Tag: lightning network

Why Do Bitcoin Transactions Take So Long?

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Why Do Bitcoin Transactions Take So Long_web

There’s no denying that Bitcoin transactions are convenient, flexible, and perfect for facilitating decentralized commerce around the world. Still, one lingering problem has been a facet of Bitcoin transactions since these digital assets’ inception: transaction time.  Even with today’s technology, Bitcoin transactions can take quite a while to finalize. Why is this, and is there any way to fix it?  Today, let’s break down the answer to both of these questions and more. How Bitcoin Transactions Are Confirmed For Bitcoin to work, transactions must go through a lengthy and complex…

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Bitcoin as it was intended: Lightning fast and truly digital cash

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Bitcoin: From humble beginnings to a global phenomenon, despite its issues Electronic cash. That’s how the Bitcoin whitepaper, released in 2008, describes Bitcoin. From those simple beginnings through to today, Bitcoin has continued to grow in popularity and value.  In the last 13 years, Bitcoin has reached heights of over $67k (around 59k Euros), is held by over 106 million wallets, and in January 2022 had over 20k nodes, doubling the figure from 10 months previously.  But, as a form of electronic cash, it has always faced challenges.  While other…

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How Businesses Can Benefit from Twitter’s New Tipping Feature

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The recent news from social media platform Twitter that users can now tip fellow tweeters with Bitcoin was met with applause from crypto supporters globally. However, beyond being a monumental moment for cryptocurrency adoption, this announcement was also great news for business owners around the world.  Today, we’re taking a closer look at the network Twitter is using for its new “Tip Jar” feature, the Lightning Network, to show how it presents a new opportunity for businesses to capitalize on it and increase their revenues.  What is the Lightning Network?…

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