Network Lightning held the first nuclear exchange between BTC and LTC

Long-waited technical achievement – atomic exchange is performed between the networks Bitcoin and Litecoin. Nuclear exchanges will allow for coordinated decentralized exchange between compatible networks. This is the solution for the decentralization of exchanges and can create a "family" of coins that grow together and have different functionality.

Nuclear exchanges work as a form of intellectual contract in which the exchange occurs instantly, consistently and without the involvement of a third party as a stock exchange or another tool.

Litecoin has already tested nuclear exchanges with Decred and Vertcoin, which also use the network level Lightning. The last exchange occurred in the Bitcoin Testnet (test network Bitcoin), not in the actual blockchain.

In the last few days adding a level of network Lightning has caused some criticisms, mainly in anticipation that the secondary level will be centralized and will not replace anything, except for debentures related to cryptocurrency.

In support of the exchange was made by Bobby Lee:
Bobby Lee ✔@bobbyclee
In old days, huge #stone “money” as a store of value, sitting in front of your house. So heavy, it was impractical to move, so people rarely transferred it. All payments were done in Layer 2, with people keeping tabs on partial ownership.

I hope #Bitcoin does NOT become this...
4:09 - 15 Nov. 2017
95 95 141 replies 1 retweet 471 1 Like
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Some other experts believe that the transactions in the network, the Lightning will still have cryptographic proof, and will not be underestimated assets. There are doubts about how this infrastructure will work, and how will it affect the markets.

There are also reports on the tests carried out with the exchange of atoms between Bitcoin, Cash and other assets. But the technology is still far from the real network deployment and application.

In recent days, the Litecoin rose from $55 to $of 66.67, since its user base in Asia is increasing. Vertcoin, other coin, which is eyeing the Lightning network, trading at $4,30, remaining stable after a peak in of $5.50, Decred trading at $33, and Bitcoin is going to climb a new peak of $8 000.
created by:Maxim Centurion | November 17, 2017 12:11