Lightning Fast Innovation on Bitcoin
How you can leverage the Lightning Network & The best time to start with Ordinals?
While Bitcoin Beach Brazil set a world record for Bitcoin Lightning Network transactions, scalability solutions are still needed for mainstream adoption. This week, we cover Lightning developers proposing a possible solution to this. But that’s not all in Bitcoin builder land, as Ordinals crossed the one million inscription milestone. But which marketplace should you choose to build your Ordinal collection on? Let’s dive in!
Scaling Lightning Transactions
Bitcoin developers have proposed hierarchical channels to boost Lightning Network (LN) scalability. Lightning may overcome its scalability limitations by off-chain resizing of channels.
Several LN developers shared their thoughts on this splicing mechanism, which allows funds in an off-chain LN channel to be spent on-chain (splice-out) or for on-chain funds to be added to an off-chain channel (splice-in).
Joe Hall released the state of the Bitcoin Lightning Network in 2023, with its capacity topping 5,600 $BTC.
Magic Eden takes the number one spot for Ordinal trading volume, followed by Ordinals Wallet and Ordinals Market.
On the 8th of April, the 1,000,000th Ordinal was inscribed. Ordinal activity has already paid out over $4.6M in fees paid to miners.
Magic Eden announced the Magic Eden Launchpad to launch Ordinal collections directly
Rootstock (RSK) welcomes asset-collateralized NFTs as dexFreight Granted USPTO patent
Rootstock launched the RSK blockchain developer course to onboard new blockchain developers.
The BTC Startup hosted Bitcoin Hackathon, with partners Rootstock, Hiro Systems, Stacks Foundation and more, opened submissions.
📆 April 19 (Virtual) - Join the free virtual Building on Bitcoin Summit with speakers like Udi Wertheimer, Gamma Founder Jamil Dhanani, NFT Historian Leonidas and Bitcoin Stamps Creator Mike in Space.
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