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“# Bitcoin transactions fees in US dollars near all-time high levels ” Bitcoin (BTC) transaction fees measured in United States dollars are near 2017 levels amid a massive hash rate drop on the Bitcoin network. According to data from several Bitcoin monitoring resources, the average BTC transaction fee in U.S. dollars is near the all-time…
“# Searching deep: The quest for Bitcoin scalability through layer two protocols ” As the largest cryptocurrency by market capitalization, Bitcoin’s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to…
“# Lightning Network node count hits record high, TVL tops $42M ” The Lightning Network has grown 75% in size over the past year, hitting a record high 8,900 nodes for the first time on Feb. 8, according to LN monitors at Bitcoin Visuals. A significant proportion of the increase occurred more recently, suggesting that…
“# Bitcoin mempool clogs up with 125K transactions waiting ” The number of transactions waiting to be confirmed in the Bitcoin mempool surged briefly above 125,000 today. This represents the equivalent of roughly 149 megabytes worth of data waiting to be added to the blockchain, which is enough to fill at least 107 upcoming blocks….
“# OKEx to accelerate Bitcoin transactions with Lightning Network ” Global cryptocurrency exchange OKEx is moving to cheaper and faster Bitcoin (BTC) transactions with its upcoming Lightning Network integration. According to a Feb. 2 announcement, OKEx’s Bitcoin Lightning Network will be integrated “in the coming quarter,” making OKEx a participant node in the Lightning Network….
“# Genesis Mining head forecasts importance of layer-two Bitcoin solutions ” Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view. “I think Bitcoin is a good store of value regardless of transaction…
“# Bitcoin node count hits new all-time high ” The number of Bitcoin nodes is at an all-time high, with 11,558 reachable nodes currently active, according to Bitnodes.io. Another Bitcoin network statistics tracker, coin.dance, calculates the total number of Bitcoin nodes at 11,613, which is just above the previous high of 11,250 set one year…
“# Blockstream expands Liquid Federation, but LBTC adoption remains slow ” Blockstream has added six more members to the federation that governs Liquid, the firm’s Bitcoin sidechain for inter-exchange settlement network. The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, broker…
“# Visa-backed Bitcoin startup to launch Lightning-based global payments app ” Zap, a Lightning Network payments startup backed by Visa through its Fintech Fast Track program, announced on Jan. 6 the rollout of Strike Global, a payments and remittances app using the Bitcoin (BTC) layer-two technology. An announcement by CEO Jack Mallers goes in-depth into…
“# Binance enables SegWit support for Bitcoin deposits as adoption grows ” Binance, one of the world’s largest cryptocurrency exchange by volume, has incorporated Segregated Witness, or SegWit, support for Bitcoin (BTC) deposits. The SegWit support was extended to deposits on Christmas Eve, Binance said in an official statement. The protocol upgrade was initially enabled…