29 Sep '16, 9pm

How a French Startup Put Bitcoin's Lightning Network to the Test

How a French Startup Put Bitcoin's Lightning Network to the Test

A lesser-known startup has successfully tested an important piece of bitcoin's scaling puzzle. Widely considered to be the best way to boost bitcoin's transaction capacity, the Lightning Network proposes a way to execute the majority of bitcoin transactions without involving the blockchain or compromising the network's decentralized architecture. But, as a relatively new proposal, it's still very much a work in progress. That's one reason why recent tests completed by a French company called Acinq have generated so much excitement. Inspired by a white paper released by bitcoin mining firm Bitfury in July, the Acinq team launched 2,500 Amazon Web Service nodes this month as a way to test a proposed routing system for Lightning-style payments earlier this month. Conducted on 18th September, the test put the routing theory proposed in the white paper into practice. As it show...

Full article: http://www.coindesk.com/bitcoins-lightning-network-milest...

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