STK Global Payments Announces Alex Tapscott as Newest Advisor

STK Global Payments announced that Alex Tapscott will join the STK Advisory Board, providing strategic direction on the development and implementation of the STK token. STK is holding a Token Generation Event from November 13-24, 2017. A pre-sale will run from October 30-November 13, 2017. Built on the Ethereum blockchain as an ERC20 token, the … Continue reading STK Global Payments Announces Alex Tapscott as Newest Advisor

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Inspector General Tells the US Mint not to Ignore Bitcoin any Longer

Cryptocurrencies have a great impact on the financial sector. Even though most banks will ignore this technology for some time, […]

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If Bitcoin is Ponzi, So is Society: Analyst Criticizes Brazilian Central Bank President

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What Lightning Will Look Like: Lightning Labs Has Announced Its User Interface Wallet

What Lightning Will Look Like: Lightning Labs Has Announced Its User Interface Wallet

Development of the lightning network, the lightning networkthe highly-anticipated second-layer Bitcoin protocol for instant microtransactions, continues to inch forward.

Lightning Labs, major contributor to the lightning network daemon, lnd, announced its cross-platform Lightning Desktop App last week. The open-source lightning wallet is essentially a user interface (UI) built on top of lnd and powered by Lightning Labs' new open-source Bitcoin light client, Neutrino.

"This is the first functioning user interface for both sending and receiving lightning transactions with a light client mode," Lightning Labs CEO Elizabeth Stark told Bitcoin Magazine.

The lightning network is currently being developed by several teams working on different but interoperable implementations of the protocol. Several of these implementations are functional, though only on Bitcoin's test network ("testnet"): a sort of copy of the Bitcoin network with valueless coins specifically designed for testing new applications and more.

But, while there are already several lightning daemons available for testnet, most are only usable via command line tools. Developers Olaoluwa Osuntokun, Bryan Vu and Case Sandberg collaborated to now extend lnd with the new Lightning Desktop App to provide a user interface.

"I think the big takeaway is being able to visualize this technology and see what an early UI might look like," said Stark. "It's one thing to be using the command line, as our lnd testers and developers have been, but it's another to be able to download the app. Being able to see this kind of progress is important."

As part of the announcement, Lightning Labs also introduced Neutrino, the new open-source Bitcoin implementation that powers the Lightning Desktop App. As a main benefit, Neutrino users don't need to download the entire Bitcoin blockchain, which is currently over 140 gigabytes in size. This makes the desktop app much more accessible to regular users who transact small amounts, for which the lightning network is particularly suited. And because Neutrino uses a new method of transaction filtering (client side instead of bloom filters), it offers more privacy than most light clients, too.

The release of the new Lightning Desktop App kicks off a two-week "testing blitz," as the company described it in their accompanying blog post. Developers are invited to experiment with the desktop app itself, as well as with Neutrino. Further, it makes it much easier for anyone to play around with lnd and the lightning network itself.

"The really cool thing about having our desktop app out there is now there's an easy way for people to interact with all of the apps that developers are building on Lightning, such as Yalls," said Stark.

After the two-week testing period, the implementation will enter a regular release cycle. Releasing the wallet for Bitcoin mainnet, however, could take a while longer still, Stark explained:

"We're working toward testing and making the software more stable before releasing a beta. This is financial software and its a protocol dealing with money, so we want to ensure people can have a good user experience."

There is no specific deadline for the beta release, but Stark added that, "The next step is for us to gather feedback from testers and develop it further, along with improvements in lnd and Neutrino."

The open-source Lightning Desktop App code is available on GitHub.

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Play2Live – The World’s First Decentralized Streaming Platform for Gamers and ESports Fans

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Cryptocurrency Platform for P2P Banking Services Nebeus Goes on the ICO

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HydroMiner Token Sale Started, Raised More Than Presale in 30 Minutes

HydroMiner, the Austrian eco-friendly mining company, started its token-sale just today (18th of October) and has raised more than 1874 Ether (~$562.200) in the first few hours. It even broke its pre-sale record of a 36 min sell out in less time. What is HydroMiner? HydroMiner is a mining operation founded by Nadine and Nicole … Continue reading HydroMiner Token Sale Started, Raised More Than Presale in 30 Minutes

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DASH/USD and LTC/USD Technical Analysis October 19th, 2017

DASH/USD DASH fell significantly during the day on Wednesday, reaching down towards the $282.50 level. We did bounce slightly towards the end of the day but we are already starting to continue the downward pressure. Because of this, DASH looks likely to continue the downward move, perhaps reaching to the $280 level next, where we … Continue reading DASH/USD and LTC/USD Technical Analysis October 19th, 2017

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ETH/USD and ETH/BTC Technical Analysis October 19th, 2017

ETH/USD Ethereum fell again on Wednesday, as we continued to drift lower. We are below the $300 level, and I think that is somewhat significant, but I believe it's only a matter of time before the buyers come back. The $300 level of course is a large, round, psychologically significant number, so it's possible that … Continue reading ETH/USD and ETH/BTC Technical Analysis October 19th, 2017

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