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Researchers at the University of Illinois have discovered vulnerabilities in the Bitcoin (BTC) Lightning Network that could result in the theft of 750 BTCs (roughly $18 million). The two researchers, Cosimo Sguanci and Anastasios Sidiropoulos, published a paper where they explained the vulnerability in the Layer 2 network using a hypothetical case where malicious nodes…
Kraken, one of the largest centralized crypto exchanges in the world, launched its Bitcoin Lightning service on April 1st this year, but the success of the service seems to be anything but a joke. In less than three weeks, usage of the Lightning Network on Kraken has sent the exchange into the position of being…
Bitcoin’s “scaling solution” for fast payments, the Lightning Network, is becoming increasingly popular around the globe. According to a fresh research report (pdf) by Arcane Research, Lightning payments are growing fast, even more so than what can be measured by looking at “imperfect” public metrics. To read the rest of this article, sign in or…
The Lightning Network, Bitcoin’s scaling solution, has seen incredible success last year, growing both in capacity and transaction count. With an exponentially increasing rate of adoption, Lightning is set to see even bigger success in 2022, continuing to attract more and more users. However, despite its meteoric growth, Lightning still remains mostly a niche product,…