Blockchain Releases a Bitcoin Lightning Network – Thunder
Posted: Mon May 16, 2016 10:40 am
The team at Blockchain Ltd., the firm behind Blockchain.info, has released the first practical implementation of the Lightning network concept for off-chain bitcoin payments. Called Thunder, the implementation that is now in its alpha version is meant to bypass the current scaling problem with bitcoin that prevents it from mass user adoption.
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The concept of Lightning is using smart contracts to build “super-charged” cheap and fast payment networks that later settle transactions back to the main bitcoin blockchain. The basis of the technology behind ... (read more)