“According to Decker, each channel can process about 500 tx per second. With thousands of channels being utilized at once, #Bitcoin could theoretically scale beyond not only any other #cryptocurrency but any other payment method, including VISA.”

“According to Decker, each channel can process about 500 tx per second. With thousands of channels being utilized at once, #Bitcoin could theoretically scale beyond not only any other #cryptocurrency but any other payment method, including VISA.” submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Bitflyer Contests Reports of Insufficient Customer Verification Process (news.bitcoin.com)

Japan’s largest cryptocurrency exchange Bitflyer has contested media reports that the Japanese financial regulator has deemed its user verification process to be insufficient. Nonetheless, the exchange admitted to being in talks with the authority and has implemented additional measures.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto

Bitcoin

Visa CEO: We won't process transactions in bitcoin, because it's not a payment system

Bitcoin, the world's largest cryptocurrency, is not really money and Visa won't touch it, the credit card giant's CEO told CNBC. "I don't view it as payment system player," Alfred Kelly said in an interview recorded on Tuesday at the National Retail Federation conference in New York City. Despite the …
Google Alert – bitcoin

A BLOCKCHAIN-IMPLEMENTED CONTROL METHOD AND SYSTEM FOR CONTROLLING AN EXTERNAL PROCESS OR SYSTEM (patentscope.wipo.int)

The invention provides a computer-implemented method and corresponding system which is implemented using an electronic ledger such as a blockchain. This may or may not be the Bitcoin blockchain. The invention can be used to implement, execute and/or control the performance of a task or process. A method according to the invention comprises the steps of generating a blockchain Transaction which comprises: at least one signed input which comprises a value; and at least one modifiable output….

Bitcoin

Q: When will the Lightning Network be rolled out? A: The rollout has already begun. This is an iterative distributed learning process; it’s unlikely there’ll be a single point in time at which we say LN is “deployed” because it will grow organically. Software is never finished.

Q: When will the Lightning Network be rolled out? A: The rollout has already begun. This is an iterative distributed learning process; it's unlikely there'll be a single point in time at which we say LN is "deployed" because it will grow organically. Software is never finished. submitted by /u/TheGreatMuffin
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Bitcoin – The Currency of the Internet