Crypto Milestone: Compumatrix To Use The Lightning Network That Recently Reached 1,000 Mainnet Payment Channels
I hope that the significance of this crypto milestone is not lost on either current or future #Compumatrix members! I first heard of the #LighteningNetwork (LN) and had even read an article about it a couple of months ago, but I thought that it was something that we would see in the future, perhaps late in 2018 or in the first half of 2019. So when I recently heard that #Compumatrix would soon be using the #LighteningNetwork (LN) for our transactions, you could have knocked me over with a feather!
This will give #Compumatrix a competitive edge over competitors who don't even exist yet. It puts us ahead of the cutting edge and is an stunning positive development for our business model and for all members. It should not be very long before the world will become aware of #btccore #ecash #compuceeds #cryptoceeds and our Virtual Prepaid Card (VPC) crypto product. But in these early days of #Compumatrix it is critically important that Members first become comfortable with using #bitcoin and having the LN should make that a user friendly experience. Here is why this news is so exciting to me:
"The Bitcoin price has entered a steep decline in 2018, leaving many recent investors heading for the exits to cut their losses. Behind the scenes, though, Bitcoin development continues to plug along without regard for market movements, and one much-anticipated technology — the Lightning Network (LN) — has quietly passed a major milestone.
Lightning Network Reaches 1,000 Mainnet Payment Channels
Earlier this week, the number of open LN payment channels reached 1,000 for the first time. This marked yet another historic checkpoint for the development and adoption of this nascent technology, which many developers could be one of several long-term solutions to Bitcoin’s network congestion, which has reduced the most prominent cryptocurrency’s utility for small-value transactions and led many companies — including payment processor Stripe — to abandon support for Bitcoin payments.
The Lightning Network promises to ease network congestion by moving transactions off the main blockchain and onto the second-layer LN protocol. Using payment channels, LN users will be able to make near-instant transactions at virtually no cost, which proponents argue will make Bitcoin an attractive medium of exchange for transactions of all sizes."
The above is a quote from the original article at ccn.com, where you can read the FULL article by going to: https://www.ccn.com/lightning-network-reaches-1000-mainnet-payment-channels
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This is a nice write-up, full of information about Compumatrix. Keep it up.
As you were, I also was very excited to hear about Compumatrix using this technology! Everyone will be seeking us out in the near future!
Wonderful piece. Full of information and incisive.
Very exciting to read about the lightning network!
Very good and interesting content!
Very good ... rkbgold .... The lightning network and Compumatrix combo is going to be a game changer ,,,,