Lightning Network is Optimizing ATB Coin Wallet TransactionsATB Coin is happy to adopt the Lightning Network technology to the needs of our users. The two versions for Mac and Linux are being tested now and we are actively working on the compatibility of Lightning Network technology with Windows.
At this stage, the start of the Lightning Network will be solved by adding a third-party solution called Eclair. At the moment, it is the most reliable version of the system. For the full operation of the Lightning Network, two applications will work simultaneously. ATB WALLET and Eclair. For more detailed instructions, please be on standby the next two weeks.
Lightning Network was developed to solve the scalability issues of the blockchain technology. Segwit is fighting this problem but the Lightning Protocol, operating as the superstructure over the blockchain, can actually speed up the transactions up to 1000s per second. One of the important factors is that there is no need to pay fees to incentivize the miners to verify your transaction first, so there is no double payment. The speed received, could enable the execution of instant payments no matter how loaded the channel is.
Basic Requirements enabling the Operation of Lightning Protocol
The blockchain state segment should be locked with the help of multi-signature or some kind of smart contract. All the participants should agree on that.
The participants of the agreement sign the transactions among each other but don’t submit them to the miners. That’s how the interactions between the participants in the Lightning Network look like.
When the transactions have been proceeded and form a set, this set is finally added to the blockchain.
Stay with us and enjoy blazing fast payments with ATB Coin!