Asia, Africa, & South America Combined Accounts for Less than 10% of Lightning Network Nodes

About 87% of all the Lightning Network nodes are LND nodes. In comparison, about 11% are C-Lightning, and only 2% of the remaining are Eclair, according to the latest report by members of the Faculty of Computer Science from the University of Vienna, Austria, and Christian Decker of Blockstream, Zurich.

Lightning Network is a layer 2 solution on the bitcoin network for scalable and instant transactions. It currently has a capacity of 1,040 BTC with 14,273 nodes running it, as per 1ML.

In the past couple of years, several implementations of LN have popped up.

In early 2018, Twitter CEO and bitcoin proponent Jack Dorsey-backed Lightning Labs’ CEO Elizabeth Stark, announced the initial release of LND for developers to make it available for testing purposes on the main Bitcoin network.

C-Lightning is Blockstream’s own implementation of the Lightning Network built in the C programming language.

Eclair is for those who want to set up a full Lightning Node, which needs a lot of computer know-how. With this approach, you are routing transactions on the network and can also make your own transactions.

Geographic distribution of LN Nodes

The report titled “Node Classification and Geographical Analysis of the Lightning Cryptocurrency Network” also found that a large share of the total Lightning Network nodes, 44.8%, are located in North America and close behind is Europe with 43.1% share.

In Europe, most of these nodes are located in Central Europe with a very high node distribution on both the East Coast and the West Coast.

The remaining nodes are located in Asia at 6.2% share, Oceania at 2.2%, and then South America and Africa, each having 0.8% and 0.6% of the Lightning Network nodes.

In Asia, most of the nodes are located on the coasts of South Korea, China, and Japan.

It has been further found that multiple node clusters are centered in metropolitan areas. For instance, in Germany, the largest node hub is located in the metropolitan area in Berlin and then Munich and Frankfurt. In Japan, this has been found true with Tokyo, Osaka, and Kobe.

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Author: AnTy

40% Of Hedera Hashgraph Council Nodes Drops Offline, HBAR Price Down 54% In Last 30 Days

  • 4 of Hedera Hashgraph’s nodes have gone offline without any warning, indicating the network is perhaps more centralized than it was believed to be.

The closing of 4 nodes out of a total of 10 allows Sybill attacks to happen in an open network. Hedera Hashgraph is known to run public nodes, yet the Council Nodes are the ones that decide resources and software updates for the network. Hedera Hashgraph’s nodes should be run by the project’s largest platforms, like Boeing, IBM, Deutsche Telekom, and others.

Hedera Hashgraph Was the Big Sensation of 2019

Since it was a sensation in 2019, Hedera Hashgraph got immediately listed on Binance. Its CEO and co-founder, Mance Harmon, presented the project’s traditional business structure and organized a token sale that gained a lot of hype and many important buyers in the pre-sale periods.

The HBAR Token Failed

Soon after the exchange’s launch, the HBAR token began to unravel itself. The news on the node shutdown has caused the asset to go down by 9% once more, reaching the $0.011 value, after the initial $0.40 trading levels. HBAR has been made available for early buyers, last time on December 31, making retail token holders become reluctant bagholders.

Hedera Hashgraph had an attempt to manage the price slide of the token by offering ICO buyers who haven’t invested too much in HBAR future rewards if they held onto their pre-launch tokens and gave up on getting active HBAR. This is how the HBAR price is expected to change in 2020, according to distribution:

Every distribution almost coincides with immediate selling and causes the price to go down without any hope of stopping. Binance is the main liquidity source as it liquidates HBAR:

hedera-hashgraph hbar charts

hedera-hashgraph hbar charts

hedera-hashgraph hbar charts

Hedera Hashgraph Among the Biggest ICO’s in 2019

Hedera Hashgraph is a project that became one of the biggest ICOs in 2019. It has raised an impressive sum of $100 million in spite of having its token sales mostly frozen. However, its community soon discovered the technology behind it is not enough, also that misleading tokenomics were presented to insider buyers, which lead to crypto players who were enthusiastic about the project to suffer losses.

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Author: Oana Ularu

Ethereum Muir Glacier Update: Parity Upgrade Alert Due to Attack, 75.7% of Node Operators Ready

  • Those running Parity nodes are asked to update their clients “ASAP”
  • 75.7% of the node operators are ready for Muir Glacier
  • Down 92% from ATH, it is still one of the best performers of the decade, with nearly 18,000% gains

Just a day before Ethereum’s latest and unexpected network upgrade Muir Glacier, Ethereum client Parity came under attack.

Parity Ethereum took to Twitter to announce that on investigating the reports of some of the Parity Ethereum nodes not syncing, they came to believe there may be an attack underway.

Reportedly, valid blocks with manipulated directions, added or replaced, caused the client to stall, according to GitHub. Sergio Demian Lerner, a cryptocurrency security consultant, explained:

“The attack is simple: you send to a Parity node a block with invalid transactions, but valid header (borrowed from another block). The node will mark the block header as invalid and ban this block header forever but the header is still valid.”

New versions v2.6.8-beta & v2.5.13-stable have been released that will protect against this attack. As per this upgrade,

“Make sure to not mark block header hash as invalid if only the body is wrong.”

Those running Parity nodes are asked to update their clients “ASAP.”

Parties involved were already unhappy with the situation as Ethereum chose New Year’s Day for the upgrade. And now Parity underwent an attack.

Moreover, currently, 75.7% of the node operators are ready for Muir Glacier, as per Ethernodes.org.

Binance however, has announced its support for the ETH Muir Glacier upgrade. Because of which, deposits and withdrawals of ETH will be suspended.

When it comes to mining pools, only one, Ethermine is ready while the rest Sparkpool, F2Pool, Nanopool, Zhizhu, and MiningPoolHub still showing ‘no information’.

Earlier this month, the Ethereum network has its Istanbul upgrade and now they are ready for another. Ethereum was forced to have another update (EIP-2387) in less than a month due to a mistake and to delay the difficulty bomb feature that will slow down the Ice Age by about 611 days.

2020 to be the year of Ethereum?

The second-largest cryptocurrency by market cap is currently trading at $131, down 92% from its all-time high of $1,570. Ethereum’s 2019 performance surely has turned negative by 3.50% but it is still one of the best performers of the decade, with nearly 18,000% gains.

For the next year, Ethereum might be in for some good time as it might have hit the bottom.

Trader Crypto Michaël also sees 2020 a good year for Ether as he says, “Each massive breakout of ETH in January showed a significant move.”

Historically, he says Q1 of the year has been a great period for altcoins and their dominance bottoming. So “Let’s rock in Q1 2020!”

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Author: AnTy