It seems like every day we are starting to see new projects popping up furthering the capabilities of the Lightning Network! Below is a project we found that is TESTING the use and control of a Lightning Node via a Mobile Phone Telegram bot. We would like to stress this is a test scenario but … Read moreOptions are Endless it Seems with the Lightning Network!
Block Size and Soft Fork To talk accurately about block sizes, it’s important to understand how block size is measured. Block size is simply the size, in bytes, of the serialized block (block header, number of txs and the txs themselves). As part of the consensus rules, every node on the Bitcoin network currently checks that … Read moreUnderstanding Segwit Block Size
This project consists of multiple parts. To make things easier the application.sh provides a frontend to control everything. The different parts of the project are documented below. Source: Lightning Beer Tap Architecture The following diagram provides a general overview on how all the components work together Basic Setup is done by running the application.sh shell script. (start Chromium in Kiosk … Read moreLightning powered beer tap
Multisignature (multisig) refers to requiring more than one key to authorize a Bitcoin transaction. It is generally used to divide up responsibility for possession of bitcoins. Standard transactions on the Bitcoin network could be called “single-signature transactions,” because transfers require only one signature — from the owner of the private key associated with the Bitcoin address. … Read moreBitcoin Multisig Wallet
Monica Castro , language teacher and editor of ebooks, takes us to recall several of the facts and arguments that gave rise to the birth of Bitcoin. A journey through history that can help us better understand the objective pursued by the original cryptocurrency technology. Pay With Lightning to Continue ReadingPay to Continue Reading:Lightning BTCCopyQRPayment ... Read moreBITCOIN BEFORE BITCOIN