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Author Topic: When will lightning network be added to Bitcoin?  (Read 179 times)
Timeme
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December 24, 2017, 01:25:03 PM
 #21

Lightning network is a great technology, but can it really change the current situation of high cost handling? I doubt it. I'm not sure what the change of lightning network can bring.
penig
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December 24, 2017, 01:37:38 PM
 #22

Reckon it needs to be released and adopted in Q1 or Q2 latest.  Another few months and the other coins in the top 10-15 will take prominence.  For example I want to put some cash in to cover ICOs, i'm looking at either ETH or LTC,  bypass BTC as things stand.
mpufatzis
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December 24, 2017, 01:39:53 PM
 #23

It is too early for the lightning technology, and as far as I know the developers of lightning are not the same of Bitcoin.
Yes, fees are too high but for the time being you can use a segwit address for your transactions.
The fees are much lower than the in "older" legacy addresses.
bitart
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December 24, 2017, 02:50:32 PM
 #24

It will be better to wait for sometime rather than implementing it in a hurry and later finding bugs in the system. If there is any issue with the network, then it will crash the Blockchain and the transactions will remain in limbo for many days. Such a scenario must be avoided at all cost. But at the same time, we can't ignore the rapidly rising transaction fees.
Sure it's better to wait for the time to do a proper test on the LN before implementing it on the live blockchain. The time could be enough to educate the people about the basics of the Lightning network, because now most of the people reads only the posts in the threads and they thingk that LN will be just a quick and easy implementation and a final solution. It's not that easy, there's a need for a quick user guide or a crash course for the usage of LN in order to get the users prepared by the time it goes live.
Meuh6879
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December 24, 2017, 02:54:01 PM
 #25

yes, im still confused why lightning network not implemented until now, this is for us too. we are bitcoin users, and low transaction is not good

Because full node don't enforce SegWit address for now.
SegWit is needed (must be enforced) for Lightining Network.

https://bitcoincore.org/en/2016/10/27/segwit-upgrade-guide/

Quote
The segwit soft fork has been designed to allow individuals in both groups to voluntarily decide whether or not they want to adopt segwit, and guides are provided below for both those who want to adopt segwit and those who don’t.

If enough miners do decide to adopt segwit, it will eventually activate and wallet users will be able to begin creating transactions with segregated witnesses. The segwit soft fork has also been designed to be both backwards and forwards compatible with all commonly-used wallets, so wallet developers and users can also independently decide whether they want to adopt segwit or continue making transactions without segregated witnesses.
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