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Electrum Bitcoin Wallet Enables Support for Lightning Payments

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    Electrum is officially implementing the solution for sending Lightning Network transactions

Cover image via www.123rf.com

Electrum, one of the most popular cryptocurrency wallets, has enabled support for Bitcoin’s Lightning Network. According to the announcement on Twitter, they are now ready to merge a separate branch with their master branch after working on the LN implementation for over a year.    

As reported by U.Today, Electrum’s founder Thomas Voegtlin spilled the beans about this feature back in July. 

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The LN serves as an off-chain scaling solution for the top cryptocurrency that has been struggling to win over retailers due to its slow transactions. 

However, despite allowing faster payments and lower fees, Bitcoin's Layer 2 protocol does have its drawbacks. Recently, a serious security vulnerability has been detected on the network, which would allow bad actors to spend time money in the open channel without notifying the other user. 

 

Will you use the new Electrum feature? Share your opinion on the Lightning Network in the comments! 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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