Sometimes, actually most of the time, it is difficult to distinguish between actual news and trolls in crypto. And so we have Flashbots, a startup that claims to remove the “negative impacts” of Ethereum’s controversial Maximal Extractable Value (MEV) practice, announcing a raise of $60 million at a billion dollar valuation. According to the startup,… Read More Notes 7/29: MEV Funding, Lightning Problems, and Tether Market Cap
The crisis of congestion in bitcoin’s network shows no signs of abating. The average fee to conduct bitcoin transactions reached $19.20 yesterday. While those fees are funding miner profits, bitcoin traders are left holding the bag. As of this writing, the cryptocurrency’s price is $27,962, down almost 4% in the last 24 hours. It has… Read More Notes 5/8: Bitcoin’s Evolution
Lightning Labs has launched a beta version of the first tested version of its software for Lightning Network, the technology which is expected to solve bitcoin’s scaling problems. The software is called LND and uses bitcoin and litecoin currently. Lightning Network decreases transaction costs and increases their speeds by making it possible to open channels… Read More First Version Of Lightning Labs Software Released