Bitcoin News

  Replica bitcoins are seen in this photo illustration on November 4, 2017. (Photo by Jaap Arriens/NurPhoto via Getty Images) Bitcoin adoption is about to take another step forward with the Lightning Network today getting a boost from payment processing startup CoinGate — which is adding all 4,000 of its merchants to the off-chain system. Those CoinGate merchants which will be able to accept payments via the Lightning Network include  Swiss watch manufacturers Chronoswiss and Louis Chevrolet, gaming store Mmoga.com, hosting service Bitlaunch, and adult websites Livejasmin and  Manyvids. The Lightning Network , first proposed by Thaddeus Dryja and Joseph Poon  in a 2015 white paper , creates a layer on top of the bitcoin blockchain, where transactions can be passed back and forth before being added to the underlying blockchain. This should mean transaction speed is greatly increased while costs are significantly reduced. When sending a Lightning payment, two parties de