Sentences with phrase «lightning labs»

This ultimately meant that Litecoin was able to act as a testbed for both the implementation of SegWit itself and also actually running the Lightning Network code which was originally written for Bitcoin by Lightning Labs but could be implemented on Litecoin as the coin is essentially a fork of Bitcoin.

The Lightning Network has officially been declared ready for mainnet usage as Lightning Labs has released the first beta version...

At the same time, Lightning Labs, a company devoted to promoting bitcoin's Lightning Network, recently conducted its first off - chain atomic swap on its test blockchain.

With backing from computer giant Microsoft as well as some of the Bitcoin industry's best - known names, it was with little surprise that Lightning Labs also revealed participants in its new funding round included Twitter CEO, Jack Dorsey, and Litecoin creator Charlie Lee, with lnd likewise supporting Litecoin.

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It was also revealed that Lightning Labs has raised USD 2.5 million from nearly a dozen investors, many of them big names in the industry such as Litecoin creator Charlie Lee; BitGo CTO Ben Davenport; Square and Twitter CEO Jack Dorsey; former PayPal COO and Yammer founder David Sacks; Tesla and SpaceX angel investor Bill Lee; head of Square Capital and Square's People Lead Jacqueline Reses; Eventbrite co-founder Kevin Hartz; Robinhood co-founder Vlad Tenev; and The Hive, Digital Currency Group and others.

Which is why some, like Lightning Labs CEO Elizabeth Stark, are less optimistic about cross-blockchain atomic swaps.

It feels like we're right on the edge of mass cryptocurrency adoption,» Elizabeth Stark, Lightning Labs CEO, told Bloomberg.

Announced today, California startup Lightning Labs has officially launched a beta...

Known as the «silver to bitcoin's gold,» it's perhaps not a surprise that Litecoin is one of the furthest along, working closely with startup Lightning Labs to launch its version at the same time as Bitcoin's.

California - based Lightning Labs is building a scaling solution with faster and easier payment methods for purchases like coffee and news articles.

On March 15, 2018, Lightning Labs announced the Bitcoin mainnet beta release of of Lightning Network lnd 0.4.

In interview, Osuntokun revealed to CoinDesk that Lightning Labs is working on an «initial» watchtower implementation, whereby the role of watching a channel for fraud would be outsourced to certain entities.

Many of the investors praised Lightning Labs for successfully achieving this milestone with Ben Davenport, CTO at the blockchain security company BitGo, saying Coindesk: «It's something the entire community has been focused on and working towards for the better part of two years now.

Lightning Labs CTO Olaoluwa Osuntokun has told people not to use LN on mainnet and the company's co-founder Elizabeth Stark has also cautioned people who were testing LN on mainnet.

Three separate labs, ACINQ, Blockstream, and Lightning Labs, are independently working feverishly towards building a working network, and mainstream adoption is well underway.

Among the first to see development is this «watchtower» concept, which is being spearheaded in part by Olaoluwa «Laolu» Osuntokun, the co-founder of startup Lightning Labs (one of several working on the technology) and one of the nascent network's more respected developers,

Lightning Labs co-founder and CEO Elizabeth Stark said that the latest release is only developer - friendly at this point in time.

That said, the LN developer, Lightning Labs, clearly has a fundamentally valuable, applicable product as big players like Charlie Lee, the Litecoin founder, and Twitter CEO Jack Dorsey contributed to a $ 2.5 million investment in the network.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Lightning Labs.

The announcement comes days after the first Lightning software for real bitcoin transactions was released by startup Lightning Labs.

Elizabeth Stark, the CEO of Lightning Labs, which is developing a Lightning implementation, is one of the notable members of the technology's movement that is worried users could lose money transaction on the network, and that such issues could hold back development.

As a fork of Bitcoin, Decred has enough in common with the top cryptocurrency to implement LN — specifically Lightning Labs» lnd version.

It is just last week that Lightning Labs has released the first version of the mainnet - ready Lightning network.

What do you think about Lightning Labs» first Bitcoin mainnet beta?

