Blockchain News

Blockchain company Blockstream releases a new lightning network update


с-lightning – is the implementation of the network of the second layer Lightning Network made by Blockstream, designed to unravel bitcoin network quantifiability issue. in line with Blockstream’s publication, the newest update, c-lighting zero.7, is that the initial major unharness for the last eight months. a brand new version includes performance improvement, bug elimination, accumulated privacy and new options and is additionally given enlarged documentation.

The main distinction between a brand new version and former ones is plug-in support which permits the developers to implement extra options with the assistance of own extensions written in varied programming languages, above all, C, Go, Python.

C-lightning developers note that code became a lot of versatile, it’ll be adjustable. it’s supposed that a good set of tools permitting, for instance, to observe activity within the network or implement options for channels on the idea of plug-ins.

It was based on 2014, with offices and team members distributed around the world.

Last week, Blockstream co-founder and chief operating officer Adam Back participated within the LN-based Lightning Torch Bitcoin relay. He then passed the Torch on to former PayPal COO and early Blockstream supporter, Thomas Reid Hoffman.

As Cointelegraph reportable in October blockchain technology firm Bitfury cluster has free a series of latest tools for merchants and developers in a very bid to drive wider adoption of the LN.

Data provided by a BTC statistics web site discovered that the capability of the Bitcoin Lightning Network has surpassed $2 million in December of last year.

Also in December R&D laboratory at crypto startup TenX tested the employment of its cross-blockchain ability protocol to exchange Ethereum’s (ETH) ERC20 protocol tokens for Bitcoin exploitation the Lightning Network.

Tesla founder Elon Musk was once more a favorite candidate, having antecedently become the topic of a lobbying effort by others, together with the Twitter user called hodlonaut, UN agency started Lightning Torch.

Aiming to increase awareness and check the resilience of the Lightning Network, the Torch has already received public backing from Twitter chief operating officer Jack Dorsey.
Before Thomas Reid, another position participant within the Torch relay was monetary derivatives big Fidelity Investments, that received and passed on the Lightning Torch on Feb. 22., the micropayment resource that hodlonaut wont to send the primary Torch group action, began belongings Twitter users tip one another with Bitcoin last week.

LinkedIn co-founder and former PayPal COO Thomas Reid Hoffman have become the newest participant within the Lightning Torch Bitcoin (BTC) group action relay, Blockstream chief operating officer Adam Back confirmed on social media on Feb. 26.

About Blockstream

Blockstream is the world leader in Bitcoin and blockchain technology. Applying newest cryptography and security engineering, we’re building the product and networks that build monetary markets a lot of economical by reducing reliance on trust.

Bitcoin is at the center of everything we tend to do. From enterprise-grade settlement networks to shopper wallets, to Bitcoin satellites, our technology is fast the adoption of bitcoin-based peer-to-peer finance. Blockstream’s key innovation is in sidechains, that modify the introduction of brand name new options to Bitcoin, furthermore because of the supply of latest digital assets.

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