HashPlex Unveils Lightning Network Implementation
Lightning Network is a proposal for an off-blockchain network that would support super-fast transactions and boost Bitcoin scalability. Wednesday, miner hosting company HashPlex unveiled an alpha Lightning Network hub implementation, as developers continue to refine the layer (sometimes called layer-2) on testnets. The python Lightning implementation works with the open source Bitcoin node. Integration tests on a local network, which include three Bitcoin nodes, show that users can open a channel, close a channel, unilaterally close a channel, and send and receive money. The three nodes....
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HashPlex is a company that specializes in hosting miner services, allowing home miners access to industry standard electricity rates in order to stay competitive. While their main focus is indeed the mining aspect of Bitcoin, the people over at HashPlex understand the importance of the Bitcoin network, which is especially seen by the debut of their new open source lightning hub. I talked to Bernard Rihn, CEO and founder, as well as Jasper Hugunin, their leading Lightning Dev, over at HashPlex regarding the Lightning Network and Hubs.
Now called Core Lightning, Blockstream’s Lightning Network implementation seeks to be Bitcoin’s interoperable, specification-focused standard.
The Lightning Network is a design improvement for Bitcoin that could allow users to make micropayments in a decentralized manner and help the entire network scale more efficiently over time. While this proposal has received a large amount of attention in the Bitcoin community, there is another, similar option currently in development by C. J. Plooy. Plooy recently gave a presentation on his alternative implementation, Amiko Pay, at Scaling Bitcoin Montreal. During his talk, Plooy noted:"If you look at the basic design of the Lightning Network -- a network of payment channels. This is....
Blockchain, the world’s leading provider of Blockchain tools and software, has announced that the first usable implementation of the Lightning network, Thunder, has been released as an alpha. Lightning networks. Lightning networks, as explained on the Lightning Network webpage, are dependent upon the underlying technology of the blockchain. By using real Bitcoin/Blockchain transactions and using its native smart-contract scripting language, it is possible to create a secure network of participants which are able to transact at high volume and high speed. Essentially, they are designed to....
The rise of The Lightning Network is one of the most important stories of the year. On its back, El Salvador could adopt Bitcoin as legal tender. Bitcoin Beach’s implementation of The Lightning Network served as a use case that showed that it could be relied on. And then, a whole country uses it daily. […]