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How the Lightning Network Layers Privacy on Top of Bitcoin

Bitcoin right now is not really anonymous. Monitoring of the unencrypted peer-to-peer network and analysis of the public blockchain, combined with Know Your Customer (KYC)...

With TumbleBit, Bitcoin Mixing May Have Found Its Winning Answer

Bitcoin right now is not really anonymous. Monitoring the unencrypted peer-to-peer network, analyzing the public blockchain or Know Your Customer (KYC) policies and Anti-Money Laundering...

How to Secure Bitcoin Exchanges, or Why All Hope Is Not Lost

Last week’s Bitfinex hack, in which Bitcoin’s leading exchange lost almost 120,000 bitcoins valued some $70 million USD at the time, represented a depressing...

Understanding the Lightning Network, Part 3: Completing the Puzzle and Closing the Channel

The Lightning Network is probably the most highly anticipated technological innovation that will be deployed on top of Bitcoin. The payment layer, first proposed...

Understanding the Lightning Network, Part 2: Creating the Network

The Lightning Network is probably the most highly anticipated technological innovation to be deployed on top of Bitcoin. The payment layer, first proposed by...

Understanding the Lightning Network, Part 1: Building a Bidirectional Bitcoin Payment Channel

The Lightning Network is probably the most highly anticipated technological innovation to be deployed on top of Bitcoin. The payment layer, first proposed by Joseph Poon and Tadge Dryja about a year ago, promises to support a virtually unlimited number of off-chain transactions among users, at nearly no cost – while leveraging the security offered by Bitcoin.

Bitcoin Core 0.12.1 Released, Major Step Forward for Scalability

Bitcoin Core 0.12.1 was released early this morning and the update includes several changes that have huge implications for Bitcoin scalability. The release deploys the first...

Lightning Network Implementation ‘Amiko Pay’ Currently in Development

TheLightning Network is a design improvement for Bitcoin that could allow users to makemicropayments in a decentralized manner and help the entire network scale...

CheckLockTimeVerify, or How a Time-Lock Patch Will Boost Bitcoin’s Potential

CheckLockTimeVerify (CLTV) has been merged into Bitcoin Core. This is generally considered great news, because it means that Bitcoin's potential has improved drastically....

Bitcoin as a Solution to E-Commerce Pain

Written By: Ashok Misra of Alina ConsultantsIntroductionBitcoin as a Solution to E-Commerce PainBitcoin is a decentralized virtual currency whose valuation and use has grown...
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