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Description
The Bitcoin Lightning Network enables immediate payments, providing rapid blockchain transactions without the delays typically associated with block confirmations. It enhances security through the use of smart contracts on the blockchain, eliminating the need for separate on-chain transactions for each payment. Users can experience transaction speeds ranging from milliseconds to mere seconds. This network boasts remarkable scalability, capable of handling millions to billions of transactions every second, far surpassing traditional payment systems in terms of capacity. Additionally, it allows payments to be linked to specific actions or clicks without the need for intermediaries. Cost efficiency is another benefit, as settling transactions off-chain results in substantially lower fees, paving the way for innovative applications like instant micropayments. Furthermore, the Lightning Network supports cross-chain atomic swaps that can be executed instantly and off-chain, provided the involved blockchains utilize the same cryptographic hash function. This interoperability between different blockchain systems opens up new possibilities for seamless financial interactions.
Description
Poly Network is designed to facilitate interoperability among various blockchain networks, aiming to create the infrastructure for the next generation of the internet. It allows both similar and diverse public blockchains to connect via a fair and open admission process, enabling communication across different chains. Currently, Poly Network has successfully integrated a range of prominent blockchains, including Bitcoin, Ethereum, Neo, Ontology, Elrond, Ziliqa, Binance Smart Chain, Switcheo, and Huobi ECO Chain. The platform encourages more institutions and organizations to join in this collaborative effort to advance internet technology. Remarkably, no significant modifications are necessary to the underlying technology; simply deploying two smart contracts is enough to enable cross-chain capabilities for those blockchains that support smart contracts. For blockchains lacking smart contract functionality, incorporating two specific modules can achieve the same goal of interoperability. Through these approaches, Poly Network aims to expand its ecosystem and further enhance blockchain collaboration.
API Access
Has API
API Access
Has API
Integrations
Bitcoin
Bitaroo
Breez
Cash App
Delta Exchange
Elysium
Etleneum
Lever
Mutiny Wallet
Muun
Integrations
Bitcoin
Bitaroo
Breez
Cash App
Delta Exchange
Elysium
Etleneum
Lever
Mutiny Wallet
Muun
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Lightning Network
Founded
2015
Website
lightning.network/
Vendor Details
Company Name
PolyNetwork
Website
poly.network/