The Bitcoin Lightning Network could be positioning itself as a future global payment network by facilitating USD remittance in emerging markets and new integrations with social media platforms like Nostr.
The Lightning Network is a neutral protocol built on top of Bitcoin and currently it does not have a “native” token attached to it like many decentralized finance platforms.
Although the Lightning Network’s total liquidity is less than 0.5% of the ETH in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development.While the liquidity on the LN has been rising consistently, the number of channels on the peer-to-peer network dropped drastically in November following the FTX collapse. It could be due to an exodus of miners operating LN nodes besides running mining clients.
The cost of international payments from the U.S. can rise as high as $45 per transaction, with transfers taking hours or sometimes days. Thus, users could start preferring Strike-based payments over traditional remittance channels.that the LN payments have risen this year on the top Lightning Network wallets, Wallet of Satoshi. Moreover, a podcasting platform, Podcasting 2.0, that accepts LN payments also recorded an uptick in tips sent to creators.
Another factor influencing the adoption of LN is the launch of Nostr. According to the protocol's Github page, Nostr is a simple, open protocol that enables global, decentralized and censorship-resistant social media. The protocol allows social media applications to be built on it. Damus, a Twitter lookalike, implements Nostr with an IOS and Android application. The idea of an open and free social media network reverberates the strongest in the crypto space. Bitcoin pioneers like Jack Dorsey and Adam Back have stronglyBesides similarities in ideology, Nostr can boost LN adoption as Damus has integrated various LN wallets like Wallet of Satoshi, Strike, BlueWallet, and others.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Litecoin Network Adopts Ordinal Inscriptions, Following Bitcoin's Lead – Technology Bitcoin NewsThe technology has been ported to the Litecoin network, and the number of onchain Litecoin inscriptions has surpassed 13,000.
Leer más »
DAOFIN - New DAO Framework for Decentralised Network by XDC NetworkHere's how XDC Network attempts to implement DAO governance in its progress and how network enthusiasts can benefit from it
Leer más »
Litecoin Network Gets Its First NFTs After Developer Forks Bitcoin OrdinalsA copy of the whitepaper of Litecoin’s mimblewimble upgrade was put on the Litecoin blockchain as the popularity of Bitcoin-based NFTs surges. By shauryamalwa
Leer más »
Original Bitcoin Wizard Artist Raises Nearly $150,000 in BTC via Lightning, Despite Criticism From Bitcoin Maximalists – Bitcoin NewsThe Taproot Wizards helped an artist who created the original 2013 bitcoin wizard meme raise nearly $150,000 in bitcoin.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Tuesday, Following 8-Month High – Market Updates Bitcoin NewsBitcoin retreated from earlier highs during Tuesday’s session, as sentiment shifted following a move to a multi-month high.
Leer más »
Paraguay to Become Top Bitcoin Mining Hub in Latam According to Insight Group – Mining Bitcoin NewsAccording to Hashrate Index, Paraguay presents a series of benefits that can help it become one of the biggest cryptocurrency mining hubs in the region.
Leer más »