Crypto News | Lightning Network too popular?

Lightning Network, a possible solution to the Bitcoin’s scalability problem, has encountered an unexpected problem. Even though the whole thing is still deep in its development phase, some people have already started using it for transferring real bitcoins instead of sticking just to the testnet. This happened after Blockstream, one of the network’s developers, launched an online store dedicated exclusively to Lightning. This threatens to overload the team working on developing the technology, but the good thing is that many bugs have already been detected and removed because of that. Opinions on this are divided. It will be very interesting to see how things develop from this point on because Lightning Network has generated a lot of hype in the community. Not only does it promise to resolve the scalability issues, but it also promises significantly reduced fees. If you’re a Bitcoin trader, this is something you definitely want to keep your eye on. We will do so too and keep you informed on any new developments, so make sure you come back to our website regularly. 

And now for our second story today. World Economic Forum in the Swiss town of Davos is under way, and one of the main topics discussed among the global elite are cryptocurrencies. IMF, US and UK have all expressed a desire to make this type of trading safer for  everyone, but Emmanuel Macron, the president of France, went one step further and suggested international regulation. “Global contract for global investment” is what Macron is talking about, but it remains to be seen whether there will be any developments in that direction. And while global leader are still pretty cautious when it comes to cryptocurrencies, blockchain technology has been praised a lot in Davos by pretty much everyone. It is widely expected that this technology will soon become a vital part of the economy. With all of that in mind, traders should keep following the Forum for more interesting info. We will do so too and keep you apprised of any new developments, so make sure you come back to our website regularly. 



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Author: Max Rothstein

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