Bitcoin Forum
June 23, 2018, 06:42:56 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why End-to-end Micropayment Transaction Test Matters to Bitcoin Community  (Read 140 times)
Chronobank
Sr. Member
****
Offline Offline

Activity: 602
Merit: 251

Chronobank.io CMO


View Profile WWW
October 11, 2016, 08:52:52 PM
 #1

The end-to-end Lightning micropayment transaction test shows to the Bitcoin community that it is possible to perform payments on a public Blockchain, says Christian Decker, a developer with Montreal-based Blockstream on the significance of the exercise.

Decker says:
“The test has uncovered a number of bugs, that were quickly fixed, and has shown that it is indeed feasible to perform payments on a public Blockchain.”

Blockstream had announced that it sent the first end-to-end transaction over the Lightning Network to another party through a process that included invoicing a party for Bitcoin and routing the payment through multiple nodes.

To test the impending prototype, which also shows that Lightning is progressing from the concept stage toward implementation, the team set up a web server to create invoices for test Bitcoin payments over the Lightning network, and in return to offer a cat, or at least an ASCII cat picture.

https://cointelegraph.com/news/why-end-to-end-micropayment-transaction-test-matters-to-bitcoin-community?utm_content=buffer03b57&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!