Lightning Network Goes Live with $2.5M Funding from Twitter CEO, Tesla & SpaceX Investor
bitcoin technology

Lightning Network Goes Live with $2.5M Funding from Twitter CEO, Tesla & SpaceX Investor

THELOGICALINDIAN - The aboriginal official beta accomplishing of the Lightning Network LN went alive March 15 as developer Lightning Labs appear it had won 25 actor in allotment from some bigname investors

The Lightning Network Daemon (styled ‘lnd’), which enables accessible admission to LN for developers, represents the aboriginal mainnet beta absolution for the technology, which is angled to accommodate Bitcoin’s use as a currency.

“This absolution is additionally the aboriginal absolution of lnd that has an advantage to run on Bitcoin’s mainnet, with the all-important safety, security, and fault-tolerance appearance appropriate for real-world, absolute money usage,” Lightning Labs wrote in an accompanying blog post.

The absolution marks the latest anniversary for LN, which continues to see ample increases in acceptance and abstruse progress.

Earlier this week, Bitcoinist reported on how the agreement had developed to over 1000 nodes and about 2000 channels – advance accomplished about alone in 2018.

With abetment from computer behemothic Microsoft as able-bodied as some of the Bitcoin industry’s best-known names, it was with little abruptness that Lightning Labs additionally appear participants in its new allotment annular included Twitter CEO, Jack Dorsey,  Tesla and SpaceX angel broker Bill Lee, Robinhood co-founder Vlad Tenev, and Litecoin architect Charlie Lee, with lnd additionally acknowledging Litecoin.

Lee had signaled his activity for LN publicly, absolution a committed column of his own about its approaching in January.

Other abstracts from cryptocurrency, including Blockstream CSO Samson Mow, abide their bullish booty on Lightning, Mow this anniversary allegory it to a bar tab in a Bitcoin pub on amusing media.

The technology has not avant-garde after criticism, however. Bitcoin Core developer Peter Todd voiced concerns over hasty uptake of the agreement afore aegis questions had been bound this month, arguing the abeyant for users to lose money fabricated a fast rollout irresponsible.

Andreas Antonopoulos and Bitcoin.org architect Cobra accept similarly aloft doubts back the alpha of the year.

What do you anticipate about Lightning Labs’ aboriginal Bitcoin mainnet beta? Let us apperceive in the comments below!

Images address of Shutterstock, Twitter