Lightning Network Implementation 'Amiko Pay' Currently in Development
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.....
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Now called Core Lightning, Blockstream’s Lightning Network implementation seeks to be Bitcoin’s interoperable, specification-focused standard.
As last week’s Scaling Bitcoin workshops came to an end and its attendees returned home, the main task for 12 of Bitcoin’s prominent lightning network developers was really just starting. Last Monday and Tuesday, representatives from ACINQ, Amiko Pay, BitFury, Blockstream, Lightning Labs and Purse gathered on the third story of a working space in the center of Milan. Sitting around a table filled with humming laptops and emptied out pizza boxes, the world’s first “lightning network summit” took place. The specific task at hand was to establish interoperability between the different....
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....
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. […]