Bitcoin transaction fees hit decade lows, here’s why

It’s a great time to move Bitcoin (BTC) between wallets and exchanges. Bitcoin transaction fees have hit all-time lows in BTC, according to research by Galaxy Digital.  #bitcoin fees are at all-time lows. the craziest thing? fall 2021 was the first bull run not accompanied by a major spike in fees. how is that possible? what does it mean? here’s a thread explaining the most confounding (and awesome) chart in bitcoin. (remember june 2021) pic.twitter.com/gnWssTckX2 — Alex Thorn (@intangiblecoins) April 5, 2022 As shown on the graph below, the Bitcoin…

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Is The Bitcoin Lightning Network Centralized?

[ad_1] Bitcoin custody provider Casa held its annual Keyfest conference this month, and with it came many conversations around Bitcoin privacy, security and the Lightning Network. And one very important question was raised in the Q&A portion of the first session of the second day, “Lightning Network And Privacy,” hosted by Casa’s Andrew Yang, Impervious Developer Anthony Ronning, Surebit Software Engineer Nadav Kohen and Blockstream Lightning Protocol Developer Lisa Neigut: “Is the Lightning Network centralized?” This is a very important question for a plethora of reasons, but one massive reason…

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Instant Bitcoin: My First 30 Days On Lightning

[ad_1] This is a journal of my experience with Lightning that will be useful to any newcomers to Bitcoin or Lightning. As a disclaimer, there are many more ways to do things than I have shown here. There are a range of products and solutions for getting started, some more complicated than others. While there are certain standards and best practices for using Bitcoin and Lightning, the only way to get better is to jump in wherever you feel comfortable and learn a lot as you go. Before diving in,…

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The Bitcoin Lightning Network Is Creating Efficiency For Traders

[ad_1] The below is a direct excerpt of Marty’s Bent Issue #1130: “The Lightning Network is creating efficiency for traders.” Sign up for the newsletter here. via Kollider Here’s a great blog post from the team behind Kollider, an exchange that allows traders to trade bitcoin using leverage. In it, they dive into the typical needs and workflow of margin traders who have positions on multiple exchanges at the same time, how they operate natively with on-chain bitcoin transactions and how using the Lightning Network changes those operations and makes…

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NYDIG Acquires Bitcoin Lightning Payments App Bottlepay

[ad_1] NYDIG has acquired Lightning Network payments app Bottlepay to integrate the Bitcoin second-layer to its platform. “We believe that the next chapter of Bitcoin will be about Bitcoin – big B – the network,” NYDIG said. The financial terms of the deal were not disclosed. Bitcoin-focused financial services firm NYDIG announced the acquisition of payments app Bottlepay, which leverages the Bitcoin Lightning Network to make small and frequent payments feasible for businesses and consumers in Europe. The deal’s financial terms were not disclosed. “We believe that the next chapter…

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How To Set Up Watchtower Lightning Node

[ad_1] The Lightning Network is a trustless* Layer 2 network for Bitcoin and brings forth many improvements in speed and cost of final settlement. I use an asterisk on trustless because although it is, there are a few caveats to take into consideration so that your funds are safe, aside from normal hot wallet risks. Watchtowers, which we’ll cover today, ensure that your funds are safe from malicious channel closures, which is one of the main risks of running a well-capitalized Lightning node. Lightning channels are currently constructed through setting…

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Building Business Solutions Using The Lightning Network

[ad_1] Watch This Episode on YouTube Watch/Listen To This Episode: [0:00:07.7] P: Tim, I appreciate you jumping in on such short notice. You are the creator of LNPay.co, which is, in my view, a herald of the future, where we will have more and more, the surprises. No one, of course, that I’m saying this, but we’re going to have more and more businesses and infrastructure built out on top of the Lightning Network. For the audience, of course, we’ve got Bitcoin, which is layer one technology, sound money, it’s extremely…

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Lightning Network Devs Discuss the Future of Sovereign Computing

[ad_1] Watch On YouTube Listen: Lightning Network channel capacity is increasing rapidly, reaching a new all-time high of over 2,900 bitcoin recently. But there is a whole lot that goes into running a node on the Lightning Network, with many different techniques and ways to optimize. In a recent Twitter Spaces conversation hosted by Bitcoin Magazine, Lightning Network developer Thomas Jestopher described how rebalancing is a big part of managing a Lightning node and routing payments. Specifically, he described his technique for circular rebalancing. “I tend to describe circular rebalancing…

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Four Tips Run Profitable Lightning Node

[ad_1] 10 weeks ago, I joined the Lightning Network barely knowing how to open a channel. Last week I became a profitable Lightning Network routing node. Here’s some tips on the ultimate strategy game for LN node operators from one Bitcoin pleb to another. Running a node is more of an art because each individual channel needs its own unique care and attention. It’s kind of like having a tamagotchi that needs to constantly be taken care of. Between analyzing traffic flow, fees, which channels to open and close, and…

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