20 payments in less than 100ms via Bitcoin lightning channel

in #news • 8 years ago (edited)

Bitcoin enthusiast and platform lead of BitGo has just posted a tweet about awesome speed of transaction over Bitcoin lightning network. => Tweet link

Lightning is a decentralized network using smart contract functionality in the blockchain to enable instant payments across a network of participants.

The Lightning Network is dependent upon the underlying technology of the blockchain. By using real Bitcoin/blockchain transactions and using its native smart-contract scripting language, it allows to create a secure network of participants which are able to transact at high volume and high speed.

#crypto-news #bitcoin #money #blockchain
8 years ago in #news by
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