Stellar (XLM) Still On Track to Implement Lightning This …

Back in midst Mar this year, the group at Stellar (XLM) announced that they had decided that the Lightning custom was the best long tenure scaling resolution for the network. The group remarkable that scalability was one of the most debated issues in many blockchain projects and they were coming it with an open mind on Stellar. Core to their idea was to urge the user’s knowledge in terms of speed, throughput and privacy/security.

About Lightning

The group went on to elaborate how Lightning works:

Lightning is a scaling resolution for distributed remuneration networks, creatively due for the Bitcoin blockchain. Lightning is designed to concede users to make off-chain payments through routers and hubs. Lightning even has the intensity to support cross-protocol payments, such as a remuneration where the sender sends Bitcoins on the Bitcoin network and the target receives lumens on the Stellar network, but carrying to trust any parties in between.

Lightning is assembled from building blocks famous as payment channels. The judgment behind remuneration channels is elementary but powerful. They concede users to open a channel off-chain and covenant there instead of on the open ledger.

Lightning Implementation Still On Course

According to the Stellar roadmap published along with the preference to exercise Lightning, the recover date was scheduled for Dec 1st.

Lightning doing roadmap. Source, stellar.org

Judging by the fact that there has been no amendment to the roadmap, we can assume that the group is still on course to broach on the set date.

What do you think about Stellar implementing Lightning on the network? Please let us know in the criticism territory below. 

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