[PRESS RELEASE – Please Read Disclaimer] The Bitcoin Lightning Network is now a reality 1xBit, the crypto sportsbook. Just like its name, it promises to change how Bitcoin transactions work and offer an alternative pathway to betting and crypto transactions.
Here is everything you need to know about the Lightning Bitcoin Network.
Origins of the Bitcoin Lightning Network
Bitcoin may have been a miracle that came out of nowhere and outlived a host of naysayers. Still, the crypto project was not without problems, especially regarding scalability and fast transactions.
While Bitcoin was the first cryptocurrency, it took a lot of time and money to send Bitcoin from one person to another. This was why in 2015, two researchers, Thaddeus Dryja and Joseph Poon, proposed the idea of the Bitcoin Lightning Network with inspiration from Satoshi Nakamoto. Dryja and Poon were able to publish a whitepaper titled “The Bitcoin Lightning Network” and, in 2016, also founded Lightning Labs, the comp

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