First Lightning crosschain swap from BTC to LTC performed

Atomic swap between Bitcoin and Litecoin successfully performed
17 November 2017   4695

First transaction between Bitcoin and Litecoin performed using the Lightning Network.

The ability to instantly exchange currencies using the Lightning solution offers a number of advantages, such as instant settlement, increased privacy and low commission fees.

Under the hood, the Lightning Network uses a special type of payment called a Hashed Time-Locked Contract (HTLC). HTLCs are structurally very similar to the contracts used in our previous example—they use timelocked refunds for safety, and atomically move funds by revealing preimages. In fact, at the scripting level, an HTLC is differentiated only by one additional clause, which can be used to indefinitely extend the life of a channel in the cooperative case.

Lightning Team

First successful atomic swap is a big step for whole cryptocurrency community and for the blockchain technology. 

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   148

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.