Lightning Labs Launches Alpha Version Of Its Lightning Network Client For Main Bitcoin Network.

Lightning Labs Launches Alpha Version Of Its Lightning Network Client For Main Bitcoin Network.

2019-04-24 | Big Bob

Lightning Labs Launches Alpha Version Of Its Lightning Network Client For Main Bitcoin Network.

In line with an 'official web-blog' post published, Lightning Labs - A renowned Blockchain development company has revealed the first alpha version of its LN [Lightning Network] client for the main Bitcoin [BTC] network.

The announcement specifies that this is still an early version geared towards testers as well as developers willing to begin experimenting with the code. The developers conjointly warn that the users shouldn’t place more funds into the application than they're willing to lose.

Additionally, while the release supports macOS, Windows and Linux, the post conjointly specifies that it's a very important stepping stone within the development of a new mobile version.

Explaining further, the team adds:

“We’re operating as quickly as we can, to get our mainnet Android & iOS applications out quickly.”

Lightning Labs conjointly claims to be committed to privacy, security and self-determination, the principles that it believes Bitcoin [BTC] was engineered on. The post further adds that, to deliver a system in line with those principles, the firm requires to launch a simple to use non-custodial client solution. The post adds:

“Scaling Bitcoin [BTC] and Lightning to everybody suggests not requiring individuals to follow complicated setup processes or hand over management of their funds to the trusted third parties.”

The newly-released product employees the Neutrino bitcoin light client, that reportedly permits for the utilization of the LN scalability solution while not downloading the complete blockchain 1st or handing over management over funds. As per the announcement, Neutrino solely requires to download and verify tens of megabytes, that could be completed in just a few minutes, letting practical use on smartphones as well as other low-power devices.

Just yesterday, cryptocurrency payments processor startup Moon 'revealed' its web-browser extension that permits e-commerce shoppers to use their LN bitcoin wallets for the purchasing on websites like Amazon.

Also, earlier this month, another 'news broke' that the U.S. based startup named ‘Sparkswap’ has completed a successful crowd funding round to develop a decentralized exchange based upon the bitcoin LN.

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