Lightning Network Debuts On Blockstream Store As New Strides Announced
HomeCryptocurrency NewsBitcoinist.com

Lightning Network Debuts On Blockstream Store As New Strides Announced

Blockstream has implemented Lightning Network Bitcoin payments on its store as part of a continued roll-out of the revolutionary technology....

Venezuela Sees Biggest Increase in Bitcoin Volume to Date
India Likely To Lift Cryptocurrency Ban in 2019
Ethereum ICO Treasury Withdrawals Hit 2018 High in December

Blockstream has implemented Lightning Network Bitcoin payments on its store as part of a continued roll-out of the revolutionary technology.


Store Tests Consumer Lightning Payments

In a blog post on Tuesday, developers Christian Becker and Rusty Russell introduced the Lightning Charge addition to its long-running Elements Project. This is designed in their words to “make it simple to build apps on top of Lightning.”

The pair explains:

Lightning Charge is a micropayment processing system written in node.js. It exposes the functionality of c-lightning through its REST API, which can be accessed through JavaScript and PHP libraries, both of which have also been released through the Elements Project. […] Together, these additions make it easy for developers to use c-lightning to create their own, independent web-payment infrastructures.

Presenting the Blockstream Store, which launched together with the post, Becker and Russell indicated a desire to implement practical use applications as a priority:

By offering an early demonstration of this cutting-edge technology, we hope to bring Lightning to life with real-world functionality, providing a way for you to test Lightning and become a part of the micropayment revolution.

They added that the tool was still in a “testing stage” and invited participants to report any bugs or unusual behavior.

Antonopoulos ‘Very Confident’ In Multifaceted Benefits

Reactions to the news were broadly positive on social media, with users continuing to support what is likely the decisive improvement to end high Bitcoin transaction fees and long confirmation times.

In a Q&A session in November, pioneering evangelist Andreas Antonopoulos confirmed his belief in Lightning’s ability to solve such issues, saying he was “very confident” that it would improve Bitcoin’s scalability and privacy.

In his opening remarks, Antonopoulos declared:

I’m not only confident that we will be able to achieve tremendous scaling with Lightning Networks, but I think we will also be able to achieve that in a scale-free manner, and we will also get much better security and privacy.

What do you think about the latest Lightning Network developments? Let us know in the comments below!


Images courtesy of Shutterstock

The post Lightning Network Debuts On Blockstream Store As New Strides Announced appeared first on Bitcoinist.com.



from Bitcoinist.com http://ift.tt/2Dp3B6p
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: Lightning Network Debuts On Blockstream Store As New Strides Announced
Lightning Network Debuts On Blockstream Store As New Strides Announced
http://ift.tt/2yMRj2h
https://i.ytimg.com/vi/D-nKuInDq6g/default.jpg
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/01/lightning-network-debuts-on-blockstream.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/01/lightning-network-debuts-on-blockstream.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy