NiceHash enhances its miner payout system by integrating efficient Lightning Network, processing thousands of transactions weekly
has recently updated the way it pays miners. Now, it implemented the Lightning Network, which has made over 1,800 payments to miners every week more efficient compared to traditional Bitcoin transactions.The Lightning Network is a system designed to make Bitcoin transactions faster and cheaper. NiceHash is not new to this; they have been running a Lightning Network node, which is like a checkpoint on the network, for a long time.
Since they began Lightning payouts, more than 700 new Lightning addresses are being created each week, and on top of that, there are about 1,136 deposit transactions, showing that people are interested in using the Lightning Network a lot. NiceHash has been a big supporter of the Lightning Network for a long time, and by starting to use it for payments, they are helping more people adopt this technology. While the privacy of the Lightning Network means we cannot know all the transactions happening, NiceHash is seeing nearly twice as many transactions each week compared to what Kraken, another crypto service, had when they first started using the network.
NiceHash started in 2014 and has grown a lot since then. Now, it is the biggest marketplace of its kind, with more than 250,000 miners active every day from all over the world. The platform connects people who want to sell their computing power with those who need it to mine cryptocurrencies.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Merlin Chain Welcomes Pyth Oracle for Enhanced Bitcoin DeFi ApplicationsPyth implements its price oracles on Merlin
Read more »
Chicago implements new measles vaccine policy for Pilsen migrant shelter after 26 cases confirmed citywideThe City of Chicago announced Monday that everyone at the Pilsen migrant shelter should receive a second measles vaccine dose 28 days after the initial dose.
Read more »
Utah implements new restrictions amid possible avian flu outbreak in cattleUtah agriculture officials are imposing new dairy cattle restrictions to prevent a spreading disease from reaching the state.
Read more »
Legoland implements dynamic ticket pricing ahead of summerThe theme park is adopting the strategy ahead of the busy vacation season.
Read more »
Worldcoin makes Orb software open-source, implements ‘personal custody’Worldcoin announced it has open-sourced main components of its Orb software, along with the introduction of its new 'personal custody' feature to enhance transparency and privacy for users.
Read more »
Instagram implements new limits on political contentInstagram has started an automatic clamp down on the amount of political content appearing in its users’ feeds, but there is a relatively quick and easy way to turn off the controls.
Read more »