• Latest
Could Bitcoin’s Lightning Power Mobile Communications? This Startup Thinks So

Could Bitcoin’s Lightning Power Mobile Communications? This Startup Thinks So

June 13, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Could Bitcoin’s Lightning Power Mobile Communications? This Startup Thinks So

coinnewsdaily by coinnewsdaily
June 13, 2019
in Tech
0
Could Bitcoin’s Lightning Power Mobile Communications? This Startup Thinks So
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

New research from mobile mesh networking company goTenna explores how mobile communications can be decentralized with the help of bitcoin’s lightning network.

Technologists have long explored how to use cryptocurrencies and blockchains to build programs where users are more in control of their data. GoTenna, the company behind mesh network devices for internet-less connections, is exploring a novel approach.

To that end, the GoTenna team has released a new paper describing how decentralized mesh networks for sending “mobile communications” (such as text messages) could be powered by bitcoin micropayments. What’s more, they’ve establised a new subsidiary Global Mesh Labs LLC to move forward with this goal.

“80 billion mobile messages are sent each day via carriers and [Internet Service Providers (ISPs)]. Mobile mesh networks offer an anti-fragile, decentralized alternative that can extend connectivity to places centralized networks can’t,” the project website argues.

One hurdle to mesh network adoption is that people aren’t really incentivized to run the infrastructure required to relay data across the network, the paper argues. GoTenna attempts to fix that by describing a new “trust-minimized” protocol with bitcoin’s lightning at the center, called Lot49, which would pay users for relaying data.

“Any node can earn a reward for relaying data for others and by being at the right place at the right time,” the paper, written by goTenna engineer Richard Myers, explains.

The proposal is reliant on a couple of bitcoin proposals that have been widely discussed, but haven’t yet been incorporated: Schnorr and sighash_noinput. Before building and trying out the protocol, these things will need to be added, if the bitcoin community agrees that they are good changes to make.

One is Schnorr, a much-anticipated, new bitcoin signature scheme that was first proposed years ago, and has seen progress recently through the release of test code.

“To reduce incentive protocol overhead we propose using signature aggregation, simplex payment channel updates and payment channels formed between mesh nodes within direct communication range,” the paper explains.

Light garland image via Shutterstock

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 12/06

Next Post

Litecoin Surges in Value, Continues To Demonstrate Resiliency

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Litecoin Surges in Value, Continues To Demonstrate Resiliency

Litecoin Surges in Value, Continues To Demonstrate Resiliency

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,834.003.19%
  • ethereumEthereum(ETH)$1,669.965.88%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$330.217.08%
  • rippleXRP(XRP)$0.4128672.68%
  • cardanoCardano(ADA)$0.4029785.27%
  • dogecoinDogecoin(DOGE)$0.0936831.16%
  • matic-networkPolygon(MATIC)$1.2312.64%
  • okbOKB(OKB)$40.066.78%
  • solanaSolana(SOL)$24.915.40%
  • polkadotPolkadot(DOT)$6.525.19%
  • litecoinLitecoin(LTC)$100.474.48%
  • shiba-inuShiba Inu(SHIB)$0.0000123.34%
  • tronTRON(TRX)$0.0635882.57%
  • daiDai(DAI)$1.00-0.01%
  • cosmosCosmos Hub(ATOM)$14.879.07%
  • chainlinkChainlink(LINK)$7.286.10%
  • moneroMonero(XMR)$178.862.36%
  • ethereum-classicEthereum Classic(ETC)$22.615.61%
  • leo-tokenLEO Token(LEO)$3.36-6.79%
  • bitcoin-cashBitcoin Cash(BCH)$138.184.71%
  • stellarStellar(XLM)$0.0932533.96%
  • filecoinFilecoin(FIL)$5.7211.02%
  • crypto-com-chainCronos(CRO)$0.0813413.38%
  • algorandAlgorand(ALGO)$0.2559067.83%
  • vechainVeChain(VET)$0.0248929.60%
  • internet-computerInternet Computer(ICP)$6.002.19%
  • aaveAave(AAVE)$91.6412.44%
  • eosEOS(EOS)$1.083.12%
  • elrond-erd-2MultiversX(EGLD)$44.324.94%
  • theta-tokenTheta Network(THETA)$1.087.70%
  • tezosTezos(XTZ)$1.114.95%
  • paxos-standardPax Dollar(USDP)$0.99-0.84%
  • huobi-tokenHuobi(HT)$5.272.10%
  • bitcoin-cash-svBitcoin SV(BSV)$43.663.14%
  • havvenSynthetix Network(SNX)$2.6415.01%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.276.98%
  • dashDash(DASH)$62.964.40%
  • iotaIOTA(MIOTA)$0.2346694.90%
  • zcashZcash(ZEC)$47.666.99%
  • makerMaker(MKR)$682.765.48%
  • neoNEO(NEO)$8.606.77%
  • zilliqaZilliqa(ZIL)$0.0286597.39%
  • basic-attention-tokenBasic Attention(BAT)$0.2723028.08%
  • compound-governance-tokenCompound(COMP)$56.439.18%
  • nemNEM(XEM)$0.0397008.11%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.864.28%
  • bitcoin-goldBitcoin Gold(BTG)$17.446.32%
  • qtumQtum(QTUM)$2.785.73%
  • sushiSushi(SUSHI)$1.4212.54%
  • wavesWaves(WAVES)$2.626.52%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,701.786.96%
  • golemGolem(GLM)$0.2453787.74%
  • omisegoOMG Network(OMG)$1.497.64%
  • ontologyOntology(ONT)$0.2167316.59%
  • digibyteDigiByte(DGB)$0.0112077.91%
  • umaUMA(UMA)$2.114.89%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%