Blockchain Updates On-Chain Settlement for Thunder Network
Blockchain, the bitcoin-centric startup, recently offered an update on its Thunder Network on-chain settlement, having released the alpha version in May. Blockchain released the alpha version of its Thunder Network as a payments channel to be the first usable implementation of the Lightning network for off-chain bitcoin payments that settles back to the main bitcoin blockchain, CCN previously reported. The payment technology prototype is described by Blockchain as a “way to send money ‘off-chain’ to other parties in a trustless manner based on the Lightning network.” Blockchain claims....
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Thunder, a project by Blockchain.info, is a collection of alternate nodes that allow users to make bitcoin payments off-chain in seconds, and sync with the standard Bitcoin network later. Unlike traditional payments made with bitcoin that can take up to an hour for a healthy number of confirmations, transactions made on the Thunder network are said to be....
Blockchain is improving its Thunder Network for faster settlement and refund times in off-chain transactions, according to a project update. Stress Tests Underway. Released as an alpha-stage prototype for testing in May, Thunder is a version of Bitcoin’s proposed Lightning Networks, which handles transactions instantly between users and settles at a....
The Thunder network adoption of Bitcoin Lightning network protocol has been officially launched by Blockchain. The alpha version is now available for developers to work on. The alpha version of Thunder network is now out. Blockchain, the leading bitcoin and blockchain tools and software tools provider has developed the first real-world implementation of the famed Lightning network in the form of Thunder network. The Thunder network is created to enable microtransactions over the bitcoin network in a much faster and more economical fashion. Unlike regular transactions that have to be....
The popular Bitcoin explorer and wallet company Blockchain.info has revealed a new protocol to the cryptocurrency ecosystem called the Thunder Network. The project is in its alpha release and the code is open source. Thunder allows users to make off-chain payments instantaneously with lower fees. Can The Thunder Network Help Scale Bitcoin? Blockchain.info’s Thunder claims it will be able to process transactions at a rate faster than most credit card processors such as Visa and Mastercard. Currently, many developers and community members are afraid the Bitcoin protocol will not scale to the....
Blockchain has announced the alpha release of its latest Thunder Network capable of handling loads of off-chain transactions in a faster and more economical way compared to the present day Bitcoin blockchain. Blockchain, the Bitcoin wallet company has announced the alpha release of its latest Thunder Network, a payment channel technology designed to accelerate bitcoin transactions over the blockchain. Call it Bitcoin blockchain on steroids, the Thunder Network was introduced earlier amid the block size debate over Bitcoin’s scalability. Thanks to 1 MB limit on bitcoin blocks, the Bitcoin....