Litecoin, Zcash, Ethereum and Ripple Plans to Implement Lightning Network

Litecoin, Zcash, Ethereum and Ripple Plans to Implement Lightning Network

Cryptocurrency
February 15, 2018 by Bitzamp
489
Litecoin, Zcash, Ethereum and Ripple Plans to Implement Lightning Network Bitcoin, the largest cryptocurrency in the world, is the first to implement the concept “Lighting is spreading across the cryptocurrency landscape”. It’s a way to make transactions faster and cheaper by moving them to a higher level than blochchain. Litecoin, zcash, ethereum and ripple are
Bitzamp

Litecoin, Zcash, Ethereum and Ripple Plans to Implement Lightning Network
Bitcoin, the largest cryptocurrency in the world, is the first to implement the concept “Lighting is spreading across the cryptocurrency landscape”. It’s a way to make transactions faster and cheaper by moving them to a higher level than blochchain.
Litecoin, zcash, ethereum and ripple are just a few of the many cryptocurrencies that plan to implement or test part of the lightning network in 2018.

Also Read: VPN Provider Now Accepts Lightning Network Payments

Known as “silver to gold bitcoin”, it is perhaps not surprising that this is one of the farthest, working closely with start-ups.
But others are close; developers take steps to add the concept to their prospects. The most recent project to embrace the idea is Stellar, the seventh largest cryptocurrency, which has added lightning to its 2018 roadmap in January.
And its developers see a similar potential to unlock the progress of lightning.

Jeremy Rubin, a Bitcoin Core contributor, who leads the development of the Starbolt Lightning Network, described the technology as “necessary” for any platform that wants to remain efficient for payments.

For example, several cryptographers working on the zcash cryptocurrency, focused on privacy, have proposed BOLT, a new type of lightning micropayments that also preserves the anonymity of the network. And the project developers have suggested that the technology is under development, although it is unclear when it will be launched.

Similarly, monero, another privacy cryptocurrency, also plans to add second-level scaling technology, but its developers say the privacy of its master data is the right one.
There may be some interconnection, although the possibility seems far away.
Elizabeth Stark, co-founder and CEO of Lightning Labs, one of the many start-ups working on this idea, while waiting outside bitcoin and litecoin, she has not seen the technology adopted significantly.

“Some communities are interested in it or working on it in the early stages, but it’ll take time,” she said.

It would not be far from these cryptocurrencies succeed in absorbing the technology of lightning. Developers are already beginning to imagine how current dominant technologies are being replaced by technologies that allow users to exchange different assets between block strings, and many connected power networks as a key factor.


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