Tag: Lightning Network

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.

Continue reading “On Lightning Network (I): A Demonstration in Solidity”

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 carrying the torch. Now passed through over 200 torchbearers, the lightning torch has struck our Head of Operations, Andy Cheung.

Continue reading “Bitcoin Lightning Torch Strikes OKEx Head of Operations Andy Cheung”

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 complete.

Continue reading “Is Lightning Network the Ultimate Solution to Bitcoin’s Scalability?”