Looks like the Lightning Network is catching on quickly around the World. What is the Lightning Network. Charlie Lee from Litecoin has been pumping the Lightning Network for awhile now. Good things are in store for Crypto Currencies for sure. Here is a quote from the Lightning Website for those that are unfamiliar with the Network itself.
"Transactions for the Future
Instant Payments. Lightning-fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain smart-contracts without creating a on-blockchain transaction for individual payments. Payment speed measured in milliseconds to seconds.
Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.
Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.
Cross Blockchains. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians."
((Source: https://lightning.network))
So as you can see the Lightning Network has a bright future in transactions in the crypto community. Apparently the Lightning Network has not been officially released as of yet, but is already being used. People are quite excited about the possibilities of transacting in mili seconds I suppose. I know I am. Transactions will be amazingly fast.
Tonight I went ahead and added a couple more Litecoin to my stash. Slowly building my handful of Litecoin for the future ahead. Looking forward to the day that Litecoin will take its rightful place as the first Alt coin under Bitcoin. Have a great day all. Keep accumulating Crypto.
(All images off of google imaging under the subjects: Lightning Network, Litecoin, Hypnotic). I added the word "lightning network on the first image").
Article by @crowe right here on Steemit
I believe Litecoin is set to 3x over the next 2 weeks. I'm loaded up!!!
You and me both. I just wish I had more. Not much to write home about but its a start. Cheers.
But I have a question why only litecoin? If it only litecoin then ill invest in it too.
I'm just starting out. Learning my way around various exchanges. I'm now on Binance but haven't begun trading there yet. LTC seems to be the logical choice for me now. Lots of potential and the price is low.
I would also recommend stellar and Ox coin, try Bittrex and Poloniex as well.
Lots of coins should rise over the next couple of weeks as more money begins to flow back into the markets. I anticipate at least 250 billion!!!
Thanks for the update! I am a huge believer in the future of LTC. I work full time in cryptocurrencies, between ICO consulting, online course creation/advising and blogging. I go to a lot of crypto based conferences and talks, especially talks where I help beginners - a lot of them are starting to talk about Litecoin before they talk about Bitcoin.
I also read today that litecoin was added to one of India's biggest exchanges (that has a FIAT gateway!) - I can't remember which one exactly, but it's great news all round for the cryptocurrency. I got in at around $45 and have been buying ever since, it's only my opinion but i can see a great future for LTC.
Thanks for sharing! I gave you a follow and will keep up with your content for sure.
$45 ? Congrats on that. I sure wish I would have got in at such a great level. I appreciate the detailed reply. I look forward to following your work about LTC. Cheers.
Thank you! It was great to get in that low. No worries! Glad to hear it, will be covering the lightning network in detail when we know a bit more about it.
That is great news if we can have faster transaction speeds especially for bitcoin. Lately bitcoin has been having very low speed and high transaction fees making it impossible to use on small transactions. Hopefully the lightning network will solve all this. Litecoin will definitely rise in value this 2018 and in the coming years, keep hodling and best of luck to u :)
Thanks @practicaleric . I'm excited to see what the future will bring. Have a good one. Congrats on getting to Level 50 too. Cheers.
Lightning can be used now, unless I misunderstood an announcement early last week.
Yes it has been enabled but not everyone is using it,all bitcoin addresses starting with a '3' are on the lightning network.
Thanks a lot for sharing crypto news feed..Go ahead dear...✌✌
Great post from you
Wow great news providing my friend...
I appreciate your activity...Keep it up...