Lightning Loop Alpha: Without the clogged channels as quick as a flash Bitcoin send

the The Bitcoin Lightning Network can be used to relieve the load on the Blockchain. It provides the possibility of micro-transactions and to accelerate the speed of transactions significantly. In order to improve further, now called Lightning Loop.

By Phillip Horch
21. March 2019BTC$3.957,29 -1.57%part Facebook Twitter LinkedIn xing mail

Lightning Loop is intended to simplify the Receiving of Lightning transactions, as well as cost - and time-efficient. In a blog entry of 20. March Alex Bosworth and Bryan Vu with parts that you react with your new Lightning-solution to queries related to the Receiving of Lightning-transactions.

Lightning Loop Alpha and the Relieve of channels

The Bitcoin Lightning Network, or when you Send and Receive is a fundamental Problem: The channels can clog"". Because the transaction volume within the Lightning channels is limited. The more Satoshis you sent in a channel, the more you can receive and Vice versa. Satoshi's so they can move in in a Payment Channel of the Lightning Network, the total number remains at first constant.

With the Lightning Loop is to open up the possibility of the Funds to outsource. So you can expand the "Inbound Capacity", i.e. the maximum capacity of the payment channels. Because with the Lightning Loop, the sent Bitcoin and Satoshi's are swapped around in Wallets or directly in Fiat currencies exchanged. Thus, the channel is free again and you can still use it for transactions. Thus, it should be for the users of the Bitcoin Lightning Network is possible to receive more payments for the same channel.

For the future, the developers plan to develop the equivalent Loop Out to Loop In. Thus, it should be possible for users to fill in the payment channels with the outsourced Bitcoin:

The Vision of the Lightning Loop is to allow the users to move by using the non-retained Bitcoin contracts funds safe in and out of the Lightning Network. With Loop users, companies, and Routing Node operator can hold the Lightning channels open indefinitely, which makes the network more efficient, stable and cost-effective.

The Software and the Protocol are Open Source and, in addition, from the WITH licensed. The Alpha Version you can try here. The Loop-Out transactions are limited. So users can hunt the maximum amount of from 0.01 Bitcoin or a Million Satoshis through the channels. Therefore, during the Alpha Phase, no fees, network fees at the time of removal.

More of the Bitcoin Lightning Network can be found here.

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