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Finally, face-to-face bricks and mortar stores will be able to use Bitcoin without worrying about blockchain confirmations. And finally, the scaling debate will be squashed for good.
Topic: [2017-12-07] Bitcoin long wait for the Lightning Network is almost over. (Read 593 times)
December 07, 2017, 04:20:37 AM
December 07, 2017, 03:06:44 AM
Bitcoin long wait for the Lightning Network is almost over.
Announced today, the startups behind the three most active Lightning implementations have revealed test results, including live transactions, proving their software is now interoperable.
The findings, released by ACINQ, Blockstream and Lightning Labs, effectively bring Lightning (the mechanism many see as the best solution for increasing bitcoin's capacity) closer to public launch.
And while admittedly technical, today's announcement offers evidence that makes it seem like enthusiasts will soon get their wish.
Firstly, the Lightning specifications, in progress since last September, have entered version 1. These describe the rules of the network, comparable to the standards that prop up the internet.
While that's not to say the specifications won't evolve over time, they've now been deemed good enough to support the first real Lightning Network.
Read More:https://bitzamp.com/bitcoin-lightning-network/
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