Stop waiting for Bitcoin corporation to announce the release of the lightning network. Bitcoin is decentralized! Get it? A good analogy is to consider the lightning network a new born baby. It's here, it's healthy and if you're asking "can it walk yet" you're behind on your research and missing the point. I'm making the announcement right now. Lightning Network is officially here. We are Bitcoin.
http://ift.tt/1dVRBJk "Instant Payments. Lightning-fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain smart-contracts without creating a on-blockchain transaction for individual payments. Payment speed measured in milliseconds to seconds.
Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.
Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.
Cross Blockchains. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians."
Jameson Lopp has is figured out as described in this tweet https://twitter.com/lopp/status/947808940255006726
submitted by 
No comments:
Post a Comment