Lightning Network Description
Bitcoin Lightning Network. Instant Payments. Lightning-fast, blockchain payments without the need for block confirmation. Blockchain smart-contracts ensure security without the need to create an on-blockchain transaction for individual transactions. Payment speed is measured in milliseconds to seconds. Scalability. The network can handle millions to billions in transactions per second. Legacy payment rails are thrown out the window by this capacity. It is now possible to attach payment per click/action without custodians. Low cost. Lightning Network allows for extremely low fees by transacting and settling off blockchain. This allows for emerging use cases like instant micropayments. Cross Blockchains. Cross-chain atomic Swaps can be made off-chain immediately using heterogeneous blockchain consensus rules. Transactios can be made across blockchains as long as they support the same cryptographic haveh function.
Lightning Network Alternatives
Raiden Network
The Raiden Network, an off-chain scaling solution that enables near-instant, low cost, and scalable payments, is the Raiden Network. It works with any ERC20 compatible token and is complementary to the Ethereum blockchain. The Raiden project continues to be developed. Its mission is to research state channel technology and define protocols. The Raiden Network is an infrastructure layer that sits on top of Ethereum's blockchain. Although the idea is simple, it is complex and difficult to implement. The technicalities can be simplified so developers can use a simple API to create scalable, decentralized applications that are based on Raiden Network. The Raiden Network's basic goal is to eliminate the blockchain consensus bottleneck. This is achieved by leveraging a network payment channels that allow secure transfer of value off-chain.
Learn more
Solana Pay
Solana Pay, the world's most efficient web3 ecosystem, is a new, free, and open-source payments framework. Solana Pay is designed for instant transactions, with minimal fees and zero environmental impact. Your business can now harness the power and speed of the blockchain in the same way as traditional payment networks. No more intermediaries. You and your customer are the only ones involved. You can settle your transactions immediately. Solana can process upto 60,000 transactions per second -- it has been called the "Visa of the digital assets ecosystem." Avoid intermediaries and their high-priced fees. Solana Pay is the first direct merchant-to-consumer payment railway. Your dev will set up the SolanaPay SDK in just minutes so that you can do business with the millions of Solana-based stablecoin holders.
Learn more
RSK
The Bitcoin Network has made RSK the most secure smart contract Blockchain. Bitcoin is the best DeFi opportunity. It is fully enabled on RSK - the most secure smart contract platform worldwide. Bitcoin users can now lend, borrow, trade, and earn interest on their Bitcoin. Financial decentralization is the future of finance. RSK is the best contract platform in the entire world. RSK's Contracts mission is to increase the value and functionality of the bitcoin Contracts ecosystem through smart contracts, near instant Contracts payment, and greater scalability. RSK Blockchain is connected with Bitcoin via Merged Contracts Mining, the two-way peg, also known as the bridge. RIF is built on top of RSK and aims to provide the foundations for a fully decentralized internet that can enable Decentralized Sharing Economys. It will empower and protect individuals' value through identity, payments and storage.
Learn more
Impervious
Impervious API is a programmatic layer which sits on top the Bitcoin Lightning Network (i.e. "Layer 3" Developers can use the Impervious API for secure p2p data transmissions, and payments into their services and applications.
1. Truly peer to peer (just like the Internet was intended to be)
2. Surveillance and censorship are not tolerated
3. Default encrypted
4. Invoices
Developers can integrate cryptographically secure data transfers and payments - p2p – via the IMP API. Impervious allows services and applications to use the p2p internet and build on it.
Learn more
Integrations
Company Details
Company:
Lightning Network
Year Founded:
2015
Website:
lightning.network/
Media
Recommended Products
Our Free Plans just got better! | Auth0 by Okta
You asked, we delivered! Auth0 is excited to expand our Free and Paid plans to include more options so you can focus on building, deploying, and scaling applications without having to worry about your secuirty. Auth0 now, thank yourself later.
Product Details
Platforms
SaaS
Type of Training
Documentation
Lightning Network Features and Options
Lightning Network User Reviews
Write a Review- Previous
- Next