ATB Coin Connected to Lightning Network

The decentralized ATB Coin cryptocurrency uses the Lightning Network, making it possible to execute instant payments.
The Lightning Network technology is a protocol-superstructure over the blockchain. It provides a number of advantages for users who operate with digital currencies based on the Lightning Network.

The technology creates special channels, connecting users directly. The information on the transactions carried out is not fixed on the blockchain, until one of the counterparties wants to “cash out” their funds, i.e. withdraw them from the Lightning Network channel. Due to this, the funds can be transmitted to each other instantly, which is impossible in the Bitcoin Unlimited software.

The main problem with the blockchain network is the limited number of transactions per unit of time. The transmission speed is significantly lower than the traditional payment system, such as Visa or Mastercard. With the further popularization of the blockchain, such speed will be a drawback preventing many potential investors from entering the bitcoin business.

At the same time, the creators of the Lightning Network provide an opportunity for users to pay each other via a chain of open channels. An intermediate user can ask for a commission regarding the transfer of funds, and the choice of the way in the future system can be automatically optimized in favor of lower fees.

“Lightning Network allows you to conduct transactions outside of the blockchain without delegating the right to dispose of the property. Thus, ATB Coin users are able to conduct an unlimited number of transactions between different devices at high speed,”– emphasizes CEO, Edward Ng.