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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Bitstamp Crypto Exchange Sets Up Lightning Network Node

BY: @platyrhodon | CREATED: July 8, 2019, 7:38 p.m. | VOTES: 20 | PAYOUT: $0.07 | [ VOTE ]

European crypto exchange Bitstamp has set up its own Lightning Network (LN) node to boost the network’s capabilities, the company tweeted on July 8.

As a second layer over the blockchain of the biggest cryptocurrency, bitcoin (BTC), the LN is designed to enable fast and zero-fee transactions by creating payment channels between users. Specifically, the network aims to address bitcoin’s scalability problem by keeping the majority of transactions off-chain.

READ MORE: https://cointelegraph.com/news/bitstamp-crypto-exchange-sets-up-lightning-network-node/amp

By Helen Partz

TAGS: [ #cryptocurrency ] [ #kryptonia ] [ #btc ]

Replies

@kryptoniabot | July 8, 2019, 8:16 p.m. | Votes: 0 | [ VOTE ]

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