.06 -8.25
8 Saga title=SAGA 2.08 -8.04
9 Lisk title=LSK 1.78 -7.88
10 Celestia title=TIA 8.79 -7.57
11 Quickswap [OLD] title=QUICK 0.05 -7.50
12 Fusionist title=ACE 4.52 -7.45
13 Manchester City Fan Token title=CITY 3.13 -7.26
14 Decred title=DCR 19.34 -7.20
15 Bounce title=AUCTION 13.67 -7.07
16 Mobox title=MBOX 0.33 -6.84
17 Massive Protocol title=MAV 0.35 -6.83
18 Polymesh title=POLYX 0.43 -6.82
19 Beta Finance title=BETA 0.06 -6.81
20 Hooked Protocol title=HOOK 0.78 -6.73
21 Omni Network title=OMNI 13.83 -6.68
22 Pixels title=PIXEL 0.34 -6.68
23 0x Protocol title=ZRX 0.55 -6.59
24 Rocket Pool title=RPL 18.29 -6.54
25 Alchemix title=ALCX 23.45 -6.54
26 Neutron title=NTRN 0.64 -6.43
27 Grok title=XAI 0.59 -6.41
28 Cortex title=CTXC 0.32 -6.30
29 Game title=GTC 1.14 -6.18
30 LeverFi title=LEVER <0.01 -6.04

Bitcoin's Greed and Fear Index.

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72
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Microsoft faces multibillion dollar fine in EU over Bing AI 2024-05-19
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4 XRPL on chain transactions jump 108 in Q1 2024 2024-05-19
5 Venezuela bans crypto mining to protect power grid 2024-05-19
6 Bitcoin clings to 67K but analysis warns of 10 BTC price drop next 2024-05-19
7 Tornado Cash verdict has chilling implications for crypto industry 2024-05-19
8 OpenAI leadership responds to former employee safety allegations 2024-05-19
9 Microsoft faces multi billion dollar fine in EU over Bing AI 2024-05-19
10 Bitcoin039s 669K price holds strong casts doubts on a 039deep correction039 2024-05-19
11 Crypto personality pleads guilty to fraud after promising 60 fictitious returns 2024-05-18
12 Aussie admits to promoting BitConnect crypto services without a license 2024-05-18
13 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
14 Genesis Global secures court approval for 3B payout 2024-05-18
15 US authorities bust 73M crypto scam make two arrests 2024-05-18
16 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
17 What is the Ethereum ETH burn address 2024-05-18
18 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
19 Godfather of AI advises UK government to start UBI 2024-05-18
20 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
21 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
22 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
23 Blockchain gaming investments reached nearly 1B in April 2024-05-18
24 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18
25 Alex Labs freezes 39M of exploited funds sent to CEXs after hack 2024-05-18
26 Ghana Singapore conduct trade in semi fungible token pilot project 2024-05-18
27 Changpeng Zhao teases writing project ahead of reporting to prison 2024-05-18
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29 Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18
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31 Binance exec denied bail in Nigeria money laundering trial 2024-05-17
32 Sony warns 700 AI devs music streaming companies against content misuse 2024-05-17
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47 Memecoin launcher pumpfun claims ex employee behind 19M exploit 2024-05-17
48 DTCC Chainlink complete fund data tokenization pilot with US banks 2024-05-17
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US news that has a significant impact on the market

at news day date time
1 Fed Chair Powell Speaks Sunday 19-05-2024 20:30
2 FOMC Member Bostic Speaks Monday 20-05-2024 12:30
3 FOMC Member Bostic Speaks Monday 20-05-2024 13:45
4 FOMC Member Waller Speaks Monday 20-05-2024 14:00
5 FOMC Member Barr Speaks Monday 20-05-2024 14:00
6 FOMC Member Jefferson Speaks Monday 20-05-2024 15:30
7 FOMC Member Mester Speaks Monday 20-05-2024 19:00
8 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
9 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
10 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
11 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
12 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
13 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
14 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
15 Existing Home Sales Wednesday 22-05-2024 15:00
16 Crude Oil Inventories Wednesday 22-05-2024 15:30
17 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
18 Unemployment Claims Thursday 23-05-2024 13:30
19 Flash Manufacturing PMI Thursday 23-05-2024 14:45
20 Flash Services PMI Thursday 23-05-2024 14:45
21 New Home Sales Thursday 23-05-2024 15:00
22 Natural Gas Storage Thursday 23-05-2024 15:30
23 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
24 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
25 Durable Goods Orders m/m Friday 24-05-2024 13:30
26 FOMC Member Waller Speaks Friday 24-05-2024 14:35
27 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
28 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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