Bitcoin Forum
May 22, 2024, 03:03:46 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Successfull test ot Lighning for Bitcoin  (Read 211 times)
Suptiele
Jr. Member
*
Offline Offline

Activity: 31
Merit: 1


View Profile
January 01, 2018, 11:47:26 AM
Last edit: June 24, 2020, 12:46:19 PM by Suptiele
 #21

Lighning network if sucess will change bitcoin for ever fast and zero fee is dream for all bitcoin holders.
It will make the network stronger because fewer people will use it for daily buying and selling requirements and thus more stable.
hope to happen fast and we can use it with 0 problems
2019 will the year that Lighning network  change bitcoin price to 20,000
athanz88
Sr. Member
****
Offline Offline

Activity: 476
Merit: 359


View Profile
January 02, 2018, 05:58:38 AM
 #22

In a testnetwork surrounding, was an successfull test of lighning technologie for Bitcoin. Developer Alex Bosworth made an transaction to load his pre-paid phone, video on his Twitter Account:

https://twitter.com/alexbosworth/status/946175898029395968?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.coindesk.com%2Fpayment-provider-bitrefill-runs-successful-lightning-transaction-test%2F

I have seen the news when i opened my google apps. Seen the video and the article. This is a good technology for bitcoin ecosystem in my opinion, as it can eliminates all the transaction issues we have right now, which is high fees and slow transaction. I hope it can be implemented soon in the network.
But with the implementation lightning network, im curious if this technology alone is enough to handle the transaction, as it may increase the number of transaction per day. I am guessing it is a good thing if it will be paired with bigger block size, forget about the segwit.
And we must anticipate some thing if this technology is implemented on the network, like maybe, wallets will charge us for making a transaction, and miners will lose some of their earnings.
Cmiiw.
RamonBTC
Full Member
***
Offline Offline

Activity: 392
Merit: 106


View Profile
January 02, 2018, 06:05:13 AM
 #23

If this new lightning network can help lessen the inconvenience of high fee and congested transaction numbers this is a good year for this to be an alternative remedy for a more mass adaptation for the bitcoin community. This can be tested and be approved individually at once and it will soon be the new reason for a full blown marketing advantage for bitcoin on mainstream.
kevoh
Full Member
***
Offline Offline

Activity: 448
Merit: 110


View Profile
January 02, 2018, 06:10:30 AM
 #24

Great one! Waiting for the testing of Lightning Network for Bitcoin with higher volume of transactions. Getting this implemented on time will be my only true New year's gift. The high transaction fees are just frustrating, I still paid $27 just to transfer about $100. Thanks for the video, Alex Bosworth.
vaughn125
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
January 02, 2018, 06:32:45 AM
 #25

In a testnetwork surrounding, was an successfull test of lighning technologie for Bitcoin. Developer Alex Bosworth made an transaction to load his pre-paid phone, video on his Twitter Account:

https://twitter.com/alexbosworth/status/946175898029395968?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.coindesk.com%2Fpayment-provider-bitrefill-runs-successful-lightning-transaction-test%2F

Thank god for this great fix. I have been waiting for quite a long time now for this to really happen. And at last! Successful tests are now being shown. And it will only be a matter of time till this gets implemented and be ready for the community. Although i am not in a rush because i know they need to be sure before they implement, i still am very excited. This is a bigger step forward than the price increase of this year.
And btw, thabks for sharing this info man.
Herbert2020
Legendary
*
Offline Offline

Activity: 1946
Merit: 1137


View Profile
January 02, 2018, 06:49:31 AM
 #26

In a testnetwork surrounding, was an successfull test of lighning technologie for Bitcoin. Developer Alex Bosworth made an transaction to load his pre-paid phone, video on his Twitter Account:

https://twitter.com/alexbosworth/status/946175898029395968?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.coindesk.com%2Fpayment-provider-bitrefill-runs-successful-lightning-transaction-test%2F
Lighning network if sucess will change bitcoin for ever fast and zero fee is dream for all bitcoin holders.

hope to happen fast and we can use it with 0 problems

it won't be for free (0 fees) but it will be cheap.
you still have to make an on-chain transaction to enter and exit the Lightning Channel and you will also if i am not mistaken have to pay a fee when sending transactions through lightning network to pay the hubs but it will very low. but in case of this fee, there will be a competition among hubs to do things with lower fee or even free which reduces the fees since there are no blocks in LN to fill up and the more transaction you process the more you earn.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Kakmakr
Legendary
*
Offline Offline

Activity: 3444
Merit: 1958

Leading Crypto Sports Betting & Casino Platform


View Profile
January 02, 2018, 06:56:55 AM
 #27

So many people were so focussed on the current problems that they totally forgot about the improvements that were being developed in the background. This shows that Bitcoin still has a lot of potential and a bright future.

Once the Lightning Network is completed, other Alt coins will struggle to keep up and will slowly fade away. <Coins built on the old legacy technology, like Bitcoin Cash>

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Rotsor
Full Member
***
Offline Offline

Activity: 309
Merit: 102


Presale is live!


View Profile
January 02, 2018, 07:04:21 AM
 #28

I can't wait until Lightning is implemented. IT is going to make Bitcoin so much better. Like Web 1.0 > Web 2,0

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!