Bitstamp Unveils Bitcoin Lightning Network Node
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Bitstamp Unveils Bitcoin Lightning Network Node

THELOGICALINDIAN - On July 8 the Lightning Network got a huge publicity addition as Bitstamp appear that it had launched its own Lightning bulge

Another Step Toward Widespread Adoption

On Monday Bitstamp revealed that it had launched a Bitcoin Lightning bulge to added facilitate the advance of Bitcoin’s Lightning Network (LN). The European cryptocurrency barter said that it was “very excited” about the anew launched LN bulge and has aerial hopes that it represents the “next footfall for Bitcoin and one of the acquittal systems of the future.”

Bitcoin Lightning Network Is Off the Chain

The Lightning Arrangement functions as a additional band over the Bitcoin arrangement and advised to acquiesce for fast, zero-fee affairs through acquittal channels that can be maintained amid users. The LN is meant to boldness Bitcoin’s scalability botheration by affective the aggregate of affairs off-chain. 

According to Bitstamp, the Bitcoin Lightning Arrangement bulge is “software that connects to the Lightning Arrangement to accelerate and accept Bitcoin from added nodes.” Apparently, Bitstamp was motivated to barrage a Lightning bulge as it is assertive that an access in the cardinal of Lightning nodes will strengthen LN and access the absolute clamminess of the arrangement as a whole. At the time of autograph Bitstamp’s bulge is announcement the afterward stats: 

Currently, Lightning Network ecology armpit 1MLshows that the Lightning Network is performing well. 

Recently the LN fabricated media after-effects as Coinbase appear that it would abutment the arrangement through payments recharge provider Bitrefill and in May Bitfinex additionally said that it would launch LN abutment for Tether’s USDT stablecoin. Last anniversary Forklog, a Russian crypto-media aperture additionally appear that Electrum Bitcoin wallet will accommodate abutment of the LN as allotment of a above accessible advancement to its wallet. 

Do you anticipate added crypto exchanges will barrage a bulge or accommodate abutment for the Bitcoin Lightning Network? Share your thoughts in the comments below! 

Images via Shutterstock, Twitter: @Bitstamp