. The Lightning Network Archives

daniel October 21, 2019October 21, 2019 . The Lightning Network, Einsteinium (EMC2), Einsteinium the Cryptocurrency for Philanthropy, Einsteinium’s Proposed AI could be worth a lot of Money, Is Einsteinium Scalable and Fast?, MIL Coin, MIL Coin AI, Potential Commercial Applications for Einsteinium, What Value Does Einsteinium Have?

Einsteinium the Cryptocurrency for Philanthropy

Notably, the Einsteinium Foundation hopes to build an artificial intelligence (AI) into the MIL Coin. The white paper claims the AI could award the Einsteinium Foundation’s science grants. In fact, the white-paper claims the AI could verify the grant applicants and their projects.

Cryptocurrency

daniel August 29, 2019August 29, 2019 . The Lightning Network, Cryptocurrencies are not Scalable, EOS (EOS), Project Libra, scalability, Scalability is the Key to Cryptocurrency Profitability and Commercialization, scalable cryptocurrency, The Raiden Network Token, ThunderCore, What is the Best Cryptocurrency Scalable Solution?, What Value does Scalability have in Cryptocurrencies?, Why Cryptocurrency Needs Scalability

What Value does Scalability have in Cryptocurrencies?

Importantly, the EOS Network Monitor estimates EOS’s maximum TPS at 3,996. However, The Monitor estimates EOS was processing between 54 TPS and 62 TPS on 29 August 2019.

Cryptocurrency

daniel November 26, 2018 . The Lightning Network, Bitcoin (BTC) or Decred (DCR), Decred (DCR), Decred (DCR) Harnesses the Lightning Network, Decred (DCR) is a Theoretical Cryptocurrency, Decred (DCR) joins the Lightning Network, How is Decred (DCR) supposed to work?, So what is Decred (DCR) Anyway?, What Value does Decred (DCR) have?

What Value does Decred (DCR) have?

Sidechains are less-encrypted digital pathways that act as shortcuts around the blockchain. The Lightning Network protocol adds layers of sidechains to Bitcoin. Sidechains speed up the transaction process because they have a greater capacity and higher speed than blockchains.
For example, the Lightning Network’s builders claim it can process 333 Bitcoin transactions a second. Hence, an application built with Lightning could process up to 333 Bitcoin payments a second without crashing.
The Lightning Network contains larger numbers of nodes designed to move large volumes of Bitcoin. Notably, the Lightning Network claimed to have over 4,000 nodes in operation on 19 November 2018.
Moreover, the Lighting Network is adding solutions like the Liquid Network sidechain. The Liquid Network is a sidechain designed for large organizations such as businesses, banks, and cryptocurrency Exchanges.
The Lightning Network is even offering a plug-in for Microsoft (NYSE: MSFT) Excel. This plug-in could encourage Bitcoin (BTC) use because Excel is one of the world’s most popular accounting solutions. 500 million people worldwide reportedly use Excel, The Irish Tech Times claims.

Cryptocurrency

daniel March 5, 2018March 6, 2018 . The Lightning Network, coauthor of the Lightning Network’s whitepaper, Has Buterin Admitted Smart Contracts are Not Smart?, high-volume payment processing solution for Bitcoin., Joseph Poon, new Ethereum scalability solution, Raiden Network Alternative, Scalable Autonomous Smart Contracts., Vitalik Buterin, Vitalik Buterin plans Raiden Network Alternative

Vitalik Buterin plans Raiden Network Alternative

It sounds as if Buterin has admitted that smart contracts are not very smart, or very useful in the real world. The existence of Plasma indicates that Poon and Buterin believe that a lot of work needs to be done before Smart Contracts are ready for mass use.

The hope behind Plasma is to increase the scalability and speed of Ethereum smart contracts. Like Bitcoin, Ethereum has a serious scalability problem, currently a block of Ethereum can only execute around 20 transactions a second; or 1,200 transactions a minute. That makes it impractical for large-scale commercial applications.