THELOGICALINDIAN - ACINQ a Parisbased startup adherent to Bitcoin solutions has auspiciously activated their Lightning software onLitecoin
With the increasing possibility that Segregated Witness will anon be implemented on Litecoin, added and added bodies are axis to Litecoin as a testbed for Bitcoin.
Segwit, as Segregated Witness is accepted in short, has fix for acquiescence that in about-face allows Lightning solutions. Lightning arrangement uses acute affairs to accomplish burning payments amid a aggregation of participants.
ACINQ is a Paris-based startup, which has implemented a Lightning band-aid application Scala, a accepted purpose programming language. Their Lightning band-aid is accepted as Eclair, which is French for lightning.
On 25 April, the aggregation announced that it had auspiciously activated Eclair on Litecoin.
Even admitting Eclair, ACINQ’s Lightning solution, is intended for Bitcoin, the aggregation begin that it ran out of the box for Litecoin too. Only a few constant tweaks were bare to accomplish it assignment with Litecoin.
With the contempo test, the aggregation believes that:
One of the best absorbing appearance of Lightning Arrangement is activity to be the achievability of arguable diminutive burning cross-chain swaps. This is tech-speak for the act of exchanging one cryptocurrency for addition application the Lightning network.
Using this feature, any two users will be able to, for example, barter Bitcoin for Litecoin if they so wanted. In the future, cross-chain swaps should make it easy to barter bitcoins for any added cryptocurrency.
Moreover, the Eclair balloon is not the alone accomplishing so far, at atomic bristles added projects are additionally antagonism to advance the technology awaiting SegWit activation.
Litecoin has affected its all time highs afresh afterwards SegWit was proposed for Litecoin in March. Litecoin price rose from about $4 to over $15. Afterwards SegWit is implemented in Litecoin, it will accessible the way for the accomplishing of Lightning arrangement application this cryptocurrency.
Do you anticipate Litecoin amount will see new highs afterwards SegWit is implemented on it?
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