[LN] BTC Lightning network

in #btc7 years ago

HI all, crypto sludge here.

Found this very detailed and easy to understand guide on the biggest upgrade to BTC foreseeable future - the lightning network or as some people call it Layer 2 solution.

Once this is fully deployed, and it seems it should get a nice GUI interface sometime in 2018 , as the behind the scenes CLI version already working on the BTC main network, Lightning is not a matter of IF, is really a matter of when.

This will cause a major leap forward in settling micro transactions incredible fast, secure and with very little fees over the BTC network, which will allow BTC to scale to hundreds of thousands transactions per second without spamming the main block chain.

I fully suspect that all the BTC FUD, attacks and price fluctuation is a precursor for this, and the "smart money" is doing everything they can to pick up cheap BTC.

Because LN will suck out all the "Air" from all the other alts that focus on fast transactions.

BTC+LN will do everything the alts do, but with BTC's security , acceptance and incredible diligent and talanted development team.

Enjoy the read

Crypto Sludge

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