Thursday 1 February 2018

The Lightning Network quietly surpasses over 1000 open channels on mainnet.


http://bit.ly/2ExSS7K is quite possibly the biggest innovation in crypto in years. Lightning can do what no other altcoin can ever dream of; unlimited transactions per second, truly instant confirmations, and all backed by high level of security.Lightning is going to be future of online payments. The developers deserve a lot of credit, as do the brave souls risking their Bitcoin to trailblaze this new network. Great work everybody.On a side note. It's funny how throughout November and December, despite all the FUD about Lightning being "vaporware", segwit adoption stalling, blockchain congestion, and sky high fees, we saw unprecedented price growth, up to $20k.Meanwhile, now that the congestion is gone, fees are down to pennies, segwit adoption has increased, and Lightning is here and growing fast, we see falling prices.This market is extremely irrational. Hodl on tight. It's a good sign when devs are quietly making amazing progress amidst price drops. It's just setting us up for the next big bull run. via /r/Bitcoin http://bit.ly/2DT3HQZ

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