Author

Topic: [2016-10-19] Bitcoin's Lightning Network Takes a Big Step Toward Interoperabilit (Read 303 times)

legendary
Activity: 1092
Merit: 1002
The development of a key bitcoin scaling solution has been fragmented to date – but that could soon change.

Major developers behind the Bitcoin Lightning Network met last week in Milan to determine how work on the micropayment layer will advance and how the varied efforts in progress will be standardized. In total, representatives from six projects attended, with those involved calling it a "culmination" of efforts that have taken place since the technology was first proposed in 2015.

According to organizers, the idea behind the meeting was to design rules for every implementation to follow so that the currently fragmented projects (of which there are at least eight following their own designs) can ultimately be made interoperable.

Prior to the meeting, Lightning Labs co-founder Elizabeth Stark said the loose group had largely synched up over a series of bi-weekly phone calls and over technical discussion on the Lightning Network mailing list.

http://www.coindesk.com/bitcoin-lightning-network-interoperability-milan-scaling/
Jump to: