Lightning network is live on Bitcoin mainnet
Technical & Updates
The first implementation of Lightning Network is officially now in beta.
"lnd-0.4 beta is a huge accomplishment by many engineers, testers, and users around the world, but it’s the very beginning for the Lightning Network. As users begin to experiment with Lightning and as the network begins to grow, we’ll be working on a number of key infrastructure components that will contribute to the instant, user-friendly experience Lightning can bring to Bitcoin and other cryptocurrencies."
Today will go down in history as one of the biggest days for Bitcoin scaling.— Ryan Shea (@ryaneshea) March 15, 2018
Lightning going live means the floodgates have opened to bring the network from a measly 5 transactions per second to theoretically infinite levels.https://t.co/4S57B3FEYf
2018 has so far been the best year for #bitcoin.— Armin van Bitcoin ⚡ (@ArminVanBitcoin) March 15, 2018
+ bitcoin core 0.16.0 release
+ surging #segwit adoption
+ lightning on mainnet
+ easy payments via @CashApp
+ mainstream talks ( Ellen, John Oliver )
+ Mt. Gox coins getting distributed
Adoption is not measured in $BTC price. 🚀
Continuing my work with swapping on Lightning. A user-friendly visual swapping tool is in-progress. Soon you will be able to swap or offer swaps with anyone... pic.twitter.com/rnXOCk7Rc2— Alex Bosworth ☇ (@alexbosworth) March 15, 2018
On the same day, Lightning Labs, the company behind the project, annnounced that it has raised $2.5 million in seed funding from Jack Dorsey, David Sacks, Jacqueline Reses of Square, Charlie Lee of Litecoin, Kevin Hartz of Everbrite, Ben Davenport of BitGo, and Vlad Tenev of Robinhood.
"It’s only truly developer friendly at this point. (You have to write command code to use it. Stark says a much friendlier user interface will be available down the road.) Stark also suggests that because the beta version is just being released that people only transact with the amount of money they might carry in their wallet."
Note how strategic @lightning's $2.5M raise was: @Square, @Twitter, @Bitgo, @RobinhoodApp, @Paypal. These alliances will likely bring them much further than had they done a $250M ICO. https://t.co/wMth0r42MN pic.twitter.com/RN7Bd6qDCJ— Tuur Demeester (@TuurDemeester) March 15, 2018
"Decred’s most important project, by far, is its treasury system. Last year, Decred applied voting to unactivated consensus changes in the daemon. Similar to how soft forks get activated in Bitcoin, stakeholders in Decred vote by flipping a version bit in a block header. Once a majority threshold is reached, the new code activates automatically."
Decred project lead Jake Yocom-Piatt discusses 2018 roadmap. Reddit
Storj and Sia have second-layer applications experimenting zero-knowledge file sharing services on them.
Some other news, we are currently finalizing the research phase for our zero-knowledge and encrypted file sharing service on top of @storjproject and @SiaTechHQ . We estimate to begin development before the end of the month. Will bring you more updates as we go along.— Goobox (@GooboxCloud) March 15, 2018
Monero discussion thread on the privacy of Monero on large exchanges with Matthew Green, the lead scientist at ZCash company.
Interested in research on Monero's privacy from the perspective of, for example, a large exchange.— Saleem Rashid (@spudowiar) March 15, 2018
Also, I wonder how feasible it would be to spam the network with transactions to significantly increase your probability of being part of a ring.
News & Commentary
"Today, Abra announced support for 20 cryptocurrencies and 50 fiat currencies in a new version of our mobile app that includes a real-time exchange service across all 70 currencies. Users around the world can now buy, sell or store any of these 70 currencies within the Abra app and exchange between them at any time with no limitations. Abra is now the only all-in-one smartphone app in the world with these capabilities."
Second piece of good news today. @AbraGlobal has chosen to launch its newest product on the Litecoin network after a long and thorough research. Abra lets you invest in all sorts of cryptocurrencies all hedged with smart contracts on Litecoin! 🚀https://t.co/OHHfERHOT8 pic.twitter.com/G51u5PE6uF— Charlie Lee [LTC] (@SatoshiLite) March 15, 2018
"In an interesting twist, the battle ended with the FBI dropping the case after finding a third party who could help. At the time, it was theorized that the third party was Cellebrite. Since then it has become known that Cellebrite— an Israeli company—does provide iPhone unlocking services to law enforcement agencies."
"The attack was a dangerous escalation in international hacking, as faceless enemies demonstrated both the drive and the ability to inflict serious physical damage."
"'Since at least March 2016, Russian government cyber actors ... targeted government entities and multiple U.S. critical infrastructure sectors, including the energy, nuclear, commercial facilities, water, aviation, and critical manufacturing sectors,' according to Thursday's joint alert, issued by the Homeland Security Department and the FBI."
"Even if small companies aren’t creating an outsize share of jobs, don’t we rely on them to power American innovation—to outfox complacent corporations with the kind of irreverent thinking that can only occur while wearing a hoodie? Despite the much-mythologized genius in the garage, the tech revolution owes far more to teams of scientists and engineers working in well-funded corporate labs than to college dropouts tinkering at home."
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