⚡️ Lightning ⚡️ is not just for Bitcoin

in #crypto7 years ago

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We are all eagerly awaiting the launch of the lightning network on bitcoin which will reduce fees on the network for transactions to a very low to none at all levels. However fees have dropped across the board for bitcoin in the last few days as segwit activated on the blockchain.

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When lightning does launch fees should be almost non existent however this makes me wonder about miners and mining as rewards will be dropping off will miners drop off drastically as well?

The next bitcoin halving so far looks like June 2 2020 2 years from now and something far from the radar for many. This will reduce the new coins mined per block from 12.5 to 6.25.

However not only is bitcoin getting the new lightning network more and more blockchains are adopting it and see the promise in it. ⚡ Litecoin, ⚡ Zcash, ⚡ Ethereum and Ripple are just a few of the cryptos planning to implement and test lightning network. (I'm most excited for Ethereum as I have been waiting for a product to launch on this blockchain for 2 years!) The most recent crypto to take a look into lightning is ⚡Stellar.

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Ethereums top level system for fixing scaling issues is called Raiden while Neo is working on one called Trinity.

Overall Lightning seem to be improving all of these cryptocurrencies and those who do not have scaling issues at the moment still feel it is the right move to further improve their block chains. Lightning seems solid with tons of support and testing going on which makes me feel very positive about it being accepted sooner then later to bitcoins blockchain.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
ETHEthereum866.648$2.23%1.7%
LTCLitecoin211.625$2.05%-6.03%
XLMStellar0.379$7.14%7.16%
XRPRipple0.993$10.25%6.58%
ZECZcash404.907$3.29%3.3%

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