Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.
So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.
As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.
Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.
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That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.
Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.
Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.
https://twitter.com/pierre_rochard/status/1265835635862093824
It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.
That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.
The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.
I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..
