Lightning Network Passes Bitcoin Mainnet Testing, One More Step Towards Completion – Bitcoinist. Finally, the Lightning Network development teams have announced that they have completed the first tests on the main Bitcoin network. What are you bitcoin reddit ama schedule for?
Receive all Bitcoinist news in Telegram! The Lightning Network has been years in the making, with the original whitepaper being published in January 2016. Finally, the top independent development teams have announced that their implementations have completed the first tests on the main Bitcoin network. Along with this, its proven the interoperability of these systems.
Interoperability is the idea that these separate implementations will all work on together on one network. They’ll be able to work together seamlessly, receiving and sending payments to each other without issue. ACINQ, Blockstream, and Lightning Labs are the teams currently working on building a working network, and these tests show that these systems are closing in on mainstream adoption. The teams, along with other members in the Bitcoin community, have also developed a set of standards to follow for any team looking to build their own implementation. The standards ensure that no matter the implementation used, users will all connect to the same network.
Achievement unlocked: We’ve created a fully compatible Lightning Network on bitcoin! Where Does LN Go from Here? The developers have made it very clear that they are not going to rush the software out the door prematurely. I expect implementations off test net this year, in alpha, maybe even beta. Then you can lose real money!
270 billion currency operates, and any software that could possibly lose customer funds is dangerous to the ecosystem. All the implementations still must go through rigorous testing to make sure they’re safe before the masses start hopping aboard. They’re almost too eager, actually. The reason is simple: it’s way easier to accept lightning payments than on-chain bitcoin.