Lightning could multiply the transactions possible, while making transactions faster and cheaper.
The lowest-level coders are working on so-called lightning implementations, the code which puts the payment network into practice.
Bitcoin's lightning may be the only payment system in the world that allows for payments that small.
Info, don't support lightning payments yet, because the technology is still experimental.
For the most part, a parallel ecosystem of daredevil developers have been creating completely separate bitcoin wallets that allow users to send and receive lightning payments.
Lightning desktop wallet Zap started as a one-person side project by young developer Jack Mallers.
Zap lets you make lightning transactions from your smartphone, while running one of these clunky full nodes at home.
Wallets like Breez and BlueWallet are taking different approaches to building a slicker interface for lightning.
If they do, they can use one of these wallets to send to a lightning "Channel," like a separate specialized bitcoin account secured by a smart contract that lets you start making lightning payments.
While adoption across bitcoin companies is minimal for now, the goal for many of these players on the vanguard fringe of bitcoin is that once lightning is mature enough, most bitcoin wallets and exchanges will absorb it.
Grasping Lightning: Mapping the Key Players in Bitcoin's Next Phase
Publicado en Jan 17, 2020
by Coindesk | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.