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Stellar (XLM) Is Still on Track to Implement Lightning in December

Aborisade G. by Aborisade G.
September 25, 2018
in Altcoin News
SMARTLANDS BASED ON THE STARS TO TRANSFORM THE GAME OF THE SECTOR THROUGH A PARTNERSHIP WITH COLLIERS INTERNATIONAL

smartereum.com

In mid-March of this year, the Stellar team announced that the Lightning protocol was the best long-term escalation solution for its network. The team found that scalability was one of the most discussed topics in many Blockchain projects and that they approached Stellar impartially. The main goal was to improve usability in terms of speed, performance and confidentiality.

About lightning

The team continued to explain how Lightning works:

Lightning is a scalable distributed payment network solution originally proposed for the Bitcoin blockchain. Lightning is designed to allow users to make payments through routers and hubs. Lightning even has the ability to allow inter protocol payments, such as a payment, in which the Bitcoins sender in the Bitcoin network sends and the receiver’s light in the star network receives having to count without any other party.

Lightning is made up of building blocks called payment channels. The concept behind the payment channels is simple but powerful. They allow users to open a channel outside the chain and perform transactions instead of the public registry.

The implementation of Lightning is still in progress

According to the Stellar roadmap, released with the decision to implement Lightning, the launch date was scheduled for December 1.

Source of the roadmap for the implementation of lightning, stellar.org

Since there has been no change in the roadmap, we can assume that the team is still able to deliver on the set date.

 

Tags: BlockchainCryptoCryptocurrencyestellarStellar LumensXLM
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