Lightning Network transactions will be available for Bitcoin from tomorrow, rumors are suggesting.
Just under two weeks after SegWit locked in
for the Bitcoin network, Lightning, which offers considerably faster
and cheaper transactions for more users, may appear sooner than planned.
Tweeting the as yet unsourced information, commentator
Ferdous said that the so-called ‘Layer 2’ technology would be available
“from Tuesday.”
For users, he clarified, the move meant “trustless instant
nearly zero-fee transactions,” “scaling to billions of users” and
“thousands of new apps.”
LIGHTNING IS POSSIBLE ON BITCOIN AS OF THIS TUESDAY GUYS!— Ferdous (@ferdousbhai) August 20, 2017
SORRY ABOUT CAPSLOCK BUT I AM TOO EXCITED!!!!! 🚀🚀🚀
The technology powering Lightning is still in beta testing, with Blockstream having first tested it with Litecoin transactions back in May.
Last week, ex-Bitcoin Core developer Gavin Andresen forecast the accompanying ecosystem would be “highly centralized” once operational, but that this was “OK.”
Potential applications are already in the offing, with
Blockstream CEO Adam Back recently revealing he had held talks with
BitTorrent CEO Bram Cohen regarding potential integration of Lightning microtransactions into the platform.
While Lightning’s introduction marks a major milestone in
the Bitcoin network’s journey, concerns are already mounting about the
implications of a second hard fork in the form of SegWit2x.
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