The blockchain development company Blockstream is in the latest crypto news for releasing a new version of its Bitcoin (BTC) scalability software named ‘C-lighting’ according to an official blog post published on March 1st.
C-lighting comes as an implementation solution of the off-chain Bitcoin scalability solution – the Lighting Network (LN). It is written on the C programming language and the latest improvement is the first major release in 8 months, bringing performance enhancements, bug fixes, augmented privacy as well as many new features.
The main feature, according to experts, is plugin support which allows developers to extend the capabilities of the software through the plugins written in any programming language. With this, the developers hope that they will contribute to the flexibility, extensibility and customizability of the LN implementatinon.
The co-founder and CEO of Blockstream, Adam Back, last week talked at the LN-based Lighting Torch Bitcoin relay, where he passed the Torch on to the former PayPal COO and early Blockstream supporter – Reid Hoffman.
According to some data provided by statistics websites, the capacity of the Bitcoin Lighting Network has surpassed $2 million in December 2018. On top of that, there are more and more new releases of tools for merchants and developers in a bid to drive wider adoption of the Lighting Network solution.
Bitcoin Whitepaper Copyright Registration Filed By Craig Wright
‘’U.S. copyright registration no. TXu 2-136-996, effective date April 11, 2019, for the paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System, with year of completion 2008. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto.’’ ‘’U.S. copyright registration no. TX-8-708-058, effective date April 13, 2019, for computer program entitled Bitcoin, with year of completion 2009 and date of first publication January 3, 2009. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto. Wright wrote most of version 0.1 of the Bitcoin client software, and the registration covers the portions he authored.’’However, according to the executive director of Coincenter Jerry Brito, anyone can register a copyright claim. This does not prove the ownership by the US Copyright Office itself. The registration is just a formality. The CO does not look into the validity of the claim but they simply register it. Unfortunately, there is no way to challenge that registration since the Office will just register each one. Many in the community believe that Wright is not the real creator of Bitcoin. Some of the largest industry players have called him a fraud and gave him the nickname ‘’Faketoshi.’’ Wright launched a series of lawsuits as reported in our altcoin news against all of those who called him a fraud. The copyright registration will be the new weapon for Wright to support his claim to the name Satoshi.
Most Altcoins Report Moderate Gains, Bitcoin Reaches $8,000
Teen Bitcoin Millionaire: BTC Will Die If 4 Major Issues Are Not Solved
‘’It’s facing four big problems. One, its high transaction fees. Two, it takes a long time you know to kind of send anything. And then three, the people that are trying to solve those problems… it’s fragmented, it’s cultish, it’s really kind of a lot of group in-fighting. And I think the fourth one is it’s really hard to get into bitcoin. It’s really not easy.’’Even before the interview, the teen bitcoin millionaire outlined the problems of the currency on social media. He first purchased bitcoin at the age of 12 after his grandmother gave him $1,000. Over the years, he was trading cryptocurrencies and now has about 457 bitcoins which is nearly $3.6 million. Finman also pointed out that the future for bitcoin as a leading cryptocurrency is not guaranteed. Bitcoin is ‘’facing a lot of stiff competition and I think it really has to respond to that.’’ Erik also revisited his statement which was deemed as extremely controversial in 2018 when he pointed out that the ‘’long-term bitcoin is dead.’’ He defended the statement saying that the cryptocurrency needs to have one or two more bull runs in order to be set for the better future. As reported in the altcoin news last week during the MarketWatch, Finman raised his concerns about Bitcoin. He even stated that Litecoin was also afflicted since the altcoin decreased over 95 percent since its record high. Despite his pessimistic view, Finman is bullish on blockchain technology as well. He added that anyone who failed to become a billionaire by investing in crypto or in blockchain, in ten years from now they would have themselves to blame. Among the top cryptocurrencies that Finman believes have the best chances of success include ZCash and Ethereum. He praised Bitcoin Cash’s technology but he says the altcoin is poorly marketed.
Crypto Startups Should Go All-In On Blockchain: Expert Opinon
“So why should you as an entrepreneur or investor care more about blockchain than Bitcoin? Bitcoin is still a speculation on a future crypto currency that the world may not yet adopt. Maybe in the future, maybe not. But blockchain is a serious technology that can provide a variety of solutions. Imagine you are an automotive manufacturer and you have a product quality problem. Rather than recall thousands or millions of cars, you can simply recall the cars whose part is potentially defective based on blockchain identification and tracking.”The areas that the crypto startups should follow include digital rights management, tokenizing other assets, customer rewards programs and digitizing real estate. Of course, there are more uses cases for blockchain technology but he believes those are the most important areas. Schroeder focuses mostly on those because he believes they have the most potential. Following the reports in the best cryptocurrency news sites, a huge number of companies are tackling digital rights management via blockchain. For example, BitTorrent’s cryptocurrency is one example of how to handle that. The holders of the coin will be able to use it to purchase content directly from its creator. Schroeder makes a valid point that people are too close to cryptocurrencies and usually get burned. This is why he stated:
“In the 1800’s it was not always the gold miners who thrived. But the people who sold picks and shovels did. In the early days of the internet, it was not the multitude of startups that were rewarded. Most failed. But the builders of web infrastructure and internet technology thrived. Don’t confuse the adoption of Bitcoin as a digital currency with the enormous potential for blockchain technology.”
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