Bitcoin News 086: SegWit Activation Progress, Lightning Network Update, and More
SegWit Activation Progress
The Bitcoin community continues to make progress towards activating Segregated Witness (SegWit), a highly anticipated scaling solution. As of August 18, 2017, 68% of mining hashrate has signaled support for SegWit. The activation threshold is 95%, so the community is getting closer to the necessary level.
Lightning Network Update
The Lightning Network, a second-layer scaling technology for Bitcoin, is also making progress. Several companies are currently developing Lightning Network implementations, and the first alpha release is expected soon. The Lightning Network has the potential to significantly increase the capacity and scalability of Bitcoin.
Other News
* Bitcoin price: Bitcoin’s price has been relatively stable over the past few weeks, trading between $2,600 and $2,800.
* New Bitcoin exchange: A new Bitcoin exchange called Kraken has launched in the United States. Kraken is a regulated exchange that offers a variety of trading options.
* Bitcoin ATM expansion: The number of Bitcoin ATMs worldwide continues to grow. There are now over 1,000 Bitcoin ATMs in operation, making it easier for people to buy and sell Bitcoin.
Conclusion
The Bitcoin community is making significant progress on a number of fronts. SegWit activation and the Lightning Network are both promising developments that could help Bitcoin scale to meet the growing demand for the cryptocurrency.
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