Ethereum News Daily Official TheBitTimes.com

AI models such as ChatGPT could soon get the ability to buy, sell, and use Bitcoin on the Lightning Network. Bitcoin (BTC) Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence to send and receive BTC on the network’s layer-2 solution. On July 6, Lightning Labs announced the toolkit which helps enable AI applications such as OpenAI’s ChatGPT to interact with the Bitcoin network to send, receive and hold the cryptocurrency. The move is to help make payments faster, cheaper and easier for AI developers who will be able to distance themselves from traditional and often prohibitive payment rails while also enabling pay-per-use AI models on Lightning. Large Language Models (LLMs) are software applications modeled on large data sets enabling them to generate human-like responses to user prompts and conduct other tasks. “We’re extremely excited about the new wave of innovation brought about with the latest wave of LLM models,” Lightning La...

Learn to use Lightning Network by setting up a wallet, funding it, and using it to make and receive payments. To send and receive payments on the Lightning Network, users must first set up a Lightning wallet and fund it with Bitcoin. From there, they can create payment channels and start transacting. This article will guide users through the process, from setting up their Lightning wallet to making their first Lightning payment. What is the Lightning Network The Lightning Network (LN for short, or simply “Lightning”) is a decentralized system for instant, high-volume micro payments that prevents users from delegating custody of funds to trusted third parties. It is a layer-2 protocol — a computer network built on top of the Bitcoin base layer (layer 1), the actual blockchain. The Lightning Network uses the Bitcoin base layer’s high protection standards to secure the network. Bitcoin is a payment system designed to be slow, and its transactions are finalized in as long as one hour; th...