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Bitcoin Tips Now Available on Twitter via Lightning Network

Bitcoin tips now available on twitter via lightning network

Bitcoin Tips Now Available on Twitter via Lightning Network

Bitcoin tips now available on twitter via lightning network

A new Chrome and Firefox browser extension is has enabled bitcoin (BTC) tipping on Twitter via the Lightning Network. 


Tippin.me uses bitcoin’s second-layer scaling solution, the Lightning Network, to make tipping almost instantaneous and with incredibly low fees of fractions of a cent.

The project was created by Sergio Abril and is still in development. However, Tippin.me’s state is already functional. Installation of the browser extension allows users to see a new tipping button Twitter tweets — opening the door to a future where the Lightning Network may facilitate tipping across a wide variety of social platforms. Explains Dan Rusnac in a post on Medium:

Not only the Twitter experience completely changes but it also open limitless future scenarios: an internet where, thanks to this extension/s, you can tip people on all socials (it can be for a tweet, for an article, for a video, for a comment, etc.), thus creating a new way to raise money by content creators without the need of a central agency and without the need of creating a new social platform and economic system from scratch!

Setting up Tippin.me is relatively simple. Users simply need to login to the web-app via their Twitter accounts to set up a custodial wallet for BTC on the Lightning Network. This wallet is where received tips may be stored and managed.

In its current form, Tippin.me is not limited to Twitter. Users may also place a web button on personal websites or blogs to receive tips in a similar fashion.

If you want to be a tipper, you must first set up a Lightning Wallet. Once a reliable wallet has been chosen, it must be funded with a relatively small amount of BTC — such as $5 or $10. Next, a payment channel must be opened with Tippin.me, after which users may tip until their hearts’ are content (or until they run out of funds).

What do you think of Tippin.me and the future for bitcoin (BTC) payments across the Lightning Network? Let us know your thoughts in the comments below!


Images courtesy of Shutterstock, Twitter.

Published at Tue, 19 Feb 2019 13:00:40 +0000

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One Week Into SegWit, Hardware Wallets Lead the Pack in Slow-But-Sure Roll Out

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After a years-long development process and even more debate and political struggle, Segregated Witness finally activated on the bitcoin network last week. The protocol upgrade introduced a number of benefits which can enable more advanced second-layer protocols. It also offers a block size limit increase for wallets that utilize the new feature, meaning users can enjoy lower fees and faster confirmation times.

One week in, Segregated Witness has been implemented in several wallets, though overall adoption is off to a bit of a slow start. While many wallets and services indicated prior to the activation that they would be ready for the upgrade, many are taking a bit of a conservative approach when it comes to main-net release, while others have since faced unrelated difficulties that demanded their attention.

So far, hardware wallets are among the first to have jumped on the new opportunity. Both Trezor and Ledger have fully implemented and enabled Segregated Witness. This is not very surprising: Hardware wallets stand to benefit from SegWit more than most wallets, as it helps to significantly speedup the signing process.

“But we mostly implemented Segregated Witness to help the network first,” Ledger CTO Nicolas Bacca told bitcoin Magazine. “The more Segregated Witness transactions are used, the more space there is for everybody. In a way we’re also doing our part to disarm the 2x part of the SegWit2x hard fork.”

Another hardware wallet provider, Digital Bitbox, also implemented Segregated Witness in its firmware, cofounder and bitcoin Core contributor Jonas Schnelli told bitcoin Magazine, but it still requires a compatible desktop app to utilize the feature. This is a work in progress.

Full node wallets like bitcoin Core are also in the process of implementing Segregated Witness. But bitcoin Core developers decided to not include the feature straight away in order to avoid edge-case attacks that become harder to execute as time passes. bitcoin Core will instead release a new version of the software, 0.15.1; this could take another month or two before it’s available.

As for regular wallets, it seems that Blockstream’s GreenAddress could well be the first to offer the feature.

“It’s days away,” GreenAddress developer Lawrence Nahum told bitcoin Magazine. “We were ready a while back; however, during testing we found that fees were a bit higher in one of our wallets. That’s because some software libraries available now weren’t available when we implemented SegWit. At this point it’s mostly a matter of more testing.”

Most other wallets are also in various stages of implementing the feature, but for various reasons haven’t gotten to the point of release quite yet. In some cases, like BitGo and BTC.com, this had to do with the prioritization of integrating bitcoin Cash into their service; the new cryptocurrency launched unexpectedly only a couple of weeks ago. Similarly, Mycelium told bitcoin Magazine it has been implementing new features which diverted some time and attention away from SegWit.

Other popular wallets, including Bitcoin Wallet (also known as Schildbach’s bitcoin Wallet), Breadwallet, Electrum, mSIGNA, as well as webwallet Xapo confirmed that they are implementing SegWit, and all told bitcoin Magazine that they expect this should be available soon — though none gave a specific timeframe for it.

The post One Week Into SegWit, Hardware Wallets Lead the Pack in Slow-But-Sure Roll Out appeared first on Bitcoin Magazine.