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Topic: [2016-11-12] What's Left Before Bitcoin's Lightning Network Goes Live (Read 305 times)

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There aren't many steps left before bitcoin's Lightning Network will be finished – or at least an early version of it.

The big picture looked starkly different a year and a half ago when developers Joseph Poon and Tadge Dryja first put forth a white paper outlining a way to expand bitcoin to accommodate millions of transactions per second. It was a cool idea to use hashed timelock contracts (HTLC) to build a top-layer to bitcoin that didn't require any extra trust in intermediaries, but there wasn’t a clear-cut path forward from the theoretical.

Read More: http://www.coindesk.com/whats-left-bitcoins-lightning-network-goes-live/

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