Bitcoin [BTC] Lightning Network adoption would improve if exchanges start using it between themselves, claims Tadge Dryja

2019-4-29 20:30

Bitcoin’s Lightning Network gained massive popularity in 2019, with statistics backing up this assumption after the Lightning Network, recorded an impressive $5 million in capacity on the back of a recent price hike.

Anton Kumaigorodskiy, a Bitcoin Lightning Wallet Developer, spoke about the LN in a recent interview, claiming that important updates were underway. These updates will improve the overall efficiency of the Lightning Network, he added. He also opined that LN was “almost ready” for extensive adoption after operating on the mainnet for more than 12 months.

However, one of the important figures involved in the creation of the Lightning Network begged to differ.

Tadge Dryja, the co-author of the Lightning Network Whitepaper, recently appeared on “Whatbitcoindid” podcast and expressed his views on the Lightning Network.

Tadge said that the Lightning Network was definitely on the Mainnet in all true sense, but its functionality and operations were still very Testnet-like.

He highlighted the fact that people were not using it for real transactions and the Lightning Network was hardly involved in people buying goods via this medium.

He believed that the Lightning Network could gain significant importance if implementation or adoption took place between exchanges.

Tadge Dryja mentioned,

“It will be really cool and safer I feel if exchanges like Coinbase, Gemini, Kraken are like we support lightning and you can open a channel with us and send payment to us very quickly.”

If exchanges allowed users to deposit and withdraw via a created channel and when the user were done trading, they could directly transfer their funds back to their side of the channel; the use of LN would be much more important in the cryptocurrency industry, he added.

At press time, Lightning Network capacity was recorded to be 1.057.98 BTC, which is approximately $5.5 million in valuation. It boasted around 8,197 nodes and 38,310 channels.

The post Bitcoin [BTC] Lightning Network adoption would improve if exchanges start using it between themselves, claims Tadge Dryja appeared first on AMBCrypto.

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lightning bitcoin network recent claims tadge btc

Источник: ambcrypto.com

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Фото:

Is Lightning Network Suitable For Bitcoin Deposits, Withdrawals?

A Twitter poll by bitcoin evangelist Pierre Rochard discussed whether the Lightning Network is a suitable tool for BTC transactions on crypto exchanges.   Poll Signals to Lightning Network Curiosity Should Bitcoin exchanges enable Lightning deposits and withdrawals? — Pierre Rochard (@pierre_rochard) October 14, 2019 Proponents of LN believe it would be a good fit for crypto exchanges.

2019-10-15 18:30


Фото:

Bitcoin Lightning Network Passes 8K Nodes as Mainstream Products Emerge

The Bitcoin Lightning Network scaling protocol has passed a fresh landmark of 8000 nodes as a new solution launches to increase its mainstream usage. Lightning Rides Growth Highs Lightning, which continues to advance its presence as Bitcoin’s foremost scaling solution, hosted 8016 nodes at press time April 16 according to monitoring resource 1ML.

2019-4-16 20:00


New Open-Source WebLN Standard Gains Momentum for Bitcoin Lightning Network Payments

The process of sending bitcoin lightning payments is fairly straightforward, but the new bitcoin standard, WebLN, was created with the purpose of improving lightning payments in a simpler way. The standard is an open-source system, which is presently gaining some traction as it is used by two of the more popular lightning wallets – Lightning […]

2019-3-26 17:31


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