On Lightning Network (I): A Demonstration in Solidity

How to break through a blockchain trilemma Lightning Network first appeared in the whitepaper proposed by Joseph Poon and Thaddeus Dryja in 2015. It generated huge responses and discussions among the Bitcoin community and has been widely regarded as the second most important whitepaper on Bitcoin behind Satoshi Nakamoto’s groundbreaking work.

Bitcoin Lightning Torch Strikes OKEx Head of Operations Andy Cheung

The torch has now blazed through 40+ countries The Bitcoin Lightning Torch experiment continues to gain traction with more and more influential figures passing the “torch”. Mimicking the Olympic torch, Hodlonaut, a Norwegian Bitcoiner on Twitter, started this social experiment as something “fun”. But the movement immediately went viralwhen famous people like Twitter CEO Jack Dorsey also engaged in […]

Is Lightning Network the Ultimate Solution to Bitcoin’s Scalability?

A scale-free, low-fee protocol to lift the block limit Imagine going to a coffee shop to buy a coffee with Bitcoin. If you create a transaction on the blockchain to pay for the coffee……you’ll probably end up paying much more on the handling fee than the actual price of the coffee, not to mention the transaction takes forever to […]