Bitcoin – There are already 51 Lightning Network Nodes running 81 Channels

At the moment bitcoin is having a hard time with unconfirmed bitcoin transactions and relatively high fees due to a high amount of transaction.

Lightning is a decentralized network, using smart contract functionality in the blockchain. It allows users to make fast and cheap transactions through a network of nodes.

To get more in-depth information on the Lightning Network: Read The Lightning Network documentation

LN 51 Nodes Running

The Lightning Network is truly an incredible advancement to Bitcoin. Watch the video below to get a simple explanation of what the Lightning Network is and why an increase in LN Nodes is so important.

 

source: inmainnet.gaben.win

Several users were succesful in making payments through the lightning Network.

source: Coincadence

If you are a more advanced user, you can follow 6Hundred’s Tutorial on “Setting up Bitcoin Lightning Network Node on MacOs is peanuts!

That said, the lightning network is one of the most highly anticipated technological advancements to be deployed on top of the bitcoin network. I am looking forward to it!

 

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