Lightning network capacity of Litecoin up by 116%

Herbert2020

legendary

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Quote from: blockmanity on January 21, 2019, 09:46:41 AM

Lol who said the Lightning network is dead. The lightning network is up by 116% on Litecoin!! It's expanding faster than BTC

i don't think anybody has ever said "lightning network is dead", i don't know what made you think otherwise. they however spread a lot of misinformation about it, such as it being "centralized", "coins being 'locked' in it", it not being bitcoin and a lot more!
the thing is, the only thing these FUDs did were to slow down the progress temporarily and as soon as their bullshit clears, the adoption shoots up again.
as for LTC LN, it doesn't seem to be growing faster than BTC because bitcoin's LN is already too big and is still growing. we only had a surge recently in LTC LN once so far. but all in all it is great to see LTC is still following bitcoin's footsteps like it always has been.

bittraffic

hero member

Activity: 3038

Merit: 617

Quote from: blockmanity on January 22, 2019, 02:56:32 AM

Quote from: Zero1One0 on January 22, 2019, 01:19:20 AM

What ever is implemented in Litecoin, may eventually be implemented in Bitcoin.
This is good news for LiteCoin enthusiast.

True Litecoin already acts like a sidechain to Bitcoin. I think in the near future if Bitcoin crosses $1 Trillion, Litecoin would become like experimental Bitcoin, as a big network would be needed for development and testing purposes.

Not just to bitcoin but to almost all that will try to use the technology, this is opensource so whatever works for one may work for all. Its still the adoption that will matter in the end. Litecoin partner up with UFC as the latest news I've seen so far but there are still no information up which point.

blockmanity

jr. member

Activity: 36

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Quote from: Zero1One0 on January 22, 2019, 01:19:20 AM

What ever is implemented in Litecoin, may eventually be implemented in Bitcoin.
This is good news for LiteCoin enthusiast.

True Litecoin already acts like a sidechain to Bitcoin. I think in the near future if Bitcoin crosses $1 Trillion, Litecoin would become like experimental Bitcoin, as a big network would be needed for development and testing purposes.

Zero1One0

full member

Activity: 625

Merit: 125

What ever is implemented in Litecoin, may eventually be implemented in Bitcoin.
This is good news for LiteCoin enthusiast.

Black Coffee

jr. member

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Merit: 1

I think the lightning network is in the development stage and the impact of its use has not been felt by many people or communities not know about this. I hope that in the future lightning networks can provide great benefits and growth to litecoin and also the bitcoin.

blockmanity

jr. member

Activity: 36

Merit: 3

Quote from: Hanebel on January 21, 2019, 10:36:19 AM

Quote from: blockmanity on January 21, 2019, 09:46:41 AM

Lol who said the Lightning network is dead. The lightning network is up by 116% on Litecoin!! It's expanding faster than BTC

Source: https://blockmanity.com/news/litecoins-ltc-lightning-network-capacity-up-by-116-in-the-last-30-days/

You're quoting your own blog? I don't know the credibility of this post since the owner of the site being linked here is somehow the owner of the username blockmanity. I read some posts about litecoin before about this lightning thing and at that time, LTC was at its peak. Let's see how will this news affect the price.

Check out 1ml.com, they are the realtime lightning search and analysis engine for LN. Most of the news websites get their data from there

Awesomus Maximus

member

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Quote from: blockmanity on January 21, 2019, 09:46:41 AM

Lol who said the Lightning network is dead.

It is not dead, the opposite is true. The LN is the future, both for bitcoin and for litecoin. The number of channels are increasing, which is great. Let's see if the people behind litecoin succeed to educate and persuade more merchants to accept LTC payments.

Hanebel

full member

Activity: 363

Merit: 100

Quote from: blockmanity on January 21, 2019, 09:46:41 AM

Lol who said the Lightning network is dead. The lightning network is up by 116% on Litecoin!! It's expanding faster than BTC

Source: https://blockmanity.com/news/litecoins-ltc-lightning-network-capacity-up-by-116-in-the-last-30-days/

You're quoting your own blog? I don't know the credibility of this post since the owner of the site being linked here is somehow the owner of the username blockmanity. I read some posts about litecoin before about this lightning thing and at that time, LTC was at its peak. Let's see how will this news affect the price.

none of us

copper member

Activity: 210

Merit: 0

that is a good news for litecoin. i am very surprised that the lightning network is developing faster with litecoin than with bitcoin. apparently you should keep an eye on litecoin.

blockmanity

jr. member

Activity: 36

Merit: 3

Quote from: funchiestz on January 21, 2019, 10:03:55 AM

Lighting is very nice in theory. But no one actually knows what it is. The team is completely enclosed in the box. They say development is going on, but no other information!

I agree it has its problems, but Lightning network is still in a very early stage. We really cannot take out this possiblity that maybe Litecoin could really live up to its potential.Moreover, if it works, it can fundamentally change the perception around cryptocurrencies.

If I am not mistaken....positive news comes around Lightning time to time

funchiestz

sr. member

Activity: 1134

Merit: 342

Lighting is very nice in theory. But no one actually knows what it is. The team is completely enclosed in the box. They say development is going on, but no other information!

blockmanity

jr. member

Activity: 36

Merit: 3

Lol who said the Lightning network is dead. The lightning network is up by 116% on Litecoin!! It's expanding faster than BTC

Source: https://blockmanity.com/news/litecoins-ltc-lightning-network-capacity-up-by-116-in-the-last-30-days/

Topic: Lightning network capacity of Litecoin up by 116% (Read 74 times)