Sentences with phrase «bitcoin swap transaction»

After the transaction was executed, Tera issued a press release that the swap «was the first Bitcoin derivative transaction to be executed on a regulated exchange» without disclosing that the Bitcoin swap transaction did not represent actual liquidity.

Continuing its entry into Bitcoin regulation, one week after the Coinflip action, on September 24, 2015, the CFTC again brought and settled charges related to Bitcoin, this time against TeraExchange LLC (Tera), a provisionally registered SEF, for failing to enforce its prohibition on wash trading and prearranged trading.15 At issue was a U.S. dollar — Bitcoin swap transaction from October 2014 between the only two market participants then authorized to trade on Tera.

Not exact matches

A previous Bitcoin Magazine article provides a step - by - step explanation of a simple example where two users agree to swap agreed amounts of BTC and LTC and use the multisig and time lock features available in both Bitcoin and Litecoin basic scripting to synchronize two transactions on two independent blockchains without having to trust each other.It's worth noting that Lightning Network payment channels, now enabled by SegWit, make atomic swaps more powerful and easier to implement, and permit adding support for off - chain swaps.

As such, there would no longer be room for a whole set of Bitcoin features, like time - locked transactions (used for the Lightning Network among other things), atomic swaps (for cross-blockchain interoperability), and more.

Previously, Litecoin creator Charlie Lee proposed the possibility of performing atomic swaps between litecoin and bitcoin upon the integration of the Bitcoin Core development team's transaction malleability and scaling solution Segregated Witness -LSB-...] < br / > The post First - Ever Atomic Cross-Blockchain Swap Between Litecoin and... appeared first on The Bitcoin News — Leading Bitcoin and Crypto News sincbitcoin upon the integration of the Bitcoin Core development team's transaction malleability and scaling solution Segregated Witness -LSB-...] < br / > The post First - Ever Atomic Cross-Blockchain Swap Between Litecoin and... appeared first on The Bitcoin News — Leading Bitcoin and Crypto News sincBitcoin Core development team's transaction malleability and scaling solution Segregated Witness -LSB-...] < br / > The post First - Ever Atomic Cross-Blockchain Swap Between Litecoin and... appeared first on The Bitcoin News — Leading Bitcoin and Crypto News sincBitcoin News — Leading Bitcoin and Crypto News sincBitcoin and Crypto News since 2012.

While this solves transaction speed and bottlenecking issues, including being able to swap Bitcoin for other currencies such as Litecoin, it does mean that those mining Bitcoin will not make as much money processing lower fee driven transactions.

In combination with SegWit, the Lightning Network, as well as atomic swaps, Litecoin could quickly become the currency used for everyday transactions, and Bitcoin more as a store of value.

Hence, the protocol has similar properties to bitcoin tumblers in that it hides the transaction and the corresponding swap.

«Previous atomic swaps that I have done were on - chain, and had the on - chain limitations of slow [transactions] and high transaction fees,» Litecoin creator Charlie Lee told Bitcoin Magazine, referring to an older trick to exchange different types of coins trustlessly.

development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week: ownership of the coins changed hands, while no transaction was recorded on either blockchain.

For example, you can swap from bitcoin to a brace of different altcoins without needing to make multiple transactions.

Litecoin founder Charlie Lee has swapped LTC for BTC in a one - on - one test transaction with a Bitcoin holder.

Such was the case with SegWit, an update that prepped litecoin for the first transactions on the Lightning Network that automatically swapped bitcoin for litecoin to buy a cup of coffee.

Completed in November, the transaction saw litecoin and bitcoin swapped on an off - chain payment channel.