LIGHTNING NETWORK WILL ALLOW EXCHANGES IN ITS NETWORK OF BITCOIN CASH, ETHER, DASH AND LITECOIN TESTS

in #bitcoin6 years ago

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Lightning Network, the person-to-person (P2P) network built on Bitcoin that allows payments and micropayments to be transferred from cryptocurrencies instantaneously, continues to develop its capabilities to offer customers more efficient experiences in the blockchain. In this sense, the team behind its development has announced that it is testing a new option to exchange bitcoins for altcoins more quickly.

The developer of the platform, Alex Bosworth, published on his Twitter account that is already available in the testnet the possibility of transferring and exchanging test coins Bitcoin cash, litecoin, dash and ether, experience that can live directly from the Bilumino website:

The test cryptoactives will be distributed free of charge on the platform so that all interested parties can verify the functioning of the blockchain. The tokens will also be placed in a Bitgo web wallet.

The community has responded positively to this new capacity that the Lightning Network will have, highlighting that the platform works correctly and in other cases the need to add new features for its proper functioning.

For example, the user @JuanLinux reported that after making a transaction with ethers on the gate.io platform, the movement was not reflected in the blockchain; an event that proves that this initiative still has a lot to develop before going live.


"Hi, I did all that procedure, but I used the ETH cryptocurrency, so I sent it to my gate. io platform account and the transaction is not shown."

Juan Carlos Castro
Twitter User


The Lightning Network team has been working on the creation of increasingly diversified tools that adapt to the needs of Bitcoin's network, becoming an advanced technological development that is getting closer to its main objective: decentralize the network, according to comments made from Bitlumino's account.

In this way, the network has been perfecting several new applications that have served to cancel telephone bills, purchase products in real time, build automated portfolios and partnerships with other platforms such as Ripple and Bitfury.


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