bitcoin NEWS

Company Bitfury Group has published a technical description of a more efficient routing Protocol Lightning Network in the implementation of micropayments in bitcoin. The proposal is a hybrid routing algorithm, which consists of two stages: proactive update of the routing scheme that stores information about the network topology, and subsequent active information gathering in case of receipt of a request from the Lightning Network. The proposed algorithm gives the possibility of a huge scale of transactions in the bitcoin network in the long term will allow to provide the number of transactions per second, comparable to conventional payment systems like Visa or PayPal. After its implementation in a test network, we expect to reach minimalny capacity level of 400 transactions / sec for one channel and more than 100,000 transactions per second on the network as a whole", — said in a blog Bitfury. Run the algorithm in the experimental environment will be held in late July. One of the defining properties of Lightning Network is the ability for users to send to each other money directly, without having to trust each other or to resort to services of intermediaries. Read more about what a Lightning Network and how this add-in can change the bitcoin, read our special article