Topic: Lightning network - page 4. (Read 624 times)
Actually this is really helpful because it will reduce the cost of transactions of btc based on this it is also fast and people will like to invest more here that time and many people will be encourage to invest in btc.
LIghtning network has added a dimension to the blockchain technology and this will solve many issues that blockchain is facing now. The lightning network along with blockchain will take the transaction procedure to another level.
Lightning network is really the best way for bitcoin to make it more better than ever. If the lightning network will be implemented then the bitcoin transaction fees will be much smaller compared to before. Also it the network is established the confirmation of transactions will be much faster than before and there will be no back logs on the mempool.
I have been waiting for this to happen,for almost a year lightning network has putted in users mind that will help bitcoin transactions faster and the fee will be smaller meaning the totality this will bring great things to all bitcoiner.when would be this happen is the only thing that matters now for the market will grow again and will give profits to all who has holding bitcoin for long time 
115 BTC ATM. its 53 % in 3 days. I dont know if its gonna develop this fast but if so we can see up to 1000 btc in 2 weeks from now and 10 000 btc in month from now. I tell you guys. We are close to the moment when lots of people will start to talk about it and pump price. Thats what good investor do. He knows before others.
Lightening is very good in bitcoin transaction. If Bitcoin can be compared to cash transactions, the Lightning Network is analogous to an online system of decentralized credit: traders exchange IOUs, keep running tabs on their expenses, and only use the blockchain when their interaction concludes. That’s a big difference from the sign-and-send procedure for an ordinary, on-chain transaction.
The Lightning Network is a "second layer" payment protocol that operates on top of a blockchain (most commonly Bitcoin). It theoretically enables fast transactions between participating nodes and has been touted as a solution to the bitcoin scalability problem. It features a peer-to-peer system for making micropayments of digital cryptocurrency through a network of bidirectional payment channels without delegating custody of funds. The only setback is that; The Lightning Network is made up of bidirectional payment channels between two nodes which combined create smart contracts. If at anytime either party drops the channel, the channel will close and be settled on the blockchain.
Scalability issue has always been a problem for Bitcoin. The transaction process tends to take place slowly due to scalability problems. I think through this lightning network, Bitcoin is going to make revolutionary changes in the market.
What you are saying has some truth in it, the part that lightning network will make bitcoin transactions easy, fast and cheap is true. But, lightning network will need a lot of time to come to a proper form where it can process numerous transactions at a time. Moreover, the market is too saturated with the arrival of so many coins that it is impossible for them to manually pump and dump other coins.
Lightning network is a good solution to mitigate the problem of payment speed. I definitely like it.
Lightning network is a 3rd party offchain payment system
Would you care to name this supposed third party?
I guess that ruins your theory as LN is not bitcoin only. 
Which is a positive, rather than a negative. Just wait for Atomic Swaps to kick in and then see what you're missing out on if you use a coin that isn't Lightning-enabled. This is all stuff that's going to come later, though.
The LN is going to without a doubt revolutionize bitcoin and all things crypto, but we can't continue talking about it like it's going to come out tomorrow. The LN is far from being able to process large transactions, nor is it able to process many transactions at the moment. I would like to say again that I do love the idea behind it, and I do think that it will do great things if / when it goes public and has the adoption it needs to be relevant. We must continue to stress the fact that it isn't ready for mass adoption yet.
Now that's a sensible critique. While it is technically "out", it's mostly the advanced technical users testing the waters right now. We're still very early in the adoption curve. There's a loooong way to go before any of this is user-friendly enough for the average member of the public.
Yes, this is true, which is why it is very important to keep an eye on Lightning Network and it's development process, so that a clear growth prediction can be made, upon which potential investors can start working. Thank you for this great insight.
I am agree with it. Lightning network is going to develop Bitcoin lot. Smaller transaction fees and faster confirmation will make Bitcoin faster than ever. And yeah monitoring is must for LN.
Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.
https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now
Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.
At present, the blockchain network is rather slow, leading to the increase in transaction cost of Bitcoin. We need to apply the Lightning Network to overcome these disadvantages of Bitcoin and make the Bitcoin system work more flexible. https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now
Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.
Lightning Network supports some other cryptocurrencies also. But it is going to pump Bitcoin I guess. It will probably create huge hypes for bitcoin which can make btc greater than ever.
This makes the transaction fees cheaper and more accessible for the users. Other payment channels or multiple channels can also be used to reach partner, with the network finding the shortest way. it's not as secure as the blockchain, but it's widely adopted for small transactions, and it will reduce the strain on the blockchain.
Exacly. Thats why i think it is important to monitor lightning network dewelopement. I think that after reaching 100BTC or 1 000 or 10 000 BTC someone important in crypto will spread that news and that will pump price. And with that fast developement it can happend next week - month.
if you mean the "capacity" of lightning network then this can not be the reason for the rise but the adoption of it is. which can also be seen on that capacity (which is basically the total amount of bitcoin people have put in their open channels).
for example when big merchants, exchanges and other services, etc start using LN and implement it for real then you can see the real big rise begin.
until that day this capacity doesn't matter much in my opinion because LN is not yet fully ready or adopted.
...the good news is we are not far from that day.
The LN is going to without a doubt revolutionize bitcoin and all things crypto, but we can't continue talking about it like it's going to come out tomorrow. The LN is far from being able to process large transactions, nor is it able to process many transactions at the moment. I would like to say again that I do love the idea behind it, and I do think that it will do great things if / when it goes public and has the adoption it needs to be relevant. We must continue to stress the fact that it isn't ready for mass adoption yet. Plus, stuff like this SHOULDNT have an affect on price NOR should it matter. I don't know why people always adopt price and innovation together. Look at the shitcoins if you want that point proven.
The Lightning Network is a "second layer" payment protocol that operates on top of a blockchain. It theoretically enables fast transactions between participating nodes and has been touted as a solution to the bitcoin scalability problem.
Definitely the LN will be a great improvement for Bitcoin. With quite less fees and instant transactions. It may still take time but it will surely come to mainstream use.
Lightning network will make Bitcoin fastest and one of the cheapest crypto.
maybe not cheapest since there are coins with no fee, but definitely the fastest considering the security of it.Quote
It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless.
i wouldn't call that an advantage, for most cases the lower fee is because of lack of usage (eg. ETH was advertised as low fee but these days you basically pay $5+ for fee every now and then) and faster speed has introduced more disadvantages than advantages!Quote
It will suck money from them and pump bitcoin.
everything about this is wrong in my opinion!first of all bitcoin is not some shitcoin to get pumped
second people don't invest their money in altcoins to now want to switch it to bitcoin, instead they invest their bitcoin in altcoins and they do it to increase the amount of bitcoin they have so they will continue doing so because they will always want to profit.
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good tool thanks for sharing.
Lightning network is an important step of blockchain technology on transaction confirmation time! Applying will greatly reduce the validation time! Enhance the efficiency of the network!
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