Bitcoin development firm, Blockstream, has announced the newest version of Bitcoin’s Lightning Network (LN), called c-lightning 0.7.
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The latest version is the first substantial release for the LN in eight months.
and brings new privacy functions, performance enhancements, bug fixes, and improved documentation.
Blockstream co-founder and CEO Adam Back participated in the LN Torch relay, passing the torch on to Reid Hoffman, former PayPal COO and one of the first Blockstream supporters.
In January, blockchain startup Bitfury released several new products in an effort to on board merchants and inspire developers to grow LN adoption globally.
According to BitcoinVisuals.com, the Bitcoin LN has surpassed $2.8 million from all lightning nodes.
In December, cryptocurrency startup company, TenX, tested a product allowing for cross-blockchain interoperability to exchange Ethereum’s ERC-20 tokens for BTC utilizing the LN.