{"id":2550,"date":"2017-12-28T02:12:01","date_gmt":"2017-12-28T02:12:01","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=2550"},"modified":"2017-12-28T10:42:40","modified_gmt":"2017-12-28T10:42:40","slug":"lightning-network-deployed-on-bitcoin-main-network","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/lightning-network-deployed-on-bitcoin-main-network\/","title":{"rendered":"Lightning Network Deployed on Bitcoin Main Network"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/bitcoin.jpg\" alt=\"\" width=\"300\" class=\"alignleft size-full wp-image-2009\" \/>In a major breakthrough in improving the Bitcoin user experience, developers have confirmed that <a href=\"https:\/\/www.legitgambling.com\/news\/bitcoin-lightning-network-tested-successfully\/\">Lightning Network <\/a>transactions have been successfully deployed on Bitcoin\u2019s main net. Every advancement in speeding up transaction confirmation time in the Bitcoin network is a good news as investors are getting frustrated by the long queue of unconfirmed transactions and high miner fees of about 1000 Satoshis per byte.<\/p>\n<p>Lightning is a decentralized network using smart contract functionality in the block chain to enable instant payments across a network of participants. It is one of the most eagerly awaited \u201clayer two\u201d upgrade for the Bitcoin Network. The successful deployment of Lightning Network will result in instantaneous transactions at a low cost. Further, the network will also be scalable and facilitate atomic swaps.<\/p>\n<p><strong>Lightning Labs<\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/a73Gz3Tvx3k?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>The <a href=\"https:\/\/htlc.me\/\">testnet<\/a> platform can be used to create a wallet and get a feel of the technology using test Bitcoins <strong>(tBTC)<\/strong>. Transactions get completed in a few seconds. Once the technology goes live, payments can be made quickly using Bitcoin. A beta release is soon expected.<\/p>\n<p>As of now, the miner fees can be reduced using <a href=\"https:\/\/thewalletgenius.com\/understanding-segwit-segregated-witness\/\">Segwit addresses<\/a>. However, several major wallet providers and payment processors do not support it.<\/p>\n<p>Commenting on the project, <strong>Lightning\u2019s co-founder Elizabeth Stark<\/strong> said she<\/p>\n<blockquote><p>\u201clooked forward to way more of what no one has ever done.\u201d<\/p><\/blockquote>\n<p>In a couple of months, we can expect Bitcoin network to have a fully functioning Lightning transaction facility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major breakthrough in improving the Bitcoin user experience, developers have confirmed that Lightning Network transactions have been successfully deployed on Bitcoin\u2019s main net. Every advancement in speeding up transaction confirmation time in the Bitcoin network is a good news as investors are getting frustrated by the long queue of unconfirmed transactions and high [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,68,1],"tags":[],"class_list":["post-2550","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrency","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lightning Network Deployed on Bitcoin Main Network<\/title>\n<meta name=\"description\" content=\"The Lightning Network upgrade, allowing near instant confirmations at low cost, was successfully deployed on main net of Bitcoin network.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/bitcoin.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/lightning-network-deployed-on-bitcoin-main-network\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/lightning-network-deployed-on-bitcoin-main-network\\\/\"},\"author\":{\"name\":\"Cameron 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He is an investigative journalist at heart who also has a fond interest in the money and business markets too.\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/author\\\/cameron-bishop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lightning Network Deployed on Bitcoin Main Network","description":"The Lightning Network upgrade, allowing near instant confirmations at low cost, was successfully deployed on main net of Bitcoin network.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legitgambling.com\/news\/lightning-network-deployed-on-bitcoin-main-network\/","og_locale":"en_US","og_type":"article","og_title":"Lightning Network Deployed on Bitcoin Main Network","og_description":"The Lightning Network upgrade, allowing near instant confirmations at low cost, was successfully deployed on main net of 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