Looks like the Lightning Network is catching on quickly around the World. What is the Lightning Network. Charlie Lee from Litecoin has been pumping the Lightning Network for awhile now. Good things are in store for Crypto Currencies for sure. Here is a quote from the Lightning Website for those that are unfamiliar with the Network itself.
"Transactions for the Future
Instant Payments. Lightning-fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain smart-contracts without creating a on-blockchain transaction for individual payments. Payment speed measured in milliseconds to seconds.
Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.
Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.
Cross Blockchains. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians."
((Source: https://lightning.network))
So as you can see the Lightning Network has a bright future in transactions in the crypto community. Apparently the Lightning Network has not been officially released as of yet, but is already being used. People are quite excited about the possibilities of transacting in mili seconds I suppose. I know I am. Transactions will be amazingly fast.
Tonight I went ahead and added a couple more Litecoin to my stash. Slowly building my handful of Litecoin for the future ahead. Looking forward to the day that Litecoin will take its rightful place as the first Alt coin under Bitcoin. Have a great day all. Keep accumulating Crypto.
(All images off of google imaging under the subjects: Lightning Network, Litecoin, Hypnotic). I added the word "lightning network on the first image").
