12 Nov '17, 7am

Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited

Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited

At press time, the Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. Since larger blocks are clearly dead in the water, there is only one apparent solution to the scalability problem: lightning network . The lightning network is scale-free, low-fee solution that has the potential to solve Bitcoin's scalability problem. As transaction volume on the Bitcoin network increases and the amount of data that can fit in a block remains the same, the Bitcoin economy suffers from a congested network. It is beginning to take longer than usual--up to several hours--for a transaction to be confirmed on the Bitcoin network and high transaction fees plague the ...

Full article: https://cointelegraph.com/news/lightning-must-strike-soon...

Tweets

via @WSJ

wsj.com 13 Nov '17, 8am

Average fees on Bitcoin Cash are currently $44.30!

blockchair.com 12 Nov '17, 2pm

Bitcoin Cash Blockchains Bitcoin Bitcoin Cash Mempool Block Bitcoin Cash Blockchain Blocks Transactions Outputs Bitcoin Ca...

A better blockchain: Bitcoin for nothing and tr...

zdnet.com 13 Nov '17, 11am

"Ethereum started from this rebellious, libertarian vision, not necessarily pragmatic from an engineering point of view. I...

@KaneFlaherty @KaneFlaherty Hi Kane, there was no strike yesterday. Here is a list of services operating today

@KaneFlaherty @KaneFlaherty Hi Kane, there was ...

arrivabus.co.uk 13 Nov '17, 8am

Buy tickets online You can buy multi-journey Saver tickets and Student Saver tickets quickly and securely through our onli...

As Bitcoin Rejects 2MB Blocks, Dash Prepares to Implement Them

As Bitcoin Rejects 2MB Blocks, Dash Prepares to...

cointelegraph.com 11 Nov '17, 2pm

In early 2016, the masternodes that comprise Dash’s governance system voted overwhelmingly to upgrade to 2MB blocks , with...

ATM

ATM

cointelegraph.com 17 Nov '17, 3pm

Korean Hyosung, a multi-billion dollar conglomerate involved in ATM manufacturing has announced it will now offer Bitcoin ...

@MacJuan16 @arrivanorthwest Hi there, please se...

arrivabus.co.uk 13 Nov '17, 8am

You can buy a selection of tickets on your Arriva bus, from single tickets, to weekly saver. Please try to remember to hav...

Impressive LIGHTNING x LOUIS VUITTON cosplay by...

m.worldcosplay.net 14 Nov '17, 12am

Published by Kilory, over 1 year ago Currently couldn't logo on to Facebook account. email [email protected]

Considerably less severe than expected.

Considerably less severe than expected.

hypebeast.com 13 Nov '17, 12pm

LiAngelo Ball , Jalen Hill and Cody Riley are likely to receive up to 20 days of house arrest as their punishment for shop...

Coming soon....

watchprosite.com 14 Nov '17, 12pm

The 8 emblematic screws almost floating, truly impressive and... daring. Very very modern style (look at those bridges!) b...

The Lightning Network Now Supports Transactions...

bitcoinmagazine.com 16 Nov '17, 11pm

Although still in testing phase, the lightning network can now be used to send transactions across different blockchains. ...

Keysight opens automotive solution center

ept.ca 11 Nov '17, 1pm

Keysight Technologies announced the recent opening of its Keysight Automotive Solution Center in Novi, Michigan. The centr...