Shitcoin.com enables the largest Lightning Network node for Bitcoin

in #bitcoin6 years ago

A recent statement from the CEO of Shitcoin.com revealed that it enabled the node in the largest Lightning Network (LN) for Bitcoin, with a transaction volume of $ 50 thousand dollars, 15% of the total capacity of the network.

It should be noted that the site of shitcoin.com is a platform, somewhat controversial, that establishes a ranking of cryptocurrencies and, sometimes, acquires tokens of ICOs (Initial Offers in Cryptocurrency) to evaluate them in a very critical way, even discerning among those that really They are worth it and the ones that could be a scam.

In fact, the name 'shitcoin' is a pejorative used for the first time by Arthur Hayes of the exchange BitMEX, who in 2017 referred to the SegWit2x system as 'ShitCoin2x'.

Recall, in addition, that the LN is defined as: "a method by which the transaction speeds of the Bitcoin network can increase drastically, reduce processing fees and increase the level of privacy in each transaction", as commented by Coincrispy.

The CEO, Andreas Brekken, commented that during the last hours the number of channels increased to 101, valued at US $ 95,000, which represents 29% of the network.

As commented on several Reddit accounts and on Twitter, Brekken was named as the "king of nodes" by a user named 'Fulmo', a researcher of the LN technology; while other users have been criticizing the CEO, saying that this can be part of an advertising strategy.

A similar case was unveiled last June with the website 'DoIOwnaShitCoin.com', which offers an appreciation of all types of cryptocurrencies with an unconventional style. Users should only place the ticker of the digital currency they wish to consult and the site will yield the result of what the market 'thinks'. For example, in the case of bitcoin, you only have to type 'BTC' and the search engine will say: "Are you really asking? The Bitcoin is the king. Bitcoin is gold. The Bitcoin is God. "

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