Victory of the lightning network? The first lightning network and Wright currency bitcoin atomic swap announcement based on

SW deployed in August this year has brought many exciting new functions to bitcoin, especially atomic swaps and LN. LN is a chain network, and one of the functions is to help reduce the burden of the main chain of bitcoin.

With the application of intelligent contracts, billions of transactions can theoretically be carried out immediately. Transfers initiated by multiple parties may have a 10 day lockout period to allow the parties to plan transactions or cancel transactions and refund. The first atom swap has been recorded on YouTube, uploaded by Lightning Labs, the publisher of the code.

SW and its progress

Is there any defect in atom exchange? Unless you're a miner, it doesn't have any negative impact on you. This function will lead to reduced transaction costs, bitcoin miners may therefore receive lower transaction fees. As for this function is finally able to struggle with the central tendency of bitcoin mining industry currently remains to be seen. At present, large enterprises control the mining operation, rather than to the center of the distribution of users, which will cause the bitcoin network great injustice.

However, in the Wright currency bitcoin and (Litecoin) SW network deployment, to obtain ore pool holders and mining operators license is the key, because of the need to be combined with force deployment in SW block chain.

Wright coins deployed SW earlier than bitcoin, which has nothing to do with the design of the architecture, but in the Wright currency system, community consensus to support this program to be easier than bitcoin. Therefore, this means that Wright became the deployment of SW test platform, but also run the initial Lightning Labs bitcoin compiled LN code, after all, Wright bitcoin is based on the birth of bitcoin mechanism.

Wright coins and bitcoin highway

Charlie Lee wrote Li Qiwei, the founder of Wright coin:

Imagine there are two freeways: now bitcoin is full of cars on the road, and Wright's way is empty. Even if the bitcoin is packed, these cars will not use the Wright dollar Road, because the two are not connected, crossing two roads is not convenient (central exchanges and slow chain transfer). LN can build a bridge between two roads.
Charlie's "highway theory" accurately expresses the potential advantages of the two currencies to achieve swaps. Users are looking for trading speed, while LN is not only able to cross currency swaps, but also help ease congestion in the block chain.