• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Nexo

Greg Maxwell Exits Blockstream As Lightning Network Sparks Warnings

Wilma Woo by Wilma Woo
5 years ago
in News, Bitcoin, Bitcoin Businesses, Bitcoin core, Bitcoin Technology, News teaser
0
Advertisement

Bitcoin Core developer and Blockstream co-founder Greg Maxwell announced he has left the company as criticism mounts over its Lightning Network advocacy.


Maxwell: Blockstream Has Been ‘Big Success’

In a circular to the core mailing list Friday, Maxwell said he had opted to “spend more time working independently” on Bitcoin technical advances.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“We hoped that Blockstream could help act as an anchor of support for technology development, and in doing so help grow the community. I think that has been a big success,” he wrote.

Greg Maxwell

From what I’ve been told Blockstream plans to continue to contribute to awesome technology in Bitcoin – as demonstrated by their Lightning [Network] webstore this week – but if they didn’t, that wouldn’t be a problem for Bitcoin.

Maxwell added that he had in fact left Blockstream at the end of November, but had continued finishing his involvement until the new year.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Blockstream Criticized Over Mainnet Lightning Network Debut

As Maxwell unveiled proof-of-concept work for Bitcoin scaling upgrade Schnorr multisignatures this week together with other Core developers, Blockstream’s latest technical release has received mixed reactions.

After it launched the pioneering store Maxwell mentions, which is one of the first outlets to accept Lightning payments, Bitcoin community figures criticized the move as premature given the technology’s experimental status.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

“The way (Blockstream) is promoting LN use on mainnet is very irresponsible. People will lose money and LN reputation will be damaged,” Bitcoin.org creator Cobra wrote on Twitter, sparking a debate involving Civic CEO Vinny Lingham and commentator Vortex.

A growing number of people care or are at least curious pic.twitter.com/BMAeQBDwGJ

— Lee (@leehughes21) January 19, 2018

Blockstream had in fact noted in a post about the release that Lightning was in a “testing stage,” inviting early users to report any inconsistencies.

As Bitcoinist reported Thursday, the network currently boasts a modest but quickly growing presence on the Bitcoin mainnet, at press time comprising approximately 50 nodes and 80 channels with a total capacity of just under $12,000.

The statistics resource tracking the data also carries a more cryptic haiku-style warning not to place too much trust in the nascent network.

What do you think about Greg Maxwell’s decision to leave Blockstream and the reactions to its Lightning Network store? Let us know in the comments below!


Images courtesy of wikipedia.com, Twitter

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Wilma Woo

Wilma Woo

Related Posts

Bitcoin

Bitcoin Is Now Accepted In This Popular Resort In The Maldives

3 hours ago
Anthony Scaramucci

Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030

2 days ago
liquidations

Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

2 days ago
Bitcoin

Bitcoin Will Beat Gold As Store Of Value, MicroStrategy CEO Says

2 days ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

3 days ago
Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

Bitcoin Miners Continue Distribution, Bad Sign For The Rally?

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.