For many, the Lightning Network has been viewed as Bitcoin’s answer to altcoins focused low transaction fees. It has the potential to provide the best of both worlds to cryptocurrency users in terms of payment functionality and liquidity.
There are solid reasons to believe the Lightning Network could completely replace the need for potentially-unsecure altcoins that allow for cheap on-chain transactions, and the first signs of this theory becoming reality have been found at online retailer Bitrefill (see this post for an explanation of the Lightning Network and how it may impact the altcoin market).
Bitrefill is a business that allows their customers to buy gift cards, prepaid phone minutes, and other digital goods with cryptocurrency. More recently, they’ve been helping build the infrastructure around Bitcoin’s Lightning Network.
In a recent appearance on The Bitcoin News Show, Bitrefill’s John Carvalho revealed that the Lightning Network now accounts for more payments to Bitrefill than any of the altcoins they accept.
Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai, a stablecoin pegged to the United States dollar.
Do good work, earn a "badger" - that's the idea behind a new incentive launched by Microsoft and blockchain gaming project Enjin.
Cointelegraph has announced the launch of its Cointelegraph Consulting division, which is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain and then matching them with enterprise vendors to implement solutions.
China's Great Firewall, used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of Ethereum blockchain data.
The Stellar Development Foundation has burned 55 billion of its XLM tokens, over half the cryptocurrency’s supply, CEO Denelle Dixon announced from the stage of the Stellar Meridian conference Monday.