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RE: Crypto Update: Feb. 16, 2018

in #bitcoin6 years ago

the really cool thing is that litecoin and bitcoin have similar if not identical cores still which will allow them to adopt lightning even faster into bitcoin. LItecoin is seriously undervalued for everything it has done for the cryptocurrency ecosystem.

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Since Lightning Networks are anchored to “traditional” blockchains, a solid understanding of the basic workings of blockchain technology is helpful in understanding them. There is also a company called Blockchain.info which supplies various Bitcoin services such as a block explorer and a bitcoin wallet but they have no control or authority over Bitcoin's blockchain.
In a nutshell, the lightning network is an upgrade to the current Bitcoin system (i.e., the protocol) that will allow users to create instant and feeless transactions.

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