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32323 Cryptocurrencies Utilizing Lightning Network Solutions
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Sun, 11 Mar 2018 13:18:58 +0000https://www.digit.info/2018/03/11/3-cryptocurrencies-utilizing-lightning-network-solutions/Read more]]>As the Lightning Network comes closer and closer to fruition, cryptocurrency enthusiasts are anticipating a network for payments that is far more fast and affordable than what is currently seen. While there is still work to be done before Bitcoin sees such an implementation, it’s important to recognize that other projects are also working on or have already implemented the underlying technology of this network. Here are three examples: 1. Ripple (XRP) For close to one year, Ripple has been actively using payment channels to process thousands of transactions per second on its network. Payment channels utilize the same off-chain settlement function
As the Lightning Network comes closer and closer to fruition, cryptocurrency enthusiasts are anticipating a network for payments that is far more fast and affordable than what is currently seen. While there is still work to be done before Bitcoin sees such an implementation, it’s important to recognize that other projects are also working on or have already implemented the underlying technology of this network. Here are three examples: 1. Ripple (XRP) For close to one year, Ripple has been actively using payment channels to process thousands of transactions per second on its network. Payment channels utilize the same off-chain settlement function