[2017-07-21] Bitfury Successfully Tests Lightning Network Across Mainnet

[Iloveelvis]

The firm Bitfury Group published a video which shows a successful demonstration of the Lightning Network on the Bitcoin mainnet.

The well-known company Bitfury which calls itself a blockchain security and infrastructure provider has successfully tested “real bitcoins” using the Lightning Network on the mainnet. The video shows a Bitfury programmer sending bitcoin utilizing a developers version of the Lightning Network. The demo illustrates the opening of Lighting daemon payment channels and the transactions sent across the live Bitcoin network.

“Now we have two open channels, and we can actually perform Lightning Network transactions inside these open channels,” explains the Bitfury developer during the video.

Read More Here >>> https://news.bitcoin.com/bitfury-successfully-tests-lightning-network-across-bitcoins-mainnet/

[Iranus]

The Lightning Network needs to make a really good impression from the beginning if it wants to be used by a lot of the skeptics for small transactions.

That means a lot of work on testnet before end users can start using it on mainnet.  It's not necessarily a huge step forward to rush and put it on mainnet.

All that matters is that LN wallets look very convenient and simple, and the concept gets shown to Bitcoin merchants in the cities as soon as it's possible to use.  There could be such a huge market for people who like the concept of BTC but don't like waiting up to 10 mins (and more if they pay a low fee) for confirmations.