Lightning Nodes, State Channels, Off chain Scaling, OH MY!

in #bitcoin7 years ago

The idea of a lightning network, an off-chain solution to the scaling problem to help conduct many peer-to-peer transactions quickly before applying the final result to the on-chain Blockchain has been an idea and technique discussed within the crypto community for a long time. But now we're seeing tons of implementations of this and I wanted to get you quickly up to speed with some real life demo implementations.

Trinity


Trinity is an off-chain scaling solution for NEO. Watch as Li YiLing, Founder of Trinity, does a live demo of using Trinity:

Also, there is a surprise video showing off easy ShapeShift like swaps of NEO tokens as well as Ethereum ERC-20 tokens:

Zap Lightning Network Wallet


@JackMallers has been working on his Zap Lightning wallet for quite some time. I've been following his development and it's coming along quite nicely. He has a playlist of demos using the wallet. Check it out:

Unstoppable!


Currently with roughly 1618 NODES and 5412 CHANNELS according to https://explorer.acinq.co/#/ the Lightning network is growing SUPER fast. How many of you remember when there were only 12 nodes a few weeks ago?

//Support Me?
BTC - 1L19KwFizQa8d5XvbqXrDdsRADvmDePtzr
ETH - 0x3275cf9B6412e031AEC4502521a6C8E515B1a0fa
LTC - LN8WC6kXspe6z7vo9q4kS3BewKkAPf9Nzd
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DOGE - D5K3nXUfP7JjJruQA1KWg7pnXQ1sRu7g5t

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