In the blog post, Lightning Labs also said it secured $ 2.5 million in funding from major investors that include Twitter CEO Jeff Dorsey, Tesla investor Bill Lee and Jacqueline Reses of Square Capital.

Lightning Labs would spearhead development on lnd, an implementation of Lightning in Google's Go programming language (also known as «golang»).

Past visiting residents at Blockchainlab include Lightning Labs co-founders Elizabeth Stark, Olaoluwa Osuntokun and Joseph Poon, Monero core developer Riccardo Spagni, and Blockstack cofounder Ryan Shea, just to name a few.

And in December, development teams from Blockstream, Lightning Labs and ACINQ announced that they had performed successful interoperability tests.

«The primary advantages over previous solutions are speed, cost and privacy,» Lightning Labs developer Conner Fromknecht told Bitcoin Magazine.

On the positive side, we discuss the first live beta implentation of Lightning by Lightning Labs.

Lightning Labs, for instance, benefits from cooperation with developers like Mallers and Ou, who aren't on Stark's payroll.

Meanwhile, in a recent blog post, Lightning Labs developer Olaoluwa Osuntokun, who is working on an implementation of Lightning for Go called lnd (stands for Lightning Network Daemon), suggested that upcoming releases of lnd would be «multi-chain aware».

The release comes after a yearlong consultation with thousands of developers and volunteers, who assisted Lightning Labs in testing the new protocol.

That's why Lightning Labs CEO Elizabeth Stark told CoinDesk that her team strives to make the technology collaborative yet distinct from any company, including her namesake startup, adding: «The Lightning Network specification is open and anyone can build a compatible implementation.»

While still all in an experimental setting, the test was successful; Lightning Labs today published a blog post and a video detailing the results.

The CEO of Lightning Labs — the foundation that released the Lightning Network Daemon (LND) upgrade — explains it more aptly in these words: «If bitcoin is like a decentralized savings account, Lightning is a decentralized checking account where users can send money instantly.»

With backing from computer giant Microsoft as well as some of the Bitcoin industry's best - known names, it was with little surprise that Lightning Labs also revealed participants in its new funding round included Twitter CEO, Jack Dorsey, Tesla and SpaceX angel investor Bill Lee, Robinhood co-founder Vlad Tenev, and Litecoin creator Charlie Lee, with lnd likewise supporting Litecoin.

Midway through March 2018, Lightning Labs» lnd was the first Lightning implementation to be released in beta.

«This release is also the first release of lnd that has an option to run on Bitcoin's mainnet, with the necessary safety, security, and fault - tolerance features required for real - world, real money usage,» Lightning Labs wrote in an accompanying blog post.

In a Thursday blog post, blockchain startup Lightning Labs announced the beta release of the Lightning Network Daemon (LND), a new software that can be used to access bitcoin's Lightning Network.

For a more in - depth technical explanation of these kinds of atomic swaps, see our previous article «Atomic Scaps: How the Lightning Network Extends to Altcoins» or the blog post and video published by Lightning Labs today.

A little later, in November, Lightning Labs made its first Lightning transaction across blockchains: from Bitcoin to Litecoin.

With that, the Lightning Network itself had «officially» entered into its «alpha stage»: developers from around the world were, for the first time, invited to experiment with the technology, while Lightning Labs would continue to help test and improve the code.

«The Litecoin team is excited to work with Lightning Labs to explore the true potential of instant cross-chain atomic swaps,» he concluded.

While still all in an experimental setting, the test was successful; Lightning Labs today published a

As for companies like Lightning Labs and Blockstream, they have an economic incentive to avoid becoming legacy middlemen providers.

In this way, MIT researcher Thaddeus Dryja, co-author of the original Lightning Network white paper and the former CTO of Lightning Labs, believes the network will avoid corporate centralization overall because of its design, which doesn't require expensive or specialized hardware.

Because the soft fork had not yet activated on Bitcoin at that time, Lightning Labs

These companies currently offer their services for free, even though they are venture - backed — Lightning Labs recently secured $ 2.5 million and Blockstream has raised $ 80 million so far — and as such, it's believed they'll eventually need to find a way to generate profits.