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Tag: Olaoluwa Osuntokun

Segregated Witness (SegWit) and the Lightning Network have often been associated with each other because SegWit would enable an improved version of the Lightning Network to exist on Bitcoin; however, the enhancements SegWit brings to the Lightning Network are not entirely clear to many Bitcoin users. During the Q&A...
Note: This is part three of a three-part series on TumbleBit. You can read part two here or start from part one here. After TumbleBit was first announced as a new privacy enhancement for Bitcoin, powered by payment channels, the first question on many people’s minds was whether or not...
Bitcoin’s saving grace for scalability (at least in the eyes of the vast majority of Bitcoin Core contributors) should be ready for use this summer. The Lightning Network, which is a generalized network of payment channels that enables instant bitcoin transactions with practically no fees, could be live as soon...
Although the Lightning Network has the potential to help Bitcoin scale to millions of new users, the scheme powered by payment channels has become a controversial topic of conversation in the community. Some would rather see an immediate increase in the block size limit, but the developers behind Bitcoin...