How To Send NEO Transactions in Milliseconds - The Trinity ⚡LIGHTNING⚡ Solution!
NEO, know for years as simply the "Chinese Ethereum", has risen from mere cents to a high of more than $180 due to its high scalability, smart leadership, and unique incentive system of GAS staking. Yet NEO transactions, while far faster than those on the Ethereum blockchain, still can take minutes to fully send and confirm. Thankfully, a solution has emerged, and it is still in the early stages, which means early adopters will earn huge gains!
The solution is Trinity, a scaling system that will be a Lightning network for NEO transactions. The Trinity network will make transfers that take seconds and cost almost nothing possible, a first for the smart-contracts world. Recently, Litecoin has soured due to its Lightning network, but Litecoin is mainly for payments, and Trinity will bring a lightning network to smart contracts (while Ethereum is working on a "Raiden Network", the Ethereum blockchain is not designed for the capacity that NEO has to handle thousands of transactions in seconds). Additionally, you will be able to own all your tokens all the time, as no one else will have your private keys during the "lightning-fast" wallet transaction.
Here is a great video which explains Trinity state channels in "laymen terms":
At the recent NEO DevCon in San Francisco, Trinity was one of the biggest stars of the conference. They showed off their impressive lightning speeds and demoed the system. The NEO team fully supports them and if helping them develop the system for beta app release in May 2018. The detailed roadmap also reveals that Trinity has "big secrets" coming in March and April, so gear up in the next few months for some huge news and developments! And their roadmap is prepared for the long-term as well.
The entire system will run on the Trinity Network Credit, the Trinity token which powers the network and has been available for less than a month. If you are interested in Trinity and believe in its future, as I myself do, there are many things you can do:
- You can buy Trinity Network Credit (TNC) on KuCoin.
- You can join the community and share Trinity with social media, blogs, or videos, then send them in on their website here to earn TNC tokens!
- You can join the Telegram group here and engage with other Trinity fans.
At the NEO DevCon last month, Da Hongfei, the co-founder of NEO (or AntShares - glad they changed the name!😄), stated in this keynote speech that his goal is for NEO to be the #1 cryptocurrency by 2020. This is definitely possible, and he thinks that they can achieve this by reaching 100,000 transactions per second in 2020. It might just be that Trinity could be the missing piece of the puzzle for NEO to achieve Hongfei's goal, becoming a 4 digit coin by 2020 and the #1 cryptocurrency.
And at only fifteen years old today, I don't want to miss out on that.
Disclaimer: Not investment advice. Upvote and follow to help me spread the word about the power of cryptocurrency as a teen investor. Thank you!
